The Bank of Ireland Kernel Capital Growth Fund (NI) has led a £1.1m investment in Belfast based DisplayNote Technologies Limited, taking its total investment in the firm to £2m. Founded in 2012 DisplayNote has secured multi-million-pound contracts with global blue-chip customers including NEC, Dell and Vodafone. The Company will use this investment for key hires as it builds upon its international customer base across the US, Europe and Asia.
“This investment will allow us to bring new products to market, invest further in R&D and grow our team as we continue to expand our global OEM and Enterprise customer base.” Paul Brown, CEO DisplayNote Technologies.
“We recognise the world-class innovation within DisplayNote products, enabling people across the globe to collaborate in real-time, simply and effectively.” Jayne Brady, Partner Kernel Capital.
The Bank of Ireland Kernel Capital Growth Fund (NI) are committed to investing in innovative, export focussed Northern Ireland companies.
The Bank of Ireland Kernel Capital Growth Fund (NI) was designed to help SMEs in Northern Ireland to accelerate their growth. Invest Northern Ireland has committed £15 million of funding to this fund which is part financed by the European Regional Development Fund under the EU Investment for Growth and Jobs Programme 2014-2020. Invest NI’s R&D support is part funded by ERDF under the EU Investment for Growth and Jobs Programme 2014-2020.