REG - Sure Ventures PLC - Q3 NAV and portfolio update

Sure VenturesAnnouncement

16/12/2025 07:00

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RNS Number : 5635L  Sure Ventures PLC  16 December 2025

Sure Ventures PLC

 

Q3 2025 NAV Calculation and portfolio update

 

Sure Ventures PLC ("Sure Ventures" or "The Company") is a London listed
venture capital fund which invests in early-stage software companies in the
rapidly growing technology areas of Artificial Intelligence (AI), Augmented
Reality ('AR'), Virtual Reality ('VR') and the Internet of Things ('IoT'). We
are pleased to provide an update on the Company's investment portfolio.

SURE VALLEY VENTURES FUND (ICAV)

Sure Ventures made a €7million commitment to Sure Valley Ventures Fund
('Sure Valley') representing an interest in Sure Valley ICAV of
approximately 25.9%. This commitment was made at a price of €1.00 per
share. The current NAV of the Sure Valley Ventures ICAV as of Q3 2025
is €2.43022, which has increased by 0.176% from its NAV as at Q2 2025 and
the fund is fully invested. The change was due to FX move on the fund
positions.

SURE VALLEY VENTURES ENTERPRISE CAPITAL FUND (ECF)

Sure Ventures PLC has a £5m commitment and owns approximately 6% of the
overall fund. The investment period is still at an early stage, with only
circa 27.35% of this commitment funded so far. The current NAV stands at
£0.69305, an increase of 0.79% during the period, in which the portfolio has
grown and now comprises of consists of 14 Companies at the quarter end.

Sure Valley Ventures Fund (ICAV)

Updates on some of the notable ICAV portfolio company's below:

Zenos Technology (Formerly Virtex)

The company's main application is the Virtex Stadium where users can
experience the Esports events they create and host. Users will be able to
download the application in the main PC VR app stores: Oculus and Steam and
use it with their VR headset of choice (e.g Oculus Quest 2, Valve Index).

 

In the future  the company plans to provide a 2D version of the application
as well as port to PSVR and mobile/Oculus Quest. Zenos's alpha prototype is
currently accessible through the Oculus platform, preview program, with
tethered headsets. The beta launch version focuses on Oculus and Steam
platform, as well as tethered headsets. This allows Virtex to create the
strongest visual showcases needed to convince the major Esports organisers.

 

In July Zenos publicly showcased its streaming service integration with League
of Legends

as the example which generated over 100k views and over 10k positive likes and
comments

within hours, proving end user appetite.

 

WIA Technologies

 

WIA https://www.wia.io/ is an Internet of Things (IoT) company with a
ground-breaking cloud

platform https://www.wia.io/product, enabling developers to turn any type of
sensor device into a secure, smart and useful application in a matter of
minutes. This generates considerable time and cost savings for teams who would
have previously had to spend many months on 100,000's of lines of code to try
to build out their own IoT cloud infrastructure. Wia has successfully agreed
and extension of multi-million euro major energy monitoring project from 14
countries to 32 countries across the globe.

 

 

CameraMatics

 

CameraMatics is a disruptive technology for Fleet and Driver Risk Management.
The

CameraMatics SaaS-based full-stack platform is a modular software platform
based on camera technology, Vision Systems, AI, Machine Learning and
Telematics, combined with Fleet Safety modules that help fleet operators to
drive new safety standards across their fleet and drivers.

 

The company is making excellent progress with revenue growth both in the UK,
Europe, and in the US. With two major contracts won and Sure Ventures PLC
invested £200K in September 2025 in a syndicated loan to assist with working
capital requirements presented by the major contract wins.

 

 

Sure Valley Ventures Enterprise Capital Fund (ECF)

One new Investment closed in the 3(rd) quarter, which is detailed below. We
now have exposure to 14 investments via the Enterprise Capital Fund, and the
pipeline continues to remain strong with a further 3-4 (?) deals to be
concluded during Q4:

CompliMind AI

CompliMind builds an AI-native compliance assistant for the built environment,
helping NHS and infrastructure teams search, write, and review documents 35%
faster using domain-specific agents. With paid pilots across 7 NHS Trusts,
they are expanding to Canada and South Africa, and estimate converting this
traction into £1.3m ARR by end-2026.

 

By reducing reliance on manual search and external consultants, CompliMind
helps NHS teams save time, reduce risk, and address the £11.6bn backlog in
hospital maintenance. While the initial focus is healthcare, the core tech is
extensible to other regulated infrastructure sectors such as airports,
universities, and energy.

 

Inephany Ltd

 

Inephany is a UK-based deep tech company founded by Dr. John Torr. Dr. Torr
(CEO) is a former ML Research Engineer at Apple with a PhD in NLP and academic
background from Cambridge and Edinburgh.

 

Inephany has developed a software solution that applies Multi-Agent
reinforcement Learning

at the layer level during neural network training. The technology is designed
to significantly improve training efficiency, reduce compute costs, and lower
carbon emissions across large AI models such as LLMs and CNNs, and is
compatible with existing ML frameworks. The long-term goal is to establish
Inephany as a critical layer in AI infrastructure for cost-effective and
sustainable model training.

 

JAID

 

Jaid is AI software company that provides service (AIaaS) solutions to
businesses to automate a variety of use cases, including client service
automation, sales automation, payment exception processing, and claims
administration processing.

 

Jaid have now added £900k in ARR over the last 12 months, taking them to
£1.3m ARR currently, signing some major "Blue chip" companies in the
financial industry. JAID are partnering and building strong imbedded
relationships, that provide AI efficient, process led solutions.

 

 

 

SURE Ventures PLC NAV Calculation

The NAV of Sure Ventures PLC is 170p (or £1.70), which is up 0.8% from last
quarter. This increase is due to FX rate change on positions within the
underlying fund. The current share price of 65p, represents a 61.76% discount
to the NAV:

 

Gareth Burchell-Director Comments

"The NAV has largely maintained its position in Q3 2025 as we continue to see
the deployment of capital in the Enterprise Capital Fund and await exits or
potential returns from the Sure Valley Ventures ICAV fund.

The progress made by CameraMatics led to a small investment into a syndicated
loan to assist with the major sales traction the Company has made. With both
Wia and Zenos showing positive progress in Q3.

The pace at which Artificial Intelligence (AI) is being adopted by businesses
all over the globe, is being demonstrated across all major sectors, and
businesses such as Complimind, Inephany and JAID are at the forefront of that
adoption with real solutions, creating efficiencies, for real business
problems."

For further information, please visit www.sureventuresplc.com or contact:

Gareth Burchell

Sure Ventures plc

+44 (0) 20 7186 9918

 

 

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