Wednesday, 27 August 2014
Last updated 8 hours ago
Nov 22 2009 | 3:49pm ET
Ireland has launched the EUR 26 million ($40 million) Bank of Ireland Seed and Early Stage Equity Fund to invest in startup and early stage companies.
The fund will focus on export-orientated, high potential startups in the technology (including green technology), food and financial services sectors, in addition to supporting patent and patent-pending projects within Irish universities. It will be managed on behalf of Bank of Ireland and the other partners by Kernel Capital
This is the eighth new fund supported by the Irish government through Enterprise Ireland’s Seed and Venture Capital Program 2007-2012. It comprises an investment by Bank of Ireland of EUR 17 million ($25 million), EUR 8 million ($12 million) from Enterprise Ireland, and EUR 1 million ($1.5 million) by University of Limerick Foundation (ULF).
The new fund brings total assets under management by Kernel Capital and its Life Science associate firm Seroba Kernel to EUR 190 million ($283 million).
The Bank of Ireland Seed and Early Stage Equity Fund will make investments ranging from EUR 100,000 to EUR 500,000 ($150,000 to $550,000).
Interested in cleantech investing?
Visit our sister publication:
Clean Tech Brief
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...