StormHarvester secures funding for expansion

StormHarvester Receives £8.4M Investment to Expand Business

 We have today announced an investment of £8.4M, which will situate the company for growth and see our workforce double in size over the next three years.

The funding will facilitate the expansion of our product range, as well as our sales and marketing capabilities, and will accelerate growth into new markets including Australasia and North America, whilst also strengthening our presence in the UK.

Speaking about the investment, StormHarvester CEO, Brian Moloney, said, “This significant investment represents a transformative step in our company’s journey, fuelling our expansion and creating exciting opportunities for Northern Ireland’s job market.

“We’re thrilled to announce new positions spanning sales and marketing roles to drive our global reach, alongside cutting-edge technical roles that will shape the future of our smart technology as we advance our innovative product roadmap.”

The investment comprises funding from both YFM Equity Partners and Emerald Technology Ventures.

Leeds based YFM Equity Partners (YFM), which has offices across Great Britain, are specialist, independently owned, private equity investors and help UK small businesses scale up and grow faster.

Emerald is a globally recognised venture capital firm, founded in 2000, investing in start-ups that tackle challenges in climate change and sustainability.

YFM Partner, Mike Clarke, said, “Having been the first to market in the UK, the StormHarvester team has carved out a market-leading position, expanding to meet ever-growing demand from the utilities sector. The company is now focused on international expansion, and we are excited to be supporting its scale-up journey.

“More importantly, we are immensely proud to be associated with a company that is making a tangible difference in reducing pollution and flooding. By enabling utilities to proactively manage their networks, StormHarvester’s technology is setting a new standard in environmental stewardship and sustainability.”