Thursday June 4, 2020

The Downes dozen: Sure boss will back 12 Irish firms with €1m each

Millionaire mobile app entrepreneur sees ‘massive’ investment opportunity in augmented reality and internet of things technology

22nd July, 2018
founded Sure Ventures with the proceeds of the sale of software firm FeedHenry

The venture firm started by Barry Downes, whose software firm FeedHenry sold for €60 million, is to ramp up deal flow with over a dozen investments this year.

Sure Ventures plans to invest around €1 million in each of the mainly Irish firms it is investing in which are focused on augmented reality, virtual reality and the internet of things.

“The opportunity we see in these areas is massive,” Downes said. “We’ve met with some...

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