Sure Ventures PLC Increase of Subscription to Sure Valley Ventures (7983K)
02 Settembre 2019 - 8:00AM
UK Regulatory
TIDMSURE
RNS Number : 7983K
Sure Ventures PLC
02 September 2019
SURE VENTURES PLC / ISIN: GB00BYWYZ460 / Ticker: SURE / Market:
SFS / Sector: Investment
2 September 2019
Sure Ventures plc ('Sure Ventures' or 'the Company')
Increase of Subscription to Sure Valley Ventures Fund of 2.5
million euros
Sure Ventures plc, a London listed venture capital fund which
invests in early stage software companies in the rapidly growing
technology sectors of augmented reality ('AR'), virtual reality
('VR'), Internet of Things ('IoT') and Artificial Intelligence (AI)
in Fintech, is pleased to announce that it has increased its
subscription in Sure Valley Ventures Fund by a further 2.5 million
euros. This subscription takes Sure Ventures overall commitment in
Sure Valley Ventures to 7 million euros.
Perry Wilson, Chairman of Sure Ventures, commented, "The board
of Sure Ventures has been very impressed with the composition of
the portfolio that has been created to date by Sure Valley
Ventures. With a number of investee companies now approaching the
next round of funding, we are very encouraged by the performance of
the underlying software businesses and as such are happy to show
our commitment to Sure Valley Ventures' strategy by increasing our
percentage holdings".
SURE VALLEY VENTURES ('The fund')
The fund is a sub-fund of Sure Valley Ventures ICAV, an Irish
regulated ICAV that undertook a fundraising round with a closing
date of 31 August 2019. In consideration of the traction,
performance and makeup of the portfolio established in some of the
new frontiers of software technology, the board of Sure Ventures
PLC decided not just to maintain its percentage holding in Sure
Valley Ventures, but to increase its stake in the fund from 21.6%
to 25.9% by committing a further 2.5m euros.
The commitment will require an upfront commitment of EU848,784.
This investment has been satisfied from the Company's current cash
position. The Company has, through this investment, increased its
exposure to the companies within the fund's portfolio
including:
Company Description
Admix Fully programmatic monetization platform
for 3D spacial developers (e.g. console,
PC and mobile game developers)
https://admix.in/
-------------------------------------------------
Ambisense AI and IoT platform for real-time environmental
monitoring and protection (e.g. Greenhouse
Gas) through AI prediction
https://ambisense.net/
-------------------------------------------------
Artomatix AI platform that automates 3D content
creation for AR/VR, video games, movies
and VFX, cutting the costs of production
for key processes by up to 80%.
https://artomatix.com/
-------------------------------------------------
ProVision Provider of IoT cameramatics for commercial
fleets
https://www.provisioncameramatics.com/
-------------------------------------------------
NDRC EU accelerator providing propriety deal
flow
https://www.ndrc.ie/
-------------------------------------------------
Nova Leah Cyber security assessment and protection
platform for IoT medical devices
https://www.novaleah.com/
-------------------------------------------------
Vivid Q Software platform for real-time holographic
3D display for AR
https://www.vivid-q.com/
-------------------------------------------------
VR Education A virtual reality education platform
https://immersivevreducation.com/
-------------------------------------------------
Wia IoT developer platform with 55,000+ developers
https://www.wia.io/
-------------------------------------------------
War Ducks AR games studio with multiple hit titles
https://www.warducks.com/
-------------------------------------------------
ENDS
For further information, please visit www.sureventuresplc.com or
contact:
Gareth Burchell Sure Ventures plc +44 (0) 20 7186 9951
Melissa Hancock/ Gaby St Brides Partners (Financial
Jenner PR) +44 (0) 20 7236 1177
Notes to Editors
Sure Ventures plc listed on the London Stock Exchange in January
2018 giving retail investors access to an asset class that is
usually dominated by private venture capital funds. The Company
aims to provide investors with a diversified exposure to three
rapidly-growing markets: augmented reality/virtual reality,
Artificial Intelligence and Internet of Things. Sure Ventures is
focusing on companies in the UK, Republic of Ireland and other
European countries, making seed and series A investments in
companies with first rate management teams, products which benefit
from market validation with target revenue run rates of at least
GBP400,000 over the next 12 months.
Website: https://www.sureventuresplc.com/
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END
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