Sure Ventures Plc (GB:SURE) has released an update.
Sure Ventures plc, a venture capital firm focusing on early-stage technology companies, reported a net asset value (NAV) total return per share of -31.12% for the year ended 31 March 2024, largely due to the liquidation of two investee companies and a down round in another. Despite the challenging investment landscape, the company remains optimistic about the performance of its remaining portfolio, particularly in AI, AR/VR, IoT, and cybersecurity sectors, with potential for significant valuation uplifts. Sure Ventures plc continues to raise funds successfully, even in tough market conditions, and is actively pursuing exits for key investments in the near future.
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