RE: IR value is up 3-4x over 2024. So 2024 NAV = 2.05p, 2025 around 4-6p?9 Jul 2025 07:31
Nope, cash burn is tiny here and now debts clared with £1.8m left after paying off CLN.
If I was to guess could see something like 800k-£1m into Sure Valley to increase % massively before the IR exit and retaining the rest.
The GV cash has been part used to increase our % in the first Sure Valley fund.
Guess what sits in the first fund?
The first Sure Valley Ventures fund ("SVV1") has an equity shareholding in iR as a result of iR's acquisition of SVV1's portfolio company Landvault in July 2024, in a US$450 million all-share transaction. At the time of the acquisition, SVV1 had a 7% shareholding in Landvault. iR's publicly declared valuation at that time, following a US$350 million fund raising, was US$5.1 billion.
iR now $15.5b public value, which Nick says in that interview is very conservative.
Now when the iR cash comes in and remember Sure Valley is looking to exit some of it shortly, as per their RNS Mindflair will now gain a bigger % and thus £££.
Sure Valley
Infinite Reality Labs (Formerly LandVault)
The ICAV invested into Admix in 2018, at the time the company was an advertising platform for metaverse (e.g. AR/VR/Games/esports). The company was based in London and led by Samuel Huber as CEO, Joe Bachle-Morris as COO and Mark Rich as CTO.
In July 2024 the company announced that they had accepted an offer of $450m from Infinite Reality (iR) Labs. The offer is a share-for-share transaction and Infinite Reality gave an intention to list on Nasdaq. The reported valuation of Infinite Reality was $5.1BN, which was underpinned by a new fundraise of $350m at the same time as the acquisition.
Infinite Reality has since completed further funding round's and the latest public valuation stands at $12.25bn dollars. The AIFM team are looking at methods to exit some of its stake and will keep the market informed as to its progress.
Now over $15.5b and soon over $20b
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