Pires Investments plc (AIM: PIRI), the investment company focused on next-generation technology, is pleased to announce that Nicholas Lee, Director of Pires Investments plc, and Barry Downes, Managing Partner of Sure Valley Ventures (“SVV”), have recorded a broadcast interview with Share Talk.
Nicholas Lee, Director of Pires Investments plc (AIM: PIRI) and Barry Downes, Managing Partner of Sure Valley Ventures, discuss Pires’ investment strategy, its portfolio companies and why they believe the next generation technology sector in which Pires is invested is poised for significant growth.
Through its c. 13% interest in SVV, Pires is building an investment portfolio of high-tech businesses across areas such as Artificial Intelligence (“AI”), Internet of Things (“IoT”), Cyber Security, Machine Learning, Augmented Reality and Virtual Reality (“AR/VR”) and Big Data.
The interview follows the recent announcement that Buymie, the artificial intelligence-based same-day grocery delivery company that sits within the SVV portfolio, has raised €5.8 million to enable its rapid expansion in the UK and Ireland.
Pires has a circa 13% interest in SVV. SVV is a venture capital fund focused on investing in the software technology sector with a specific focus on artificial intelligence, the internet of things and augmented and virtual reality.
Peter Redmond, Chairman commented:
“We are delighted that Buymie has raised €5.8 million to help fund the expansion of its activities. It is also particularly pleasing to see the significant increase in Buymie’s valuation compared to the valuation at the time of SVV’s initial investment in April 2020. We look forward to following Buymie’s progress over the coming months.”
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