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Sure Ventures creating an impressive, valuable hi-tech portfolio

Snapshot

  • Invests in cutting-edge technology such as VR, AR and IoT
  • Does so directly and via a partner fund 
  • Recent exit delivered a ' a five-times cash on cash return' in just 14 months
Sure Ventures -

Quick facts: Sure Ventures

Price: 92.5 GBX

LSE:SURE
Market: LSE
Market Cap: £4.95 m
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We have constructed a portfolio that has a potential that we believe is far greater than the current mark to market valuation used in our NAV calculation and we look forward to updating the market on the progress of not only our current portfolio, but further investment opportunities being progressed in our pipeline of deals

Gareth Burchell, director

About Sure Ventures PLC (LON:SURE)

Sure is a venture capital fund that invests in early stage software companies.

It is focused on rapidly-growing technology areas of augmented reality, virtual reality, the internet of things and artificial intelligence in fintech.

Sure Valley Ventures Fund

Sure Ventures has invested €7mln in Sure Valley Ventures Fund, giving in a near 26% stake. The fund, in turn, holds stakes in the following:

VR Education Holdings (http://immersivevreducation.com)

VRE is a developer of virtual reality (VR) software and immersive experiences with a focus on education and enterprise learning and development. Its main platform is the Engage VR that enables educators to develop VR education experiences and enterprises to develop corporate learning and development VR simulations. The company has released five major products to date and has recently signed a commercial agreement with Deutsche Telecom for the launch of a 5G VR device.

WarDucks (www.warducks.com)

Founded by former Facebook employee, Nikki Lannen, WarDucks creates augmented and virtual reality games. The company has six bestselling titles under its belt, the latest two of which were Top Ten on PlayStation VR. It completed ‘Series A’ round for just under €3.3mln. Sure Valley followed on to maintain its percentage. Lannen and her team received high public praise from Apple boss Tim Cook who said: "WarDucks set out to create a game with fun, engaging and colourful characters and they nailed it."

Wia (www.wia.io)

WIA is an internet of things (IoT) cloud platform enabling developers to turn any type of sensor device into a secure, smart and useful application in a matter of minutes.

ProVision (www.provisioncameramatics.com)

Provision is focused on ‘cameramatics solutions’ for commercial fleets. Its products allow fleet managers to reduce risk, increase driver safety and comply with growing governance and compliance regulations. It is currently meeting investors ahead of a ‘Series A’ round.

NDRC Arc Labs (http://www.arclabs.ie)

The [email protected] investment was structured as a subscription as a limited partner to the Accelerator. The purpose of the Accelerator is to source and develop 30 start-ups over two years that Sure Valley has the right to invest in. The Accelerator is running three calls for 10 start-ups over two years in areas that are related to the fund's investment strategy. The Accelerator is seen as being “a source of proprietary deal flow”.

Artomatix (https://artomatix.com)

Artomatix has been sold in a deal representing a five-times cash on cash return in just 14 months.

Nova Leah

Nova Leah provides cybersecurity for connected medical devices and is focused on IoT. It sells to medical device manufacturers, typically in Boston and the west coast of the US.

Admix Ltd

Admix has developed a supply-side platform (SSP), which enables developers to monetise their content by creating, managing and selling advertising inventory. Being an SSP, Admix is a broker that sells developers (think WarDucks) inventory programmatically at scale.

VividQ Ltd

VividQ is a ‘deep tech’ software company expert in 3D holography: the next-generation display technology. Holography has long been considered the ultimate display technology.

Ambisence

Ambisense's Ambilytics platform optimises the delivery of environmental risk assessment on some of the world's largest infrastructure projects across the industrial, oil & gas and waste management sectors. It has partnered with global multinationals such as CEMEX, SGS and Arcadis.

Sure Ventures direct investments

Immotion PLC

This is a UK based company that creates its own high-quality VR content and enhances the immersive experience by coupling this content with motion simulation.

VividQ

In addition to the Sure Valley Ventures stake of £500,000, SV has also made a direct investment of the same quantum. Sure describes the technology as “exciting”, believing it potentially changes the way that people view content in 3D.

Here’s what the director says…

Gareth Burchell told investors: "We remain pleased and positive about the progress made by the AIFM this quarter. The sale of Artomatix has demonstrated the potential for value creation in our chosen investment areas and a five-times cash on cash return in such a short space of time was very pleasing indeed.

“We have constructed a portfolio that has a potential that we believe is far greater than the current mark to market valuation used in our NAV calculation and we look forward to updating the market on the progress of not only our current portfolio but further investment opportunities being progressed in our pipeline of deals."

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