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Sure Ventures raises £3.3m from stock exchange listing

The venture capital fund, which focuses on early-stage fintech, VR and IoT companies, is now trading on the London Stock Exchange.

Sure Ventures Plc, a venture capital fund managed by Shard Capital, is listing on the London Stock Exchange as part of a £3.3m float.

The company will use the funds raised to invest in early stage software companies primarily in its core markets of VR, IoT and fintech.

Director Gareth Burchell said: "Raising £3.3m is both a measure of the demand by investors for exposure to technologies that are set to change how we lead our everyday lives both at home and in the workplace, and also an endorsement of the board and management team's ability to execute its strategy. 

“The team has a proven record of value creation by investing in early stage technology companies.  We are looking to replicate this success on the public markets with SURE, and in the process, offer investors the opportunity to gain early stage exposure to pioneering companies with winning technologies.”

He added: "The markets we are targeting in the technology sector are fast approaching what we believe are growth inflexion points. In the case of VR, as the number of headset units sold increases so too does demand for quality content and applications from a growing ecosystem of software, support and content providers. 

“FinTech is already an established market but is set to grow further thanks to secular drivers such as financial regulation, cyber security and changing payment methods; while IoT, which enables devices to communicate with each other, is playing an ever-increasing role in both corporate and domestic life.

“Spotting tomorrow's technology winners early offers tremendous upside potential. With a board and management team skilled in identifying and investing in companies with game-changing technologies and a defined investment process in place, SURE is ideally positioned to deliver."