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Sure Ventures pleased with progress of tech investments this year

“We are especially pleased with the successful IPO of our first direct investment, Immotion PLC, that came to fruition just a short few months after cash deployment”

virtual reality
Sure is eyeing further investments in the tech space

Sure Ventures PLC (LON:SURE) has said it is pleased with the progress made by its portfolio of tech investments so far this year.

The venture capital fund joined AIM in January and has poured money into various augmented reality (AR), virtual reality (VR), and Internet of Things (IoT) companies, both directly and through its Suir Valley Ventures Fund.

WATCH: Sure Ventures invests $500k into 'leading VR/AR monetisation platform' Admix

Among its investments is VR Education Holdings Plc (LON:VRE), Dublin-based VR games studio WarDucks and VR content maker Immotion PLC (LON:IMM).

Also in its portfolio is Artomatix, NDRC Arc Labs, ProVision and IoT services provider Wia.

“We are extremely pleased with the progress our fund has made thus far Suir Valley Ventures has built a well-balanced portfolio with exposure to several exciting and rapidly growing companies,” said director Gareth Burchell.

“Our investments have grown at a healthy rate which we believe provides an encouraging outlook for further investments in our chosen sectors.”

“We are especially pleased with the successful IPO of our first direct investment, Immotion PLC, that came to fruition just a short few months after cash deployment.”

“I look forward to providing further updates as further investments are made by Sure Ventures directly and by Suir Valley Ventures Fund and the current investee companies continue to develop.”

Quick facts: Sure Ventures

Price: 97.5 GBX

LSE:SURE
Market: LSE
Market Cap: £4.99 m
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