Furthr Investor Network
Furthr has been a leader in the establishment and operation of angel networks since 2005. From the establishment of the Halo Business Angel Partnership (HBAP) to the growth of syndicated investment through the Halo Business Angel Network (HBAN) – Furthr has facilitated over €140M of angel investment into over 700 companies.
In 2023 Furthr established Furthr Investor Network (FIN) as a new proposition for private investors to view early-stage equity investment opportunities in starting or scaling companies.
Funding
How does FIN work?
The FIN team source and screen dealflow, primarily (but not exclusively) in Ireland of seed and seed+. Pitching sessions are held periodically either in person or online. On average 4 companies will pitch their investment opportunities in a member meeting.
Post pitch, investors can connect directly with companies. FIN will then collate level of interest for each opportunity and schedule a deeper dive surface level diligence meeting for interested investors where required.
If there is interest to formally engage in a diligence process and invest, the investors will coordinate directly thereafter and bring the deal to termsheet stage and closure. Investors can invest individually directly into the company, or if the company chooses they can facilitate the creation of a syndicated investment
FIN For Investors
Experience
We are looking for experienced investors with deep domain knowledge and the willingness to share that knowledge by advising investee companies at a strategic level.
Intent
Investors should be looking for de-risked opportunities at a later stage (i.e. €2-5M raise) with the intent to invest in 3-5 businesses over 3 years.
Opportunity
Furthr sources investment opportunities, however all investments decisions are solely that of the investors and are made on an individual basis. There is no commitment to invest required to join the network.
How FIN works for an Investor
Investors pay a modest annual membership fee
This contributes to the operational cost of screening and preparing companies, hosting events and post event company follow up
Furthr prepare companies and deliver curated monthly pitching events to view and meet the companies pitching
Furthr connects interested investors with the companies to conduct their own diligence prior to an investment decision
Furthr charges a fixed low-level fee to any companies who received investment , ensuring optimal deployment of investor capital raised
For Potential Investees
Company Criteria
Furthr Investor Network looks at a wide range of deal flow and each company is assessed on a case-by-case basis and on their individual merits but broadly we are looking for:
Enterprise SaaS, General ICT or MedTech companies, who are raising between €500K-€2.5M. If those initial criteria are met, we evaluate companies on the following criteria:
Management Team
Market Opportunity
Use of Proceeds
Growth Potential
Exit Strategy
Technology
Strategic Fit
Competitive Advantage
How FIN works for companies
raising investment
Companies pay a nominal fee to pitch to the network
Furthr review your investor docs and prepare you to pitch
If there is investor interest, we will coordinate an initial follow back and diligence meeting
You are responsible for coordinating directly with investors on diligence and agreeing terms
If investment is successfully raised, Companies will pay a fixed administration fee to cover the administrative cost to Furthr of facilitating the connection to the investor(s)
FIN Operational Structure
FIN operates on a not-for-profit cost recovery basis. It does not take equity, carry or any position in any company that received investment. There is a fixed membership fee for investors, a fixed fee for companies wishing to pitch, and a fixed administration fee for administrative support in coordinating the connection and follow back between FIN investors and potential investee that is only charged if an investment is successfully concluded. FIN takes no active part and makes no input into any investment discussion between potential investors and investees
