Kernel Capital and IIU inject €2m in Decawave

Kernel Capital invested through the Bank of Ireland Kernel Capital Fund II, a €70m vehicle closed in 2007 and focusing on early-stage investments. IIU is a private equity firm set up by Dermot Desmond in 1995.

Dublin-based Decawave is a provider of real-time location and wireless sensor solutions founded in 2004. The company's flagship product ScenSor has applications in areas such as manufacturing, healthcare, lighting, security, transport, inventory and supply chain management.

Decawave will use the fresh funds to accelerate the next phases of growth for the ScenSor technology.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

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• UK / Ireland
• Early-stage
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