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Molten Ventures [2024]
Finance and Risk Capital
Impact for scaleups
43
UK companies backed
41%
Follow-on investments
33%
Investment outside of London
39
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 20217 and July 2024, they have invested in 43 UK companies through 73 fundraisings. These businesses had on average £165m turnover and 424 employees. Notable scaleups in their portfolio include DNA synthesis firm Evonetix, legal tech company Apperio, and cloud computing platform Hadean.
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.”
In 2024, Molten Ventures continued its strong performance as a leading European venture capital firm, with a £1.38 billion Gross Portfolio Value as of March 31, 2024, showing a slight increase from £1.37 billion in the previous year. Over the fiscal year, Molten invested £65 million, including a strategic acquisition of Forward Partners through a share-for-share exchange. Molten also completed notable exits, including Perkbox, Endomag, and Graphcore, generating a total of £124 million in realisation proceeds, surpassing their annual realisation target.
