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Furthr VC

Europe, Dublin, Ireland, Dublin

Description

Furthr VC, based in Dublin, Ireland, is an early-stage venture capital firm with a strong focus on the Irish innovation ecosystem. The firm primarily targets Seed to Series A investments, specializing in high-growth software and medtech companies. Known for its relationship-driven approach, Furthr VC aims to be a hands-on partner for founders, providing not just capital but also strategic guidance and access to a broad network, thereby fostering the growth of promising domestic ventures.

The firm's investment strategy is centered on identifying promising Irish startups with scalable business models and strong founding teams. Furthr VC typically provides initial investments ranging from €250,000 to €750,000. This initial capital is designed to help companies achieve critical milestones, such as product development, market validation, and team expansion. Beyond the initial cheque, Furthr VC also reserves significant capital for follow-on investments, potentially committing up to €1.5 million over the lifetime of a portfolio company, demonstrating a long-term commitment to its ventures.

Furthr VC manages multiple funds, with its most recent being Furthr VC Fund II, a substantial €32 million fund. This fund is strategically allocated to support approximately 30 to 35 promising Irish companies, reinforcing the firm's dedication to fostering domestic innovation. The firm's portfolio showcases a diverse range of companies within the software and medtech sectors, reflecting their broad expertise and commitment to these high-impact industries. Their investment philosophy emphasizes building strong, collaborative relationships with founders, leveraging their extensive experience to help companies navigate the challenges of early-stage growth and scale effectively.

Investor Profile

Furthr VC has backed more than 26 startups, with 1 new investments in the last 12 months alone. The firm has led 11 rounds, about 42% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series Unknown, Series A rounds (top funding stages).
  • Majority of deals are located in Ireland.
  • Strong thematic focus on Software, Medical Device, Health Care.
  • Typical check size: $270K – $810K.

Stage Focus

  • Seed (65%)
  • Series Unknown (15%)
  • Series A (8%)
  • Pre Seed (8%)
  • Undisclosed (4%)

Country Focus

  • Ireland (100%)

Industry Focus

  • Software
  • Medical Device
  • Health Care
  • Medical
  • Fintech
  • Information Technology
  • Saas
  • Payments
  • Enterprise Software
  • E-commerce
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Furthr VC frequently co-invest with?

Irrus Investments
Europe, Limerick, Ireland, Limerick
Co-Investments: 5
Act Venture Capital
Europe, Dublin, Ireland, Dublin
Co-Investments: 5
Elkstone Capital Partners
Europe, Dublin, Ireland, Dublin
Co-Investments: 5
Atlantic Bridge
Europe, Dublin, Ireland, Dublin
Co-Investments: 5
Western Development Commission
Europe, Roscommon, Ireland, Ballaghaderreen
Co-Investments: 3
Enterprise Ireland
Europe, Dublin, Ireland, Dublin
Co-Investments: 13
Delta Partners
Europe, Dublin, Ireland, Leopardstown
Co-Investments: 3
HBAN
Europe, Dublin, Ireland, Dublin
Co-Investments: 9
HM
Europe, Galway, Ireland, Galway
Co-Investments: 4
Middlegame Ventures
Europe, Luxembourg, Luxembourg, Luxembourg
Co-Investments: 4

Which angels does Furthr VC often collaborate with?

JH
Europe, Dublin, Ireland, Dublin
Shared Deals: 1
LC
North America, California, United States, San Francisco
Shared Deals: 1
DT
Europe, Dublin, Ireland, Dublin
Shared Deals: 1
CE
North America, United States
Shared Deals: 1

What are some of recent deals done by Furthr VC?

LaNua Medical

Dublin, Dublin, Ireland

LaNua Medical is a medical device company that develops disruptive image-guided technologies.

Health CareMedicalMedical Device
SeedDec 12, 2024
Amount Raised: $6,284,131
Trustap

Cork, Cork, Ireland

Trustap is an online payment platform for buyers and sellers to transact safely without the risk of being scammed.

E-CommerceFinTechMobile PaymentsPaymentsTransaction Processing
Series AJul 9, 2024
Amount Raised: $5,498,550
STRATxAI

Dublin, Dublin, Ireland

STRATxAI is a pioneering startup in the investment industry, providing AI-powered investing and technology since 2021.

FinanceFinTechImpact InvestingPersonal Finance
SeedMay 21, 2024
Amount Raised: $1,628,122
Neurobell

Cork, Cork, Ireland

NeuroBell developing a novel medical device providing portable EEG monitoring with real-time &automated neonatal seizure alerts.

MedicalMedical Device
SeedJan 8, 2024
Amount Raised: $2,100,000
SymPhysis Medical

Galway, Galway, Ireland

SymPhysis Medical is developing an innovative drainage technology to treat malignant pleural effusions (MPE).

Health CareMedicalMedical Device
SeedDec 21, 2023
Amount Raised: $1,650,951
GREYSCOUT

Dublin, Dublin, Ireland

GreyScout® AI technology (Veri-Auth™) helps brands and IP owners track and remove infringing content across the web.

Artificial Intelligence (AI)Information TechnologyInternetNetwork Security
SeedNov 9, 2023
Amount Raised: $3,733,485
Trustap

Cork, Cork, Ireland

Trustap is an online payment platform for buyers and sellers to transact safely without the risk of being scammed.

E-CommerceFinTechMobile PaymentsPaymentsTransaction Processing
UndisclosedApr 19, 2023
Good Travel Software

Dublin, Dublin, Ireland

Good Travel Software is an innovative technology provider for traditional, free-floating, and peer to peer.

AutomotiveCollaborative ConsumptionSoftwareTravel
Series UnknownApr 4, 2023
Bluedrop Medical

Galway, Galway, Ireland

Remote patient monitoring (RPM) for patients at risk of diabetic foot disease.

DiabetesHealth CareHospitalMedicalMedical Device
SeedMar 31, 2023
Amount Raised: $11,410,873
Klearcom

Waterford, Waterford, Ireland

Klearcom provides a SaaS solution for testing Telecommunications, Contact Centers and IVR services.

Call CenterCustomer ServiceEnterprise SoftwareInformation TechnologyPenetration TestingSaaSSoftwareTelecommunications
SeedMar 10, 2023
Amount Raised: $1,598,476