CameraMatics, an artificial intelligence-powered fleet intelligence platform and portfolio company of Sure Valley Ventures’ first fund, secured up to €49 million in new funding from a consortium led by Blume Equity, Ireland Strategic Investment Fund, and Goodbody Capital Partners. The financing will support international expansion and continued investment in AI-driven safety and sustainability technologies.
As part of the transaction, Mindflair, which holds an interest in the Sure Valley Ventures fund, will receive approximately €600,000 in cash while maintaining exposure to CameraMatics’ future growth. The proceeds include €280,000 from the partial realization of the venture fund’s investment and €320,000 from the repayment of a working capital facility that Mindflair helped provide in 2025, generating a 78% cash return on that additional investment.
CameraMatics provides AI-based video intelligence, advanced driver assistance systems, and real-time analytics to help transport fleet operators improve safety, reduce operational risks, and lower carbon emissions. The company now serves nearly 1,000 fleet customers and operates across the United Kingdom, Ireland, mainland Europe, and the United States, with more than 150 employees worldwide.
Recent contract wins include Royal Mail, Calor Gas, Wolseley, XPO, and DFDS, while in the United States the company has expanded through deployments with Installed Building Products. The company has experienced strong momentum in the enterprise fleet market, where demand for AI-powered safety and compliance solutions continues to increase.
The new capital will be used to accelerate go-to-market initiatives, strengthen enterprise sales and customer success teams, invest in AI and sustainability-focused product development, and support further expansion throughout North America and mainland Europe.
For Mindflair, the transaction represents the sixth cash realization from the Sure Valley Ventures fund and follows the sale of Getvisibility in April 2025, which generated €2.6 million in proceeds.
KEY QUOTES:
“This is another excellent result for Mindflair which enables the Company to achieve a further significant cash realisation whilst still retaining an investment in an exciting company on a growth trajectory with new funding of up to €49 million. This also highlights the potential value within Mindflair’s portfolio and the potential for further substantial returns from our underlying investments.”
Nicholas Lee, Director, Mindflair plc
