Molten Ventures Plc
("Molten", the "Group" or the "Company")
Investment Update
Molten (LSE: GROW, Euronext Dublin: GRW), a leading venture capital firm investing in and developing high growth digital technology businesses, today announces that following the closing of an externally led round in a portfolio company which is yet to be disclosed, the fair value of Molten's holding has increased by £76m based on the value of the round.
The increase in fair value supports the previously announced year-end guidance of fair value growth in the region of 35%.
-ENDS -
Enquiries:
| Molten Ventures plc Martin Davis (Chief Executive Officer) Ben Wilkinson (Chief Financial Officer) | +44 (0)20 7931 8800 |
| Numis Securities Joint Financial Adviser and Corporate Broker Simon Willis Richard Thomas Jamie Loughborough | +44 (0)20 7260 1000 |
| Goodbody Stockbrokers Joint Financial Adviser and Corporate Broker, Euronext Dublin Sponsor Don Harrington Charlotte Craigie Linda Clarke | +44 (0) 20 3841 6202 |
| Powerscourt Public relations Robin O'Kelly Jane Glover | +44 (0)7786 702 526 / +44 (0)7713 246 126 |
About Molten Ventures
Molten Ventures (LSE: GROW, Euronext Dublin: GRW) is one of the most active venture capital firms in Europe, developing and investing in disruptive, high growth technology companies. We believe it is our role to support the visionary entrepreneurs who will invent the future. We fuel their growth with our 'energy' in the form of long-term capital, access to international networks and decades of experience building businesses.
As at 30 September 2021, Molten Ventures is a shareholder in a diverse portfolio of 70+ companies with 17 of those part of our core portfolio which accounts for 68% of our holdings. Our core companies include Trustpilot, Graphcore, Revolut, Ledger, and Aiven. We invest across four sectors: Consumer Technology, Enterprise Technology, Hardware and Deeptech, and Digital Health and Wellness, with highly experienced partners constantly looking for new opportunities in each. We look for high-growth companies operating in new markets, with a serious potential for global expansion, strong IP, powerful technology, and management teams to deliver success. We also look for businesses with the potential to generate strong margins to ensure rapid, sustainable growth in substantial addressable markets.
Molten Ventures provides an opportunity for public market investors to access these fast-growing tech businesses, without having to commit to long term investments with limited liquidity. Since turning public in June 2016, we have deployed over £700m capital the portfolio and have realised over £380m to 30 September 2021.
For more information, go to: https://www.moltenventures.com/
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