B-Secur raises £4 million investment from ADV and Bank of Ireland

5th March 2019

Kernel Capital confirm B-Secur Ltd, a Belfast-based ECG biometric authentication company has raised £4m. This is the second round of funding secured by the company from Accelerated Digital Ventures (ADV), The Bank of Ireland Kernel Capital Growth Fund (NI) and an existing Private Investor. 

B-Secur, which now employs 36 staff in Belfast, has developed technology that uses an individual’s unique heartbeat pattern (ECG) as a means of personal authentication. The company recently launched Heartkey which combines this unique user identification with advanced physiological monitoring for health and wellness purposes. 

B-Secur is now partnering with some of the world’s top motoring manufacturers, global wearable and fitness tracker technology firms and leading semiconductor manufacturers, to embed Heartkey into multiple everyday technologies and wearables. 

‘Since our first investment in B-Secur we have been impressed by the drive and determination of the management team and their highly skilled technical experts who have worked hard to elevate this technology and to pair it with partners and applications which we strongly believe will change how we live and work. They are at an exciting stage and we are very proud to support them in taking their vision forward on a global scale.’
Jayne Brady, Partner, Kernel Capital

‘Securing further investment at this critical stage recognises our rapid development over the past 18 months and the market relevance of B-Secur’s technology. Most importantly, it’s a strong indicator of B-Secur’s growth potential globally.’
Alan Foreman, CEO, B-Secur

‘When everyday wearables become medical grade devices, the importance of assuring who can access sensitive information is of the greatest importance. B-Secur’s Heartkey software enables any OEM to achieve near medical grade heart monitoring and tracking capability coupled with unique authentication. One product roadmap with two distinct solutions, all derived from one heartbeat (ECG) signal. We’re backing B-Secur for the second time because we truly believe in the product vision and the team.’Tong Gu, Investment Lead, Accelerated Digital Ventures

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 £15m 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.

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For further information please contact: 
Dawn Walsh, Kernel Capital.
+353 21 4928974 

Manoj Ranaweera

Manoj has founded, failed and successfully exited from a number of technology product companies as well as support organisations since 2004. Among them, Northern Tech Awards and edocr.com were acquired by GP Bullhound and Accusoft, Inc respectively. Today, Manoj is building a trusted support network for technology companies. He is working with founding teams to help them accelerate including raising investment and M&A.