RNS Number :1569B | Sure Ventures PLC | 06 October 2020

Sure Ventures plc (‘Sure Ventures’ or ‘the Company’)

Buymie partners with Dunnes Stores for same-day grocery delivery

Sure Ventures plc, a London listed venture capital fund which invests in early stage software companies in the rapidly growing technology areas of augmented reality (‘AR’), virtual reality (‘VR’), Internet of Things (‘IoT’) and Artificial Intelligence (AI). We are pleased to provide an update on one of its Investments held through its commitment in Sure Valley Ventures Fund (“SVV”).

Buymie has announced a new partnership with Dunnes Stores, Ireland’s second most popular grocery chain, which will allow customers to be able to order groceries from 24 stores in the greater Dublin area and in Cork city for same-day delivery. Under the partnership, customers will be able to book delivery slots for as little as one hour or up to seven days in advance.

To access the delivery service, customers can download the Buymie mobile app and, once registered, can select to shop for groceries within the Dunnes online grocery store. All customers have access to their own personal shopper who will let them know if items are out of stock and offer alternatives. Customers can also add a request for shoppers to look for items that they can’t find themselves on the app.

Online grocery sales have surged during the pandemic and are still rising despite the easing of lockdown restrictions. Sales grew by 121.7 per cent over the four weeks ending 19 September, according to Kantar, with new shoppers accounting for almost a quarter of the €133.6 million spent on online groceries in the previous 12 weeks.

Sure Ventures PLC has made a €7m commitment to SVV, representing an interest of 25.9% across the SVV investment portfolio, including the Sure Valley Ventures stake in Buymie.

Gareth Burchell: “This is another major development for Buymie and continued validation of the opportunity that presents itself. The differentiating qualities of the Buymie service are its “Store agnostic” model and its personalised service. The growth trajectory that Buymie find themselves on is very impressive.”

– Ends –

For further information, please visit www.sureventuresplc.com or contact:

Gareth Burchell	Sure Ventures plc	+44 (0) 20 7186 9918

Notes to Editors

Sure Ventures plc listed on the London Stock Exchange in January 2018 giving retail investors access to an asset class that is usually dominated by private venture capital funds. Sure Ventures is focusing on companies in the UK, Republic of Ireland and other European countries, making seed and series A investments in companies with first rate management teams, products which benefit from market validation with target revenue run rates of at least £400,000 over the next 12 months. Website: https://www.sureventuresplc.com/

Buymie Series A Funding Round

SURE VENTURES PLC | Released 07:00:09 15 June 2020 | RNS Number : 8908P | Sure Ventures PLC

Sure Ventures plc (‘Sure Ventures’ or ‘the Company’)

Buymie has just announced a new funding round to raise €5.8 million, led by a new investor, Wheatcroft Group, the food and agricultural arm of the Grosvenor Estate. This new funding has been raised at a valuation that represents a 204% increase to Buymie’s valuation at the time of SVV’s initial investment of €300,000 (made in March 2020). This funding round has also been supported by a number of existing investors, including SVV who is investing a further €620,000.

Over the last 18 months, Buymie has expanded dramatically to meet the increasing demand for grocery home delivery, a trend which has heightened during the Covid-19 pandemic. Buymie works closely with its retail partners, including Lidl and The Co-op, to help them provide a same-day delivery service to their customers, enabling them to compete with Amazon, which has significant ambitions to lead in same-day grocery delivery.

The business launched in the UK in May 2020, with The Co-op and other UK retailers, marking the company’s first expansion outside Ireland. The service is currently available in the Bristol metropolitan area. The funds recently raised will enable Buymie to continue rapid market expansion both in Ireland and in the UK, with 15 other cities currently being considered.

SURE VALLEY VENTURES FUND

Sure Ventures has a €7m million commitment to Sure Valley Ventures Fund representing an interest of approximately 25.9% of the underlying portfolio companies detailed in this announcement.

Gareth Burchell-Director Comment “We are very pleased to share this news with investors and to congratulate the Buymie team on landing both the deal with the Co-Op and for raising capital at a 204% premium to the seed round completed in March 2020. The COVID-19 environment has highlighted the demand for their service both from consumers and retailers alike. This cash will enable Buymie to continue to expand at what can only be described as a “rapid” pace. This is not just a COVID-19 story for us, we believe the consumer trend being displayed will be here to stay”.

ENDS

For further information, please visit www.sureventuresplc.com or contact:

Gareth Burchell	Sure Ventures plc	+44 (0) 20 7186 9918

Notes to Editors

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCDBGDLBBBDGGS

London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.