SuperSeed Capital Limited Sale of Garvis
18 Setembro 2023 - 3:00AM
RNS Non-Regulatory
TIDMWWW
SuperSeed Capital Limited
18 September 2023
SUPERSEED CAPITAL LIMITED
("SuperSeed" or the "Company")
Sale of Garvis
SuperSeed Capital Limited (AQSE:WWW, "SuperSeed"), a company
established as a venture capital fund of funds for investments in
early-stage artificial intelligence and software companies, is
pleased to announce SuperSeed II LP ("Fund II") has concluded the
sale of Garvis, a visionary SaaS startup that combines large
language model technology (as known from ChatGPT) with AI-native
demand forecasting.
Garvis has shown remarkable progress since Fund II's initial
investment in September 2022. Over the past year, the company has
further developed its cutting-edge solutions in the field of
artificial intelligence and data analytics, garnering recognition
for its industry-disruptive products and services. As a result,
Garvis' revenue grew rapidly over the investment period, leading to
strong valuation increase and a triple digit IRR on sale of the
company. We believe that this strategic move will allow both
SuperSeed and Garvis to unlock new opportunities for growth and
innovation.
The sale of Garvis illustrates SuperSeed's continued ability to
realise value for shareholders through investments in exceptional,
high-growth SaaS companies. As stated in the Q2 results , and
following Fund II's sale of Techsembly in June which achieved an
IRR on investment in excess of 40%, SuperSeed is well-positioned
for continued NAV per share growth for the remainder of the
financial year and beyond.
Mads Jensen, Managing Partner of the Investment Manager
commented:
"This has been a terrific investment for Fund II and it has been
a pleasure working with Garvis's management team. We wish them
every success moving forward. The sale of Garvis and Techsembly
validate our investment strategy of backing great founders leading
exceptional businesses operating at the technological frontier of
computing, and we are confident of creating much more value for
shareholders moving forward.
"SuperSeed remains steadfast in its commitment to delivering
value to our investors and supporting the growth of promising
startups. We look forward to sharing more exciting developments as
we continue to explore new investment opportunities and
partnerships."
For more information, please contact:
SuperSeed Capital Limited +44(0) 203 405 3060
Mads Jensen, Investment Manager
VSA Capital - AQSE Corporate Adviser and
Broker +44(0) 203 005 5000
Corporate Finance: Richard Kauffer / Alex
Cabral
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