Sparks - Molten Ventures

Molten Ventures has announced a further partial realisation of its holding in Revolut, generating proceeds of c £63m. This brings total proceeds from the Revolut investment to c £120m, representing a multiple on invested capital of approximately 20x. Molten retains a remaining stake in Revolut valued at c £110m based on its anticipated 31 March 2026 year-end valuation.

The transaction also contributes to a broader milestone, with total realisation proceeds now exceeding £300m since 1 April 2024. As reported in the full year trading update on 27 April 2026, Revolut was among the key contributors to the 11% increase in gross portfolio value to c £1,520m as at 31 March 2026, alongside strong performance from ICEYE, Ledger and Riverlane.

CEO Ben Wilkinson framed the sale as consistent with Molten’s active portfolio management approach, with the released capital earmarked for deployment into an ‘exciting pipeline’ of near-term investment opportunities. Molten’s ongoing share buyback programme runs alongside this deployment activity, forming part of a NAV-accretive capital allocation strategy aimed at generating shareholder returns through new investments, secondary opportunities and buybacks.

Full year results, including audited portfolio valuations, are scheduled for release on 9 June 2026.