Venture INC boasts over PLN 8 mln of net profit in 2020
22:38
Venture capital fund listed on the WSE, Venture INC, achieved a net profit of PLN 8.1 million in 2020 and invested in five new companies last year.
“Thanks to well-thought-out investments in industries with potential, we generated nearly PLN 8.1 million of net profit. The pandemic, which initially seemed to be a challenge, resulted in a visible increase in interest in technologies, and as a result, an increase in the number of customers and revenues of companies in which we invested. The results often exceeded the assumed forecasts,” Jakub Sitarz, President of Venture INC, commented.
The fund decided to enter a completely new area of investment – gaming, through direct investments in Exit Plan Games, Pixel Perfect Dude and by signing an investment agreement with Movie Games, in the development of Pixel Crow. The fund also became involved in a company from the Software as a Service area: Primetric, and in the Direct to Consumer market, by investing in the dynamically developing Sundose. The company from Lublin, selling individualized dietary supplements, increased its sales more than seven times in 2020 and plans to expand abroad in 2021.
“Last year, we successfully made partial dividends, among others in Infermedica, and TimeCamp, in which the fund increased its involvement by another 9 percent paid the first dividend in history and we expect further dividends in the future. In total, we received almost PLN 5 million from the divestment,” Jakub Sitarz added.
(WBJ)
