Sure Ventures PLC Ambisense Funding round (0122K)
27 Agosto 2021 - 3:00AM
UK Regulatory
TIDMSURE
RNS Number : 0122K
Sure Ventures PLC
27 August 2021
Sure Ventures plc ('Sure Ventures' or 'the Company')
Ambisense Funding round
Sure Ventures is 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). We are pleased to announce an update and funding round
completion of Ambisense, one of our portfolio companies via our
investment into Sure Valley Ventures (ICABV).
SURE VALLEY VENTURES FUND
Sure Ventures made a EUR7million commitment to Sure Valley
Ventures Fund ('Sure Valley') representing an interest in Sure
Valley of approximately 25.9%. This commitment was made at a price
of EUR1.00 per share.
Ambisense
Ambisense has successfully raised EUR3 million in a funding
round led by BGF, one of Ireland's leading growth capital
investors, and supported by existing investors, including SVV,
Atlantic Bridge and Enterprise Ireland. As part of the funding,
Mark Sykes of BGF has been appointed to Ambisense's Board and
Graham Love has joined as Non-Executive Chairman.
The company, founded in Dublin City University in 2014 and led
by founder Stephen McNulty, has operations in Dublin, the UK and
the Netherlands. Ambisense combines Artificial Intelligence with
reliable, field-deployable instruments that generate and analyse a
continuous flow of data, enabling the prediction of environmental
hazards before they occur. Its technology has already been
successfully used on some of the world's largest infrastructure
projects, and its newest product, AmbiAir, which monitors indoor
air quality, can be used to minimise Covid-19 risk by allowing for
the safe re-opening and operation of commercial offices, retail,
education and healthcare facilities.
The funds raised will accelerate Ambisense's ambition to create
healthier, safer environments by preventing environmental hazards
before they occur. Ambisense will continue R&D across its
products and focus on building its client base to meet rising
demand.
Gareth Burchell
"We would like to congratulate Stephen and the board of
Ambisence on securing the investment required to take the company
to its next stage of development. The sector was growing at a
significant pace prior to COVID 19, but has gathered in pace during
the pandemic. The ability to monitor air quality, to use the data
to prevent problems before they occur and the advancements in IOT
connectivity have created a market place full of opportunity for
Ambisense".
For further information, please visit www.sureventuresplc.com or
contact:
Gareth Burchell Sure Ventures plc +44 (0) 20 7186 9918
Notes to Editors
Sure Ventures plc listed on the London Stock Exchange in January
2018 giving retail investors access to an asset class that is
usually dominated by private venture capital funds. Sure Ventures
is focusing on companies in the UK, Republic of Ireland and other
European countries, making seed and series A investments in
companies with first rate management teams, products which benefit
from market validation with target revenue run rates of at least
GBP400,000 over the next 12 months. Website:
https://www.sureventuresplc.com/
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCPRMRTMTITMPB
(END) Dow Jones Newswires
August 27, 2021 04:00 ET (08:00 GMT)
Sure Ventures (LSE:SURE)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Sure Ventures (LSE:SURE)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024