Furthr VC

What Furthr VC does

Furthr VC is a relationship-driven early-stage venture capital firm headquartered at the Guinness Enterprise Centre in Dublin, Ireland, and operating as the venture capital arm of Furthr (formerly DBIC Ventures, established in 1988). The firm invests at the Seed to Series A stage in Irish B2B SaaS and MedTech companies, deploying initial cheques of up to €650K and reserving follow-on capital of up to €3M per company through subsequent funding rounds. Furthr VC is backed by a €32 million fund whose primary institutional limited partner is Enterprise Ireland, alongside a syndicate of leading Irish technology entrepreneurs and business leaders.

The firm manages approximately 35 active portfolio companies across three principal verticals: MedTech devices (Bluedrop Medical, NeuroBell, CroíValve, Gasgon Medical, LaNua Medical, Symphysis Medical, Ocumetra), B2B SaaS platforms (Klearcom, Tracworx, Wrxflo, Everyangle, Evercam, Terminalfour, VisibleThread, Ronspot, MEG, 3dissue, Greyscout), and Fintech (UrbanFox, Trustap, NoFrixion, STRATxAI). Portfolio technology stacks span computer vision, AI-powered fraud detection, AI-assisted medical diagnostics, escrow-based payments, and electronic money management APIs. Furthr VC's operating model emphasises board-level engagement, strategic introductions, and senior team recruitment support, leveraging its position within the broader Furthr ecosystem (which has supported over 500 companies), HBAN angel syndicates (managed by Furthr), and Enterprise Ireland co-investment relationships.

The firm's revenue mechanics follow standard VC fund economics: management fees on the €32M fund plus carried interest on exits. Deal flow is sourced through direct founder outreach via furthrvc.ie, Enterprise Ireland and HBAN referrals, and the Furthr parent network. Disclosed exits include Silvercloud (acquired by Amwell), icabbi (acquired by Renault), Connexicon (acquired by Advanced Medical Solutions), Safefood (acquired by LGC), Invinity (merged into a listed entity), and Gridbeyond (secondary in Series C). The team comprises two Managing Partners (Richard Watson, Colm O'Sullivan), one Partner (Niamh Sterling, joined 2023), and two Investment Associates (Caroline Smart, Saurabh Kumar).

Name

Furthr VC

Legal name

Furthr VC

Website

https://furthrvc.ie

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

1–10 employees

Short description

Furthr VC is an Irish early-stage venture capital firm investing Seed to Series A in B2B SaaS and MedTech companies. Managing a €32M fund backed by Enterprise Ireland, the Dublin-based firm provides institutional capital plus follow-on funding up to €3M per company to ambitious Irish founders.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Other Financial Investment Activities (5239), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282), Investors, Nec (6799)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

akta.pro secondary industry

Micro-VC & Angel Funds (FSANAAAI)

Keywords

• Venture capital investment
• Early-stage funding
• Seed series A
• B2B SaaS investing
• MedTech venture capital

Headquarters

HQ city

Dublin

HQ country

Ireland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Venture Capital Returns (Carry & Capital Gains): Furthr VC generates returns through capital appreciation of portfolio companies at exit. The fund makes initial investments of up to €650K at Seed to Series A stage and can invest up to €3M per company through follow-on rounds, targeting successful exits through M&A or IPO. The fund earns management fees and carried interest on returns above the hurdle rate.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Furthr VC is an early-stage venture capital firm that invests at Seed to Series A stage in Irish B2B SaaS and MedTech companies. Initial investments of up to €650K per company are complemented by follow-on capital of up to €3M per company across subsequent rounds. The firm provides hands-on strategic support, board-level engagement, and access to its network of Irish tech entrepreneurs, business leaders, Enterprise Ireland, and HBAN.

Product overview

Furthr VC is an early-stage venture capital firm that operates as the venture arm of Furthr, providing investment services to Irish B2B SaaS and MedTech companies. The firm invests from Seed to Series A stage with initial investments of up to €650K and follow-on investment up to €3M per company. Furthr VC's portfolio includes 25+ portfolio companies spanning MedTech (Bluedrop Medical, NeuroBell, CroíValve, Gasgon Medical, LaNua Medical, Ocumetra, Symphysis Medical, MEG), SaaS platforms (Klearcom, Tracworx, Wrxflo, Ronspot, Everyangle, Evercam, Terminalfour, VisibleThread, ClarityCXT, 3dissue, Greyscout, Dimply), Fintech (UrbanFox, Trustap, NoFrixion, STRATxAI), and Media/Mobility sectors. The portfolio companies develop various technology products including AI-powered fraud detection, computer vision retail analytics, EEG brain monitoring devices, payment processing platforms, and healthcare quality management systems.

Differentiator

Problem solved

Functional benefit

Products and services

• Early-Stage Venture Capital Investment Venture capital investment services providing initial investments of up to €650K at Seed to Series A stage for Irish B2B SaaS and MedTech companies, with reserved follow-on investment of up to €3M per company through subsequent rounds. Includes hands-on strategic support, board-level engagement, network introductions, and senior team recruitment support.

Quantifiable outcome

• Portfolio companies backed over 100+ investment rounds
• +1 more outcomes

Named customers14 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability11 records

Feature1 record

Partnerships

Nine partnerships are on record, tiered core and major.

• FurthrcoreStrategic or Co-development PartnerFurthr VC is the venture arm of Furthr (formerly DBIC Ventures), an Irish organisation that has equipped ambitious founders since 1988. Furthr provides comprehensive support including consultancy, programmes, and events. Over 80% of Furthr-supported companies have obtained third-party finance, with over 500 companies raising funds through Furthr-managed programmes.
• HBAN (Halo Business Angel Network)coreStrategic or Co-development PartnerHBAN is a joint initiative of Enterprise Ireland and InterTradeIreland that promotes business angel investment across Ireland. It is managed by Furthr in partnership with regional Irish BICs in Cork, Galway & Waterford, and Clarendon Fund Managers in Northern Ireland. HBAN's MedTech and Irrus Investment syndicates co-invest with Furthr VC in portfolio companies including NeuroBell, Bluedrop Medical, and CroíValve.
• CiscomajorTechnology or IntegrationEveryangle has established a strategic partnership with Cisco as a major technology vendor, integrating its computer vision platform with Cisco's technology ecosystem.
• SAPmajorTechnology or IntegrationEveryangle has established a strategic partnership with SAP as a major technology vendor, integrating its computer vision platform with SAP's enterprise software ecosystem.
• TD SynnexmajorChannel Partner/ Reseller/ DistributorEveryangle has a distribution agreement with TD Synnex, a global technology distributor, enabling broader market reach for its computer vision analytics platform.
• CDWmajorChannel Partner/ Reseller/ DistributorEveryangle has an international reseller agreement with CDW, a leading technology reseller, for distribution of its computer vision analytics platform.
• WWT (World Wide Technology)majorChannel Partner/ Reseller/ DistributorEveryangle has an international reseller agreement with WWT for distribution of its computer vision analytics platform.
• M42 (Abu Dhabi)coreStrategic or Co-development PartnerM42, a global health-tech company headquartered in Abu Dhabi, signed a five-year contract to implement MEG's healthcare quality management software system across its healthcare facilities in the UAE. This partnership was officially signed at Arab Health and aligns with M42's vision for technology-driven healthcare solutions.
• eToromajorStrategic or Co-development PartnereToro, the trading and investing platform, partnered with STRATxAI to launch a Smart Portfolio offering exposure to high-value US stocks on STRATxAI's Alana Investment Platform.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Act Venture Capital: Irish early-stage VC investing in B2B SaaS and software companies at Seed to Series A stage. Co-invests with Furthr VC in Everyangle and Trustap, making it the most direct comparable for fund size, stage and sector focus within Ireland.
• Elkstone Partners: Irish investment firm backing early-stage companies with cheque sizes similar to Furthr VC, co-investing in Bluedrop Medical and LaNua. Comparable as a domestic Irish early-stage investor with similar SaaS and MedTech orientation.
• Atlantic Bridge: Ireland-based growth and early-stage technology investor with deep-tech, SaaS and MedTech exposure. Frequent co-investor with Furthr VC (CroíValve, NeuroBell, Bluedrop) and the most relevant comparable for cross-stage MedTech investing in Ireland.
• Sure Valley Ventures: UK and Ireland-focused early-stage software VC investing in AI, AR/VR and SaaS. Co-invested with Furthr VC in Everyangle, making it a strong comparable for AI and computer vision software exposure at Seed/Series A.
• Delta Partners: Dublin-based VC that co-led NoFrixion and STRATxAI rounds alongside Furthr VC. Comparable as an Irish early-stage investor with overlapping fintech and enterprise SaaS exposure.
• MiddleGame Ventures: European fintech-focused early-stage VC that co-led NoFrixion and UrbanFox with Furthr VC. Comparable as an early-stage investor with overlapping fintech focus and Enterprise Ireland backing.
• Frontline Ventures: London/Dublin-based early-stage B2B SaaS investor. Comparable for stage, sector (enterprise software) and Dublin operating presence, even though its cheque sizes and pan-European mandate are larger than Furthr VC's.
• HBAN (Halo Business Angel Network): All-island Irish business angel network managed by Furthr. Acts as a complementary co-investor alongside Furthr VC across the portfolio (NeuroBell, Bluedrop, CroíValve, Klearcom), making it the closest ecosystem peer for early-stage Irish deal participation.

Emerging players

• NDRC (National Digital Research Centre): Irish early-stage investor and accelerator backing deep-tech and software start-ups from Irish research institutions. Comparable as a publicly-backed early-stage capital provider in Ireland, though typically pre-Seed/Seed rather than Series A.

Regional players

• Tribal.vc: European early-stage investor backing mission-driven B2B SaaS companies. Comparable as a Seed/Series A European software investor with similar cheque sizes, though operating across wider geographies than Furthr VC's Ireland-only mandate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/furthr-vc

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments30 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Furthr VC