SuperSeed Capital Ltd on Wednesday noted a positive investment climate for artificial intelligence, though its net asset value edged down.
The venture capital fund which backs early-stage technology companies said net asset value per share fell 2.8% to 113.68 pence each at September 30 from 116.94p at June 30.
‘October 2024 marked significant shifts in the technology and venture capital landscapes. Nvidia [Corp] continued its impressive ascent, but rising US interest rates presented fresh challenges. The US presidential election added another layer of complexity which influenced market sentiments and inflation expectations. Venture funding remained concentrated in artificial intelligence and business to-business software as a service, amid liquidity constraints and regulatory changes affecting mergers and acquisitions. Here we are examining these trends and their implications for venture capital investors as we approach year end,’ the firm said.
Looking ahead, the company noted continued strong activity, with several potential new portfolios lined up for investment.
Mads Jensen, managing partner of the investment manager, said: ‘The Fund has had a steady Q3 2024, and while there were no new investments until just after the quarter end, solid progress across the wider portfolio continued. The investment climate continues to be positive for early-stage business-to-business artificial intelligence/software as a service companies.’
SuperSeed Capital shares were last quoted at 77.50 pence each on Aquis in London.
Copyright 2024 Alliance News Ltd. All Rights Reserved.
