REG - Sure Ventures PLC - RETìníZE Investment

Sure VenturesAnnouncement

16/03/2022 09:00

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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 £2 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 £1 million investment, marks
the first investment from this fund which recently announced its first close
of £85 million, which included a cornerstone £50 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 £1m 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

 

 

 

 

 

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