Kernel Capital announces €350k investment for WaveBreak Media!

Kernel Capital confirmed yesterday that the Bank of Ireland Seed and Early Stage Equity Fund has led a €350k investment in Wave Break Media Ltd.Wavebreak Media is currently based in the Rubicon Centre employing ten people. Founded in 2006, the former InterTradeIreland Seedcorn National finalist boasts a catalogue of over 13,000 highest quality HD stock videos and 25,000 animations/photographs. Wavebreak's stock media which can be instantly downloaded via the internet is currently experiencing average customer download rates o 15,000 times per month globally.

"For the past four years, since our foundation, we have continuously focused on building our catalogue, team and international customer base.  The investment validates the strength of our business model and will allow us to further strengthen our core offering," CEO of Wavebreak Media, Sean Prior.

Orla Rimmington, Operations Director at Kernel Capital commented that "Wavebreak Media is an excellent example of a high-potential SmartEconomy start-up, that has generated significant traction in acquiring tier on international clients such  as FoxSports, Chanel 4, MTV and the ITN group. This investment will enable Wavebreak to further capitalise on this traction and will serve as a springboard to the next levels of sales, marketing and employment."