REG - Mindflair PLC - Company and investment portfolio update

MindflairAnnouncement

10/06/2025 07:00

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RNS Number : 0899M  Mindflair PLC  10 June 2025

10 June 2025

Mindflair plc

("Mindflair" or the "Company")

Company and investment portfolio update

Mindflair plc, the company investing in next-generation technology focused on
AI, is pleased to provide a summary of recent developments.

On 10 March 2025, the Company announced that it had realised £2.6 million
from its direct and indirect investment interests in Visibility Blockchain
Limited ("Getvisibility"), as a result of the sale of this company to
Forcepoint. These funds were subsequently received and have partially been
used to repay the remaining outstanding principal and accrued interest on the
series of loan notes which the Company had originally issued in December
2022.

In terms of investment portfolio developments, Sure Valley Ventures ("SVV"),
has recently made two further investments in exciting AI focused companies:

·      Momntum AI: SVV's third fund, SVV3, has participated in a €1
million seed round for Momntum AI, a pioneering Customer Relationship Platform
powered by its proprietary Relationship Language Model ("RLM"). Co-led by SVV
and ACT Venture Capital, this investment will support the further development
of Momntum's AI infrastructure and the expansion of its omnichannel
capabilities. Early indicators show strong traction with an AI success rate
exceeding 85% and impressive ROI figures from early clients such as Sisu
Clinic and ACTION24.

·      Literal Labs: SVV's second fund, SVV2, has participated in the
£4.6 million pre-seed funding round for Literal Labs-a Newcastle-based AI
company led by former ARM VP Noel Hurley. Literal Labs is developing a new
generation of logic-based AI models that are aiming to be significantly
faster, more energy efficient and more explainable than conventional neural
networks. The new funding will be used to expand its engineering team and
accelerate the commercial launch of its first product, targeting applications
where performance, energy efficiency, and explainability are critical, such as
Edge AI and battery-powered devices.

Nicholas Lee, Director of Mindflair said:

"Mindflair is in a good financial position and has demonstrated its ability to
generate significant returns from its investments.  It is well placed to
continue to implement its investment strategy which includes investing in
exciting AI focused companies with attractive growth potential as illustrated
by the two latest investments made."

The Directors of the Company are responsible for the release of this
announcement. The person who arranged for the release of this information is
Nicholas Lee, a director of the Company.

 

Enquiries:

 

 Mindflair plc                       Tel: +44 (0) 20 3368 8961

 Nicholas Lee, Director

 Nominated Adviser                   Tel: +44 (0) 20 7213 0880

 Cairn Financial Advisers LLP

 Liam Murray / Ludovico Lazzaretti
 Joint Broker                        Tel: +44 (0) 20 7186 9950

 Shard Capital Partners LLP

 Damon Heath

 Joint Broker                        Tel: +44 (0) 20 7469 0935

 Peterhouse Capital Limited          Tel: +44 (0) 20 7469 0936

 Duncan Vasey/Lucy Williams

 

Notes to Editors

Mindflair plc (AIM: MFAI) is an investment company providing investors with
access to a portfolio of next generation technology businesses focused on AI
with significant growth potential. The Company is building an investment
portfolio of high-tech businesses focused on Artificial Intelligence, across
such areas as Internet of Things, Cyber Security, Machine Learning, Immersive
Technologies and Big Data, which the Board believes demonstrate evidence of
traction and the potential for exponential growth, due to increasing global
demand for development in these sectors. For further information, visit:
http://www.mindflair.tech/.

Sure Valley Ventures (www.surevalleyventures.com) ("SVV") is a venture capital
firm that invests in early-stage AI software companies in the UK and Ireland.
Investing in AI since the firm's inception in 2017, SVV has a strong track
record of accelerating the growth of private AI companies through to Series A
and beyond. SVV3 is backed by enterprise Ireland, investing in cutting edge AI
software startups across Ireland.

Momntum AI (www.momntum.ai (http://www.momntum.ai/) ) is transforming
customer relationships through a fully integrated AI platform. Its proprietary
Relationship Language Model powers personalised service across multiple
channels and languages. The company's pay-per-solve model is driving
exceptional results, offering scalable AI solutions to customer-focused
businesses across sectors.

Literal Labs (www.literal-labs.ai) is an AI algorithm company using
logic-based techniques to build energy-efficient, fast, and explainable AI
models. Founded by experts in logic-based AI from Newcastle University and led
by ex-Arm executive Noel Hurley, the company aims to redefine machine learning
for a more sustainable and transparent future.

 

 

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