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Molten Ventures [2023]
Finance and Risk Capital
Impact for scaleups
41
UK companies backed
44%
Follow-on investments
39%
Investment outside of London
37
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. Notable scaleups which it has supported include microchip design firm Graphcore, blockchain security firm Ledger, and the fintechs Thought Machine and Form3.
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 its financial year to March 2023, it made £138m of investments from its balance sheet and a further £48m from EIS/VCT funds. £112m in primary investments, compared to £128m in the previous year.
