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Sure Ventures PLC - London-based venture capital fund which invests in early-stage software companies in the rapidly growing areas of augmented reality, virtual reality, internet of things and artificial intelligence - Makes EUR7 million commitment to Sure Valley Ventures Fund, representing an interest of 26%. Sure Valley has several investments across the AI, AR, VR and IoT sectors, the company says.
Net asset value per share of Sure Ventures at March 31 was 119.99 pence, down from 120.33p at December 31. "Despite the challenging market conditions, our portfolio companies have been performing well overall and the quarterly NAV was materially unchanged," says Sure Ventures.
Current stock price: 95.25 pence
12-month change: down 11%
By Heather Rydings, Alliance News senior economics reporter
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