StormHarvester funding news – Belfast-based StormHarvester Secures €9.7 Million in Funding

The funding round was led by YFM Equity Partners (YFM) with additional investment from Emerald Technology Ventures, a leading CleanTech venture capital firm.

Brian Moloney, CEO of StormHarvester said, “Expensive-to-replace networks, urbanization, climate change, and population growth are putting a huge strain on wastewater systems, and this has resulted in increased flooding and pollution. StormHarvester’s AI solution is solving these problems, identifying issues before they happen and facilitating proactive intervention. Our technology not only improves operational efficiency for utilities but also plays a critical role in reducing pollution, protecting vital water resources, and supporting a healthier environment,”.

StormHarvester’s platform uses predictive analytics and anomaly detection to spot potential problems before they happen. This helps utilities take action early to prevent flooding and pollution which protects natural waterways and ensures they meet environmental regulations.

Read also - VitVio funding news – London-based VitVio has Secured €1.8 Million in Pre-Seed Funding

Since starting, StormHarvester has become a trusted partner for UK wastewater utilities, with 75% of UK water companies using its software. The technology helps detect sewer blockages, monitor pumping stations, and find leaks in sewer systems, leading to fewer pollution incidents and better efficiency.

The rapid use of their technology shows how urgent it is to address challenges like urbanization climate change and aging infrastructure. These issues are driving the demand for smarter data-driven solutions.

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

Clayton MacDougald, the Emerald Investment Director who will join StormHarvester’s Board of Directors said, “Utilities today face a slew of challenges from aging infrastructure to resource & funding gaps, however the most daunting are the impacts of climate change, including increased flooding and subsequent pollution events, StormHarvester has proven they have the cutting-edge solutions to help customers proactively reduce these events, manage their infrastructure, and gain invaluable insights into improved operations in an efficient manner. Emerald is excited to partner with the amazing team at StormHarvester and lead-investor YFM as the company continues to solve these ever-growing climate issues around the globe.”

About StormHarvester

StormHarvester’s approach to managing wastewater and protecting the environment sets a standard for sustainability in the utilities sector. With new investment and plans for international growth, the company is ready to address global wastewater challenges while making a positive impact on the environment.