Sure Ventures PLC RETìníZE Investment (9569E)

TIDMSURE

RNS Number : 9569E

Sure Ventures PLC

16 March 2022

Sure Ventures plc ('Sure Ventures' or 'the Company')

First investment of the Sure Valley Ventures UK Software Technology Fund

Sure Ventures plc, a London listed venture capital fund which invests in early-stage software companies in the rapidly growing technology areas of Augmented Reality ('AR'), Virtual Reality ('VR'), Internet of Things ('IoT') and Artificial Intelligence (AI), is pleased to announce its first investment call from Sure Valley Ventures UK Software technology fund.

Further to the Company's announcement on 2 March 2022, RETìníZE Limited ("RETìníZE"), the award-winning creative-tech company based in Belfast, Northern Ireland, has successfully raised GBP2 million in a seed round led by the SVV Software Fund.

RETìníZE is developing an innovative software product called Animotive that is harnessing the latest VR technologies to transform the 3D animation production process. The proceeds of the seed round will drive the next two-year step in its growth and the global rollout of Animotive.

The seed round, led by the SVV Software Fund's GBP1 million investment, marks the first investment from this fund which recently announced its first close of GBP85 million, which included a cornerstone GBP50 million investment from the British Business Bank, an investment arm of the UK Government.

Other investors in the round, from the UK, USA, Ireland and the Netherlands, include:

-- TechStart Ventures - leading investor of seed capital across Scotland and Northern Ireland, following on from their 2019 pre-seed investment in RETìníZE

-- VGC Partners - London based investor building great companies at the intersection of physical and digital commerce

-- Clarendon/Co-fund NI - equity fund based in Northern Ireland that co-invest with business angels and private investors

   --    Lonely Horse Investments - investor association based in the Netherlands

-- Bertram van Munster & Elise Doganieri - multi Emmy award-winning producers behind the CBS hit show "the Amazing Race"

   --    Ben Morrow - Senior Product Manager, Adobe Aero (Adobe's AR creation tool)

The SVV Software Fund is a newly established venture capital fund, investing in a range of private UK software companies with a focus on companies in the Metaverse, Artificial Intelligence and Cybersecurity sectors. The fund is run by the same SVV team which has been highly successful in achieving several cash realisations from, and upward revaluations of, companies in the SVV portfolio.

Gareth Burchell Quote: "Really pleased with the first investment made by the SVV software fund and RETìníZE fits in perfectly with the strategy of the fund. This is creative technology at its best and the GBP1m seed round will allow the team to rollout their ground-breaking VR animation process on a global basis. The round brings with it a number of highly regarded co-investors, which I believe is testament to the experience, capability and skill that the team at RETìníZE possess".

Enquiries:

Sure Ventures PLC

Gareth Burchell

Director

0207 186 9951

Corporate Broker

Damon heath

Shard Capital

0207 186 9952

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCGIGDXDSBDGDL

(END) Dow Jones Newswires

March 16, 2022 04:46 ET (08:46 GMT)

Sure Ventures (LSE:SURE)
過去株価チャート
から 11 2024 まで 12 2024