Retinize secures £1.6 million investment

Sure Ventures PLC

Retinize secures £1.6 million investment with

joint backing from QUBIS and Innovation Ulster

RETìníZE Limited ("Retinize"), a portfolio company of Sure Valley Ventures UK Software Technology Fund ("SVV2"), regarding the successful completion of a £1.6 million investment round. Furthermore, this investment took place at a higher valuation compared to the company's value at the time of SVV2's initial investment.

This funding round was supported by QUBIS, the commercialisation arm of Queen's University Belfast, and Innovation Ulster, the investment vehicle of Ulster University. Retinize, a pioneering creative technology software company based in Northern Ireland, has secured this investment to further develop its flagship product, a next-generation immersive technology solution aimed at transforming the creative industries. The round also included follow-on investments from Sure Valley Ventures, Techstart Ventures and Co-Fund NI with additional backing from angel investors.

Gareth Burchell, Sure Ventures Director Comment:

"Great to see QUBIS and Innovation Ulster back the Investment round and the progress made by Retinize in the creative technology space. Their technology has the ability to significantly reduce the cost of content creation, and the team have fantastic experience in the space. This funding round will give them the cash needed to continue their development."

Enquiries:

Sure Ventures PLC

Gareth Burchell Tel: 0207 186 9951