We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Pires Investments Plc | LSE:PIRI | London | Ordinary Share | GB00BD07SH45 | ORD 0.25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.95 | 0.90 | 1.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Finance Services | 420k | -366k | -0.0020 | -475.00 | 173.81M |
TIDMPIRI
Pires Investments PLC
31 March 2023
31 March 2023
Pires Investments plc
("Pires" or the "Company")
LandVault raises additional $3 million in growth funding
Pires Investments plc (AIM: PIRI), the investment company focused on next generation technology, is pleased to provide an update on its investment in Sure Valley Ventures Fund 1 ("SVV1") in relation to LandVault, a company within the SVV1 portfolio.
LandVault, a large metaverse builder, has successfully raised an additional $3 million after extending its Series B funding round. This strategic funding from web3 investors including The Sandbox, The Gemini Frontier Fund, HodICo and hedge fund Kingsway Capital, follows on from the company's $25 million Series B fundraise in October 2021.
The proceeds of this fundraise are expected to be used to expand the growth of the company's commercial operations across Dubai, Europe, Asia and the USA, allowing more brands and organizations access to the metaverse. LandVault is also currently building a protocol, Matera, to make the metaverse experience more accessible, and this additional funding will further support the research and design needed to create this. Finally, the funds will allow LandVault to further invest in innovative technologies, such as AI-powered tools to fast-track the monetization and creation of immersive virtual experiences.
Pires has a combined direct and indirect interest of circa 20% in SVV1, an AI-focused venture capital fund which helps software companies grow and scale their businesses in order to have global impact.
Nicholas Lee, Director of Pires, commented:
"We are pleased that LandVault has raised additional funding to continue to develop its vision to accelerate the metaverse economy using AI technology.
"This is a good example of the progress that is being made by the companies within the SVV1 portfolio."
Sam Huber, CEO of LandVault, commented:
"Our vision has always been to accelerate the metaverse economy, and the advancement of AI technology is helping us fast-track our roadmap. The metaverse needs a 'WordPress moment' for anyone to build virtual experiences as easily as a website, and we are investing heavily in R&D to build these tools."
Sebastien Borget, COO and Co-Founder of The Sandbox, commented:
"LandVault has established itself in just a year as one of the most active metaverse builders. We are pleased to support them further on this journey as they continue to develop their activities and technology to inspire many other creators of the metaverse."
Enquiries:
Pires Investments plc Tel: +44 (0) 20 3368 8961 Nicholas Lee, Director Broker Tel: +44 (0) 20 7469 0935 Peterhouse Capital Limited Tel: +44 (0) 20 7469 0936 Duncan Vasey/Lucy Williams Financial media and PR Tel: +44 (0) 20 3004 9512 Yellow Jersey Sarah Hollins Annabelle Wills Jazmine Clemens
Notes to Editors
About Pires Investments plc
Pires Investments plc (AIM: PIRI) is an investment company providing investors with access to a portfolio of next generation technology businesses with significant growth potential.
The Company is building an investment portfolio of high-tech businesses with a focus on Artificial Intelligence, across areas such as Internet of Things, Cyber Security, Machine Learning, Immersive Technologies and Big Data, which the Board believes demonstrate evidence of traction and the potential for exponential growth, due to increasing global demand for development in these sectors.
For further information, visit: https://piresinvestments.com/
About LandVault
LandVault is the largest metaverse builder with over 100 million square feet of virtual real estate, more than 120 full-time creators, and nearly 300 completed projects. We've been helping brands build and grow in gaming environments since 2017 and the metaverse since 2021.
LandVault's platform-agnostic proprietary technology and creative powerhouse builds and delivers tailored, data-driven, and optimized business solutions and insights. We help clients launch, optimize, and monetize metaverse experiences.
LandVault's mission is to accelerate the metaverse economy through technology with a vision of a fairer wealth distribution across the web.
For further information, visit: https://landvault.io
Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained in this announcement is of a non-regulatory nature. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on RNS Reach.
This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
NRAZZGFFVGRGFZM
(END) Dow Jones Newswires
March 31, 2023 02:00 ET (06:00 GMT)
1 Year Pires Investments Chart |
1 Month Pires Investments Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions