StormHarvester Receives GBP8.4M Investment to Expand Business

StormHarvester announced an investment of GBP8.4 million, which will situate the company for growth and see the company’s workforce double in size over the next three years.

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

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.

Brian Moloney, StormHarvester CEO

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.

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.

Mike Clarke, YFM Partner