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Sure Ventures Directorate Change

Sure Ventures plc, a London listed venture capital fund which invests in early-stage software companies across a range of high-tech verticals including Augmented Reality (‘AR’) and Virtual Reality (‘VR’), Artificial Intelligence (‘AI’), and the Internet of Things (‘IoT’), announces that Mr Chris Broody has resigned from his position as Non-Executive Director.  This is due to his current commitments to a global technology business that has restricted the time available to focus on his responsibilities as a Non-Executive Director.

Chris has served as Non-Executive Director to the Company from its IPO on the London Stock Exchange and his knowledge of the technology space and extensive business experience has been valuable in that period.  The Board of Directors extends their gratitude to the time and effort Chris has given Sure Ventures.

The Company is pleased to welcome St.John Agnew to the board as a Non-Executive Director.  St.John is a trained lawyer and qualified investment manager and has served as a trustee to a charity in addition to holding Non-Executive roles.

Immotion Group plc sign exclusive free-roaming content deal with Survios

Immotion Group, the UK-based immersive virtual reality (“VR”) ‘Out of Home’ entertainment group, is pleased to announce an exclusive agreement with Survios, the MGM backed VR studio, for the installation of their hit VR experience, ‘Raw Data’ into Immotion’s new VR arena product.

The partnership with Survios, will see the launch of the Company’s new themed VR Arena, a four person free-roaming experience, exclusively featuring the global number one interactive VR game ‘Raw Data’. The Immotion VR Arena is 4m x 4m themed multi-player enclosure, allowing upto four players to participate in a fun interactive VR shooting experience.

Survios, backed by MGM, is a leading VR studio based in California, USA.  It has signed an exclusive three-year deal with Immotion for the use of Survios’ multi-player experiences in Immotion’s new arena format.

Immotion will be able to sell, or partner with clients globally, excluding Asia, for the roll out of Survios experiences on Immotion’s VR Arena.

Survios recently completed a Series C funding round led by MGM Studios, bringing its funding to over $50m. As part of the deal, MGM Chairman and CEO, Gary Barber joined the board of Survios.

‘Raw Data’, an interactive science fiction-themed first-person shooter game has gained many accolades, including being the first consumer VR game to reach $1m in monthly sales. This exclusive deal sees Raw Data offered as a multi-player VR arena version for the very first time in the ‘out of home’ market.

Customers will be able to battle against each other in a virtual sci-fi world. This exciting game will be launched in partnership with a number of leading leisure operators in early July 2019.

Martin Higginson, Immotion Group CEO said: “I am thrilled to be partnering with such a great company as Survios. We have been working on our VR Arena for some months, and to have exclusivity on such an iconic game as ‘Raw Data’ is a major coup for Immotion, further underpinning our position as global leaders in the ‘out of home’ VR market.

We continue to focus on growing our partnership model with high footfall edutainment and leisure partners.  We provide our partners with new exciting attractions that complement their offerings and generate valuable ancillary revenue for them, whilst building recurring revenues for Immotion.  We believe this is a highly scalable model with global potential.

We look forward to announcing partnerships with major destinations for the launch of our VR Arena in the coming weeks.

Survios CEO, Seth Gerson said: “We’re teaming up with Immotion to bring ‘Raw Data Arena’ to a new level with this bespoke arena experience.

‘Raw Data’, an interactive science fiction-themed first-person shooter game has gained many accolades, including being the first consumer VR game to reach $1m in its first month of sales. This exclusive deal sees Raw Data offered as a multiplayer VR arena version for the very first time in the ‘out of home’ market.

Customers will be able to battle against each other in a virtual sci-fi world. This exciting game will be launched in partnership with a number of leading leisure operators in early July 2019″


 For further information please visit www.immotion.co.uk, or contact:

Immotion GroupMartin HigginsonTel: +44 (0) 161 235 8505
WH Ireland Limited (Nomad and Joint Broker)Adrian HaddenJessica Cave Tel: +44 (0) 207 220 1666
Newgate Communications (Financial PR)Elisabeth CowellRobin TozerTom Carnegie Tel: +44 (0) 20 3757 6880Immotion@newgatecomms.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. END

Sure Ventures plc – Placing

Sure Ventures plc (“the Company”) is pleased to announce that it has raised gross proceeds of £292,999.68 by way of a private placing.  The Ordinary Shares have been issued at £0.96 each, which after the costs and expenses of the issue represents a premium to the last published NAV per share of 83.03p per share.

Application has been made in respect of 305,208 Ordinary Shares to be admitted to trading on the Specialist Funds Segment of the Main Market of London Stock Exchange plc (“Admission”).  Admission will become effective and dealings in the Ordinary Shares will commence at 8:00 a.m. (London time) on Monday 10 June 2019.

Following Admission, the Company will have 4,869,956 Ordinary Shares in issue. The total number of voting rights of the Company will be 4,869,956. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.  

For further information, please contact:

Issuer   Sure Ventures plc Gareth Burchell 0207 186 9900
  Placing Agent   Shard Capital Damon Heath 0207 186 9900

Suir Valley Ventures Investment in Environmental Monitoring Group, Ambisense

Suir Valley Ventures, the entrepreneur-led venture capital fund launched in partnership with Shard Capital Partners LLP to invest in early stage software companies across a range of high-tech verticals, is pleased to announce its participation alongside Atlantic Bridge, in a €1.1 million investment round for Ambisense Ltd, the Internet of Things (IoT) and Artificial Intelligence (AI) environmental analytics company. The round was also supported by Enterprise Ireland and a number of private investors.


  • Invested as part of €1.1 million investment round led by Atlantic Bridge
  • Ambisense’s Ambilytics™ platform optimises the delivery of environmental risk assessment on some of the world’s largest infrastructure & industrial projects
  • Tailored service encompasses IoT and AI solutions

Suir Valley Ventures Managing Partner, Barry Downes, said, “We are delighted to support Ambisense in this fundraise as it looks to build on its position as a leading innovator within the environmental space.   Its technology stack, encompassing both IoT and AI, is increasingly a necessity for infrastructure and industrial clients worldwide, which is why it can boast a rapidly growing international client base.    This is an exciting time for Ambisense and we look forward to being part of its journey.”

Ambisense CEO, Stephen McNulty, said, “We are delighted to have secured the support of Suir Valley as we look to continue our mission to optimise environmental risk assessment. The Suir Valley team has significant experience founding, funding and growing a number of highly innovative successful businesses; we are keen to onboard and utilise this to help us grow Ambisense into a globally recognised company, using technology to solve the world’s most pressing environmental problems.” We are also grateful for the ongoing support of our existing investors, including Enterprise Ireland who have supported the business from day one and been instrumental in our success to date.

University Bridge Fund Partner, Dr Chris Horn, said, “Atlantic Bridge is very pleased to have Suir Valley Ventures join us to add further momentum to Ambisense’s emerging leadership in environmental management and risk assessment.   The Green Agenda is now mainstream, and combines financial opportunity with critical benefits to society and to the economy at large.  Suir Valley is not only bringing investment capital but also valuable industry contacts to add to our own global network of partners.”

Founded in 2014, Ambisense’s Ambilytics™ platform optimises the delivery of environmental risk assessment on some of the world’s largest infrastructure projects across industrial, Oil & Gas and Waste Management verticals, partnering with global multinationals such as CEMEX, SGS & Arcadis. Ambilytics™ encompasses both IoT and AI solutions, combining information from remotely deployed field devices with contextual data sources such as weather, satellite, geophysical and operational data to build machine learning models. These models identify the relationships, patterns, and drivers hidden within the data and allow customers to forecast and predict the behaviour of targeted environmental pollutants.

It is estimated that the costs of climate change will stand at $500bn annually by the end of the 21st century.  To meet the growing demand for cost-effective bespoke applications to mitigate this and other types of environmental risks, Ambisense has developed a toolkit to enable customers to build fully customisable, web-enabled instruments to acquire and analyse the data required quickly and cost-effectively.  Each element can be tailored to different needs whether a client wants to measure gas, air or water quality or anything in between.  Ultimately, it can help to:

  • Reduce monitoring costs by minimising time to site
  • Obtain live and continuous information from remote sites
  • Continuously monitor and troubleshoot problem locations
  • Understand and minimise environmental risk
  • Build useful datasets quickly and cost effectively to analyse problems
  • Build predictive models for environmental processes

Ambisense began life as an Irish EPA STRIVE funded project developed in the National Centre for Sensor Research (NCSR) in Dublin City University, one of the largest and most successful research institutions of its kind in the world with annual income of €100M and 250 multi-disciplinary researchers working on novel sensing techniques for a variety of applications.

For further information, please visit https://suirvalleyventures.com/ or contact:

Simon HughesSuir Valley Ventures+44 (0) 20 7186 9918
Isabel de SalisMelissa HancockSt Brides Partners (Financial PR)+44 (0) 20 7236 1177

Notes to Editors

Suir Valley Ventures is an entrepreneur led venture capital fund that invests in early stage software companies. It specialises in investing in Augmented and Virtual Reality (‘AR’/‘VR’), Financial Technology (‘FinTech’), Artificial Intelligence (‘AI’) and the Internet of Things (‘IoT’) sectors.  Suir Valley Ventures works in partnership with Shard Capital, which is a London based independent financial services company offering a full range of broking, asset management and corporate capital services.   Investments include:

About Atlantic Bridge:

Atlantic Bridge is a Global Growth Technology Firm which invests in high growth technology companies and accelerates the scale up of these companies by applying its proprietary Bridge Model into the US, Middle East and Chinese markets. The Firm has investment teams, offices and extensive networks in Dublin, London, Palo Alto, Munich and Beijing.  Atlantic Bridge invests in early stage companies through the €60m University Bridge Fund which backs companies built from world-class research undertaken by Irish third level universities and research institutions in high growth and disruptive sectors such as Artificial Intelligence, Computer Visioning, Robotics, Machine Learning, Enterprise Software and IoT.  Irish portfolio companies include Aylien (https://aylien.com/), Danalto (https://www.danalto.com/), Data Chemist (https://www.datachemist.com/) and Siren (https://siren.io/technology/)

Ambisense Limited:

Website: https://ambisense.net/

Contact: Stephen McNulty, CEO: stephen.mcnulty@ambisense.net