Key Takeaways
- • Sure Valley Ventures (SVV), a UK and Ireland-focused venture capital firm, has become a paying customer of Alludium's agentic platform for venture capital firms, moving from design partner to first enterprise customer, according to Catenai PLC.
- • Alludium has signed 4 additional design partners to its institutional programme, bringing the total to 8, with more potential partners in discussions.
- • Alludium will retire its general-purpose platform, launched publicly in March 2026, to direct all development and commercial resources to its institutional platform.
- • Venture capital is Alludium's first market, with plans to extend the platform to private equity and private credit over time.
Summary
Catenai PLC (AIM: CTAI), the AIM-quoted provider of technology and digital solutions, announced on 26 October 2026 an update on its investee company Alludium Ltd. Alludium advised Catenai that Sure Valley Ventures, a UK and Ireland-focused venture capital firm that had served as Alludium's design partner, has become a paying customer of Alludium's agentic platform for venture capital firms. According to the announcement, SVV's investment team now uses the platform on all of its live deals, and SVV's feedback helped shape the platform during development.
The update follows Catenai's half-year report of 30 September 2026, in which the company said Alludium had redirected new commercial activity toward institutional customers, with an initial focus on venture capital. Alludium continues to onboard institutional venture capital firms through its design partner programme and has signed four further design partners since its last update, bringing the total to eight. Additional potential partners are in discussions.
Alludium will soon retire the earlier general-purpose version of its platform, which launched publicly in March 2026, so that all development and commercial resources can be directed to the institutional platform. Venture capital is the first market, and Alludium intends over time to extend the platform to other institutional dealmaking, including private equity and private credit.
John Frizelle, Founder and CEO of Alludium, said the conversion was "the clearest signal we could ask for that the platform is valuable to venture firms for deal operations." John Farthing, Interim Chief Executive Officer of Catenai PLC, described SVV's conversion as Alludium's first enterprise customer and said the venture capital focus was building momentum.
The update follows Catenai's half-year report of 30 September 2026, in which the company said Alludium had redirected new commercial activity toward institutional customers, with an initial focus on venture capital. Alludium continues to onboard institutional venture capital firms through its design partner programme and has signed four further design partners since its last update, bringing the total to eight. Additional potential partners are in discussions.
Alludium will soon retire the earlier general-purpose version of its platform, which launched publicly in March 2026, so that all development and commercial resources can be directed to the institutional platform. Venture capital is the first market, and Alludium intends over time to extend the platform to other institutional dealmaking, including private equity and private credit.
John Frizelle, Founder and CEO of Alludium, said the conversion was "the clearest signal we could ask for that the platform is valuable to venture firms for deal operations." John Farthing, Interim Chief Executive Officer of Catenai PLC, described SVV's conversion as Alludium's first enterprise customer and said the venture capital focus was building momentum.
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