Dublin, 22nd May 2023 – Furthr VC today announces the appointment of Niamh Sterling as Partner. In her new role, Niamh brings extensive experience as an entrepreneur and investment consultant to the Furthr VC team to identify and invest in Ireland’s most promising start-up and early-stage SaaS and Medtech companies, and to actively support investee companies on their scaling journeys.
As a partner at the venture capital firm, Niamh will be actively involved in deal origination; investment appraisal; portfolio management, to include board representation with investee companies; and fund promotion. Furthr VC’s latest fund has invested in 18 high-growth SaaS and Medtech companies to date, with an additional 7+ new companies to be added to the portfolio in the next 15 to 18 months.
With more than two decades’ experience as a co-founder and board member, Niamh has a passion and flair for market-led innovation, developing and delivering on international growth strategies, and driving operational efficiencies to increase bottom-line margins. She has a keen understanding of risk management and has excelled at developing and executing business strategies that foster trusted relationships with CEOs and key decision-makers in leading global businesses.
Niamh’s entrepreneurial background includes being co-founder and board member of leading Irish-owned companies Interact and H2O Solutions, both of which were acquired by Bidvest Noonan in 2021. She also served on the board of Leo Lynch Engineering Contractors, which was acquired by US-based Private Equity firm Cathexis Holdings in 2022.
Prior to joining Furthr VC, Niamh was an Investment Consultant for the Halo Business Angel Network (HBAN) for over 5 years, where she was responsible for deal origination, curation and management through to deal closing. She also managed and grew HBAN’s overseas angel syndicates in London, New York, Singapore and Dubai.
Commenting on her appointment, Niamh Sterling, Partner, Furthr VC, said: “Furthr VC comprises a highly experienced, pragmatic and hands-on team. They are focused on delivering the best outcomes for their investors and investee companies by identifying and investing in Ireland’s most promising early-stage technology companies, as well as partnering with investee management teams to actively support them with accelerating growth and value creation. I am delighted to bring my extensive experience of identifying and developing high-growth tech companies to the Furthr VC team, to strengthen their capabilities in delivering great outcomes for investors and investee companies alike.”
Niamh was previously a mentor for the European Commission’s ‘Women in Leadership’ Programme, supporting female CEOs scaling companies in deep tech sectors. Additionally she was Barclaycard UK Retail Woman of the year on 2018 and is founder and Chairperson of RecipeGuru, a company which provides digital content solutions to the grocery retailers and FMCG sectors in Australia and the US.
About Furthr VC
Furthr VC, the venture arm of Furthr, launched its latest early-stage venture fund in late 2019 with the backing of leading Irish technology entrepreneurs and business leaders, as well as Enterprise Ireland. The fund is highly active, investing in Seed to Series A-stage B2B software and MedTech companies in Ireland, with initial investments of up to €650K. Furthr VC invests in and partners with highly ambitious start-up teams developing globally scalable products and services, and which are positioned to become the next generation of Ireland’s leading technology companies. In addition to providing institutional capital at an early stage, Furthr VC is a long-term partner to its portfolio companies and can invest up to €3M in a company through subsequent follow-on investment rounds. https://furthr.ie/venture-capital/
Since 1988, Furthr has provided ambitious founders with everything they need to start and scale their businesses. Furthr offers the most comprehensive range of practical support to entrepreneurs in Ireland. Through game-changing consultancy, programmes, and events, Furthr helps innovators to stand before their network of potential investors with confidence. Furthr empowers entrepreneurs to start and scale new businesses by providing access to the funding, programmes and connections required to advance their ambitions. Over 80% of Furthr-assisted companies have secured third-party finance, and more than 500 companies have raised funding through Furthr-managed programmes. www.furthr.ie