Sure Ventures PLC VividQ announces GBP11m seed extension round (8202D)
01 Julio 2021 - 02:58AM
UK Regulatory
TIDMSURE
RNS Number : 8202D
Sure Ventures PLC
01 July 2021
1(st) July 2021
Sure Ventures PLC
VividQ announces GBP11 million seed extension round
Sure Ventures PLC 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).
Sure Ventures PLC has a both a direct investment of GBP500K and
25.9% exposure to Sure Valley Ventures holding in VividQ and
represents its largest investment by weighting.
Deep technology company VividQ has announced this morning a seed
extension round of GBP11 million, which will be used to scale the
team, expand in Asia Pacific US and further product development.
This product development includes HoloLCD, which turns
consumer-grade screens into holographic displays. This new
investment round has taken place at a significantly higher
valuation compared to the valuation at which the initial investment
was made by Sure valley Ventures and Sure Ventures PLC.
The Cambridge head-quartered business is powering the display
revolution with Computer-Generated Holography and has secured over
GBP17 million in funding to date. Its technology is used in the
development of next-generation digital displays and devices by
manufacturers in the US, China and Japan.
The latest investment was led by UTokyo IPC, the venture
investment arm for the University of Tokyo, who are joined by
Foresight Williams Technology (a joint collaboration between
Foresight Group and Williams Advanced Engineering), Japanese Miyako
Capital, Austrian APEX Ventures, and Silicon Valley's R42 Group.
Previous investors University of Tokyo Edge Capital, Sure Valley
Ventures, and Essex Innovations also participated.
Founded in 2017, VividQ has made cutting-edge developments that
achieve real-time Computer-Generated Holography with high image
quality, at low power. The company collaborates with key providers
to bring this technology to everyday applications. VividQ has
worked with Arm, demonstrating mobile holographic display for the
first time, and other partners include Compound Photonics, Himax
Technologies, and iView Displays.
The funding round will further advance the adoption of VividQ's
solutions for Computer-Generated Holography across three
applications; in automotive head-up displays ("HUD"), augmented
reality ("AR") wearables, and bringing holography to consumer
electronics, with holographic LCD screens.
Gareth Burchell (Director Comment) :
" VividQ has an amazing team of founders, that really are
developing a cutting edge technology that may well transform how we
view digital content in the future. Holography is a field that used
to generate images of Sc-Fi films or superhero movies, but as a
technology it is developing at a pace that will make such imaging a
reality. The type of Institutional investors that have supported
the round validates the deep technology at play here and the
partners that the company are working with are truly global leaders
in various Industries. Congratulations to VividQ on what really is
excellent news for Sure ventures shareholders"
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
MSCEAXXFESSFEEA
(END) Dow Jones Newswires
July 01, 2021 03:58 ET (07:58 GMT)
Sure Ventures (LSE:SURE)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
Sure Ventures (LSE:SURE)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024