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StormHarvester raises £8.4m in Series A funding led by YFM to deliver AI analytics for wastewater utilities

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StormHarvester
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Brian Moloney
💰
£8.4m
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Belfast, United Kingdom
Jan 23, 2025

StormHarvester, a market-leading technology provider helping water companies optimise sewer network management while significantly reducing flooding and pollution, has secured an £8.4m funding round. The investment includes £3.75m in growth capital from YFM Equity Partners (YFM), alongside existing investors and Emerald Technology Ventures.

Headquartered in Belfast, Northern Ireland, StormHarvester launched its automated water management software in 2019. The SaaS platform uses machine learning and rainfall prediction to spot blockages and pumping station anomalies which helps water companies proactively maintain the sewer network. By identifying issues early, StormHarvester enables corrective action before pollutants are released into waterways. This has led to measurable reductions in the frequency of pollution incidents, helping utilities comply with stringent environmental standards while safeguarding local ecosystems.

YFM’s investment, part of an £8.4m total round alongside existing investors and Emerald Technology Ventures, will support the expansion of StormHarvester’s product range and sales and marketing capabilities. The funding will also accelerate the company’s growth into new markets, including Australasia and North America.

StormHarvester won its first formal tender in 2019. Since then, the business has grown rapidly, onboarding 75% of UK water utility companies onto the platform. This widespread adoption reflects the urgent need for smarter solutions to address urbanisation, climate change, and population growth, all of which are placing unsustainable pressure on wastewater systems.

With YFM’s backing, we can take our highly accurate technology to new territories with the aim of helping to improve wastewater management at a global level. Expensive-to-replace networks, 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.
Brian Moloney, CEO of StormHarvester
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, Partner at YFM Equity Partners
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