Sure Ventures makes €4.5m investment into Suir Valley Ventures

(Sharecast News) - London-listed venture capitalist fund Sure Ventures told shareholders on Friday that it had made a €4.5m commitment to Suir Valley.Sure said the firm's "well-balanced portfolio" with exposure to several "exciting and rapidly growing companies" across the fintech, AR, VR and IoT sectors had provided it with "an encouraging outlook".Elsewhere, Sure revealed it had made a direct investment of £500,000 into VR outfit Immotion.Immotion floated on AIM back in July, at a price that represented "a notable uplift" in the value of Sure's original investment.Chief executive Gareth Burchell, said: "We are especially pleased with the successful IPO of our first direct investment, Immotion PLC, that came to fruition just a short few months after cash deployment.""I look forward to providing further updates as further investments are made by Sure Ventures directly and by Suir Valley Ventures Fund and the current investee companies continue to develop."Sure shares had slipped 0.98% to 101.50p.