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SVV (Sure Valley Ventures)

SVV (Sure Valley Ventures)

Dublin, Ireland·Founded 2017··svv.ai

Suir Valley Ventures, trading as SVV (Sure Valley Ventures), is an entrepreneur-led early-stage venture capital firm founded in 2017 by Barry Downes that backs AI and software companies across the UK and Ireland in immersive technology, gaming, cybersecurity and IoT. Its core fund, the Sure Valley Ventures Fund, is a sub-fund of the Ireland-domiciled Suir Valley Funds ICAV; the LSE-listed Sure Ventures plc is a feeder vehicle that commits into the ICAV. The firm has since launched a GBP 95m UK Software Technology Fund (2022, backed by the British Business Bank ECF programme) and an Irish fund with a EUR 30m first close (2023, backed by Enterprise Ireland).

AUM
€27M
Funds
2
vintages 2017–2022
Portfolio
24
Exits
6

Key facts

HQDublin, Ireland
Founded2017
Websitesvv.ai

Recent exits

Nova Leah
Cybersecurity2026 · 8yr hold
GetVisibility
Cybersecurity2025 · 5yr hold
LandVault (Admix)
AdTech2024 · 6yr hold
Buymie
Buymie
E-commerce2023 · 3yr hold

Coverage notes

2 funds tracked, 30 portfolio companies (24 active · 6 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

30 companies
AI/ML
11 · 37%
Cybersecurity
4 · 13%
Deep Tech
3 · 10%
Fintech
2 · 7%
DevTools
2 · 7%
EdTech
2 · 7%
E-commerce
2 · 7%
Data & Analytics
1 · 3%

Funds & portfolio

Every fund SVV (Sure Valley Ventures) has raised, with its portfolio companies. Hand-checked from public filings.

2 funds
Sure Valley Ventures Fund IIVC
2022 · 4yr€113M19 active

Unrealized

19 held
AstutActive
AI/MLUK· Entry 2025
Audrey AIActive
FintechIreland· Entry 2026
Capably
CapablyActive
AI/MLUK· Entry 2025
Captur
CapturActive
AI/MLUK· Entry 2023
ElelemActive
Data & AnalyticsUK· Entry 2025
InephanyActive
AI/MLUK· Entry 2025
Ittybit
IttybitActive
DevToolsUK· Entry 2025
Jaid
JaidActive
AI/MLUK· Entry 2022
Jentic
JenticActive
DevToolsIreland· Entry 2025
Literal LabsActive
AI/MLUK· Entry 2025
ManaMindActive
GamingUK· Entry 2026
CybersecurityIreland· Entry 2025
OverpathActive
AI/MLIreland· Entry 2026
AI/MLUK· Entry 2024
RalioActive
FintechUK· Entry 2026
RetinizeActive
Deep TechUK· Entry 2022
StylusActive
EdTechUK· Entry 2024
Vizgard
VizgardActive
AI/MLUK· Entry 2025
Vortex IQ
Vortex IQActive
E-commerceUK· Entry 2024
Sure Valley Ventures FundVC
2017 · 9yr€27M5 active · 6 realized

Unrealized

5 held
CameraMatics
CameraMaticsActive
SoftwareIreland· Entry 2017
PreCog
PreCogActive
AI/MLUK· Entry 2021
Smarttech247
Smarttech247Active
CybersecurityIreland· Entry 2021
VividQ
VividQActive
Deep TechUK· Entry 2019
Volograms
VologramsActive
Deep TechIreland· Entry 2020

Realized

6 exits
ArtomatixExited 2019
AI/MLIreland· Entry 2018
Trade Saleto
Buymie
BuymieExited 2023
E-commerceIreland· Entry 2020
Trade Saleto
GetVisibilityExited 2025
CybersecurityIreland· Entry 2020
Trade Saleto
EdTechIreland· Entry 2017
IPO
LandVault (Admix)Exited 2024
AdTechUK· Entry 2018
Trade Saleto
Nova LeahExited 2026
CybersecurityIreland· Entry 2018
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About SVV (Sure Valley Ventures)

Sure Valley Ventures (brand SVV) is an entrepreneur-led venture capital firm dual-headquartered in London, United Kingdom and Dublin, Ireland with operating offices in Cambridge and a Manchester presence opened to access creative-technology clusters in the North of England. The firm was founded in 2017 by former software entrepreneurs turned investors. Sure Valley operates as an FCA-authorised manager (Shard Capital is the firm authorised AIFM partner in the UK), and the firm manages at least three distinct fund vehicles: Sure Valley Ventures Fund I (Ireland-focused 2018 vintage), a UK Software Technology Fund of GBP 95 million (first close at GBP 85 million announced March 2022, anchored by a GBP 50 million cornerstone from British Business Bank Enterprise Capital Funds programme), and a third Irish fund of €30 million first close (announced February 2023, targeting €50 million final close, anchored by a €15 million Enterprise Ireland commitment). Combined committed capital across the platform exceeds GBP 125 million (approximately €145 million) as of December 2024. Sure Ventures Plc (LSE-listed feeder) and Tern Plc are public limited-partner cornerstones in earlier vintages.

Investment thesis

Sure Valley Ventures pursues a seed and Series A strategy in software companies founded by technical entrepreneurs in the UK and Ireland. The fund targets AI software, immersive technologies (AR, VR, metaverse), Internet of Things and cybersecurity with a thesis grounded in deep tech meets applied AI. Geographic focus is the UK and Republic of Ireland, with Manchester, Cambridge, London and Dublin as the firm primary deal-flow nodes. Initial ticket sizes typically range from GBP 500,000 to GBP 3 million at seed, scaling to follow-on participation through Series A and B. The UK Software Fund explicitly plans to invest into approximately 25 software companies across its life. The limited partner base includes the British Business Bank (GBP 50 million ECF anchor on the UK fund), Enterprise Ireland (€15 million anchor on the Irish fund), Sure Ventures Plc and Tern Plc, alongside Women in Code, Tech Nation and private high-net-worth investors. Value creation rests on the founding partners operational experience as former software entrepreneurs, with portfolio support including go-to-market acceleration into US and European enterprise channels, technical recruitment and downstream M&A advisory.

Recent activity

Recent investments include Ralio in agentic payments and fintech (2026), Captur in visual AI and computer vision (2026), Literal Labs in AI software (2024), Jentic in AI software (2024), iHeartPsych in digital health AI (2024), PreCog in enterprise AI (2024) and Volograms in immersive and volumetric video (2023). Recent exits include Getvisibility in AI cybersecurity and data security (2025), Engage XR in immersive and metaverse software (2023), Artomatix in AI graphics (2019), Smarttech247 in cybersecurity (2022 AIM listing realisation) and Landvault in immersive and metaverse infrastructure (2023). The platform continues active deployment across UK and Ireland AI software, cybersecurity and immersive technology at the seed and Series A stages. Detailed buyer names and multiple data available on Pro at €29/month.

Investment team

Senior partners. Hand-checked from public filings and the firm's own site.

Barry Downes
Managing Partner

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Last updated August 2026 · Sourced from public filings · Report an issue