Sure Valley Ventures To Invest in 15 Software Companies
The founder-led Venture Capital firm Sure Valley Ventures plans to invest into 15 software companies from across the Republic of Ireland through its new fund of €30 million that could rise to €50 million.
Sure Valley Ventures invests in high growth AI software companies in sectors such as Enterprise, Immersive Technologies and Cybersecurity.
This fund includes a cornerstone €15 million investment from Enterprise Ireland (EI) through its Seed and Venture Capital Scheme (2019-2024), which aims to increase the supply of equity capital to high-potential, early-stage Irish companies.
Sure Valley Ventures Managing Partner and Co-Founder, Barry Downes, said, “We are seeing exciting innovation clusters developing around Artificial Intelligence across the regions and are therefore thrilled to partner with Enterprise Ireland and additional investors on this new €30 million Irish software fund. As entrepreneurs and founders ourselves, we understand the challenges that start-ups face for funding, particularly in the current economic climate, however we believe it is still a great time for software founders to build a business in Ireland with lots of opportunities available. With our regional presence in Waterford and strong track record in Ireland, we are well positioned to find innovative new companies across the country and through our Platform offering and strong adviser network, help them scale and grow in international markets.”
Leo Clancy, CEO of Enterprise Ireland said: “Sure Valley is an excellent partner for Enterprise Ireland and we are delighted to support this fund. Based in Waterford, Sure Valley has a deep understanding of the developing tech ecosystem in Ireland, and in particular how regional clusters are supporting new enterprise and innovative. We look forward to the fund tapping into that wealth of creativity to support the next generation of innovative tech entrepreneurs throughout Ireland.”