TLDR
Key Points:
- Superseed Capital, a venture capital fund, invested almost half a million pounds in the last three months.
- The fund expects to make one to three investments on a quarterly basis throughout the year.
In its results for the first quarter of 2024, Superseed Capital, a venture capital fund focusing on early-stage AI and software as a service companies, revealed that it invested nearly half a million pounds. The trust’s net asset value per share increased by 5p, reaching £1.16 per share. Revenue growth in software as a service holdings remained strong at about 50 per cent on an annualized basis. Despite being listed on the Aquis Stock Exchange, the company saw no share price movement in the past nine months and currently sits on a 19 per cent discount to its underlying assets.
Superseed added a new company, Messium, to its holdings, which is an agricultural tech business utilizing satellite imagery and machine learning algorithms to optimize fertilizer use on wheat. The fund also made additional investments in existing holdings of Freightcore, Octaipipe, and Finteum. Looking ahead, Superseed Capital expects to make one to three investments on a quarterly basis for the remainder of the year.
Managing partner Mads Jensen noted that the fund had a positive start in 2024, with a new investment in Messium and progress across the wider portfolio. Jensen also discussed the current investment climate, pointing out the volatility in the market and the need to focus on smaller companies rather than the US tech giants. He highlighted the rebound in the venture capital space in recent months.
This article sheds light on the importance of AI and software as a service companies in the venture capital space, showcasing Superseed Capital’s strategic investments and growth in its portfolio.
