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Molten Ventures
Finance and Risk Capital
Impact for scaleups
45
UK companies backed
38%
Follow-on investments
33%
Investment outside of London
27
Growth-stage investments
Key sectors
Molten Ventures invests in venture and growth-stage companies based in Europe. Founded in 2006 as Draper Esprit, it has offices in London, Dublin and Cambridge and invests primarily in four sectors: consumer technology, enterprise technology, hardware and electronics, and digital health and wellness.
The firm invests in disruptive, high-growth technology companies. It says that it looks for the brightest thinkers with the best teams in tech, and backs them for the long term.
Between January 2018 and June 2025, they have invested in 45 UK companies through 72 fundraisings. These businesses had on average £180m turnover and 410 employees.
Molten Ventures has been a consistent investor in scaleups. In 2023, it invested in DNA synthesis company Evonetix by participating in a £19.4 million funding round, and in the legal tech firm Apperio through a £5.75 million raise.
The firm is listed on the Main Market of the London Stock Exchange with a secondary listing on Euronext Dublin. The firm says that this demonstrates how “publicly listed venture capital is a powerful force for supporting entrepreneurs on their own long-term journeys to outsized success” and that its “public listing and multi-fund model enable us to provide entrepreneurs with backing across their companies’ life cycles, fuelling the best businesses for longer.”
Molten Ventures (LSE: GROW) has spent 2025 focused on returning capital to shareholders and making strategic UK-based investments. The firm’s estimated Net Asset Value (NAV) per share rose by 7.2% to approximately 719p as of September 30, 2025, with its share repurchase programme contributing 13p to that uplift. Molten committed an additional £10 million to its share buyback program to help narrow the discount between its share price and NAV, having already repurchased £38 million in shares since July 2024. Regarding investments, Molten co-led a $16 million Series A funding round in London-headquartered brand advocacy platform Duel in September 2025. It also led a $10 million Series A extension round in October 2025 for General Index (GX), a London-based energy price benchmark provider. These deals reflect Molten’s continued focus on its core sectors, including Enterprise & SaaS and AI, Deeptech & Hardware.
