4th Jun 2025 14:34
(Alliance News) - SuperSeed Capital Ltd on Wednesday maintained the outlook for its portfolio was "robust" despite a decline in net asset value during the first-quarter.
The London-based and Guernsey, Channel Islands-domiciled venture capital fund invests in early-stage AI and software-as-a-service companies. To-date, the company's principal investment is in SuperSeed II LP, and investments are made primarily through funds managed by SuperSeed Ventures LLP.
SuperSeed's net asset value per share at March 31 was 125.05 pence, down from 125.44p at December 31. Fair value on investments rose to GBP3.2 million from GBP3.1 million during the first-quarter.
Sales growth for portfolio companies was slower than the previous quarter, rising only 4% compared with a 14% rise in the final quarter of 2024. Still, SuperSeed said this represented 44% growth year-on-year. Total value to paid-in reached 1.26x, with a 17% net internal rate of return and distributed to paid-in capital estimated at 0.2x.
The firm reported new investments totalling GBP332,219 in the three-month period, during which it added The firm added to its stable three companies - Atlian Ltd, Biographica Ltd and Bench AI Solutions Ltd. Atlian uses artificial intelligence to advise on insurance for the construction industry. Biographica is a data analytics platform which identifies preferred ways of altering plant genetics for agricultural purposes. Bench is an AI-focused aerospace and engineering tool.
SuperSeed expects "continued strong investment activity" in the second-quarter, and anticipates between four and six new investments before shifting focus to its next fund, SuperSeed III.
The firm expects to benefit from "newfound collaboration between the UK, Germany, and France", leading to greater "competitive urgency" in the AI sector, and is planning "larger initial checks to help UK companies compete with better-capitalised US rivals".
"The Fund's pipeline remains robust with particular strength in manufacturing, energy, and supply chain applications," SuperSeed said.
Managing Partner Mads Jensen added: "Despite continued macro uncertainty, not least from US trade policy, AI continues to be a dominant theme of transformation across enterprise, growth companies, the public sector and every other part of society. This positions SuperSeed Capital well in the current market, and we continue to be positive on the prospects for 2025 and beyond."
SuperSeed shares were last quoted at 75.00 pence each on the Aquis Stock Exchange.
By Holly Munks, Alliance News reporter
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