Molten Ventures – A disciplined and data driven approach to exits

Molten Ventures is a leading venture capital (VC) firm investing in and developing disruptive, high-growth technology companies across Europe’s enterprise and SaaS, AI, deeptech and hardware, consumer technology and digital health sectors. It injects visionary companies with energy to help them transform and grow via capital, knowledge, experience and relationships. Molten’s aspiration is to support entrepreneurs who are inventing the future. Molten provides investors with access to an actively managed portfolio of high-potential companies and has a core portfolio that is made up of 17 companies, representing 61% of the gross portfolio value.

Investments and portfolio development remain central to Molten Ventures’ ongoing value creation

Molten is focused on both core and emerging portfolio development to ensure a strong, broad, and consistent pipeline of growth and realisations. Exit strategies for the portfolio vary. The portfolio team has instituted month-by-month tracking of each company’s exit readiness, coupled with a proactive ‘Stage 1’ programme of relationship building with likely acquirers. This advance work of building brand awareness, brokering distribution partners and integrating product technology into proven category winners, paves the way for ‘Stage 2’ when a formal sale process opens, as the buyers can already understand the strategic value on offer. The result is a materially higher probability of completion and a competitive tension that lifts pricing.

• Molten’s presence on public markets gives investors access to private high-growth tech startups.
• Molten’s evergreen model means it can hold on to outperformers longer than a typical VC fund.
• Molten can follow winners and concentrate capital where conviction is highest.
• Molten drives realisations to deliver liquidity and reinvest capital.
• Molten stands ready to capitalise on Europe’s next wave of innovation-driven growth.

FY25: significant realisations

• Total cash proceeds from portfolio realisations were £135 million (as at 31 March 2025) including significant realisations from M-Files, Endomag, Perkbox and Graphcore.
• A portion of this was deployed into investments totalling £73m, with £8m to admin expenses net of fee income, £10m of net finance expenses, and £17m to share buybacks.
• Realisations stand out not only for their scale but also for the calibre of the acquirers (see below).

Information has been sourced from Molten Ventures’ FY25 annual results as at 31 March 2025.

Register for upcoming presentations: Molten Ventures’ half year results (for the six months ended 30 September 2025).

A presentation for analysts and other registered investment professionals will be held at 09:30am GMT on Tuesday, 25 November 2025

Molten will also be hosting a presentation on Friday, 5 December 2025 at 10:30am GMT via the Investor Meet Company platform. The presentation is open to all existing and potential shareholders, with a live Q&A session. Questions can be submitted pre-event via the Investor Meet Company dashboard or at any time during the presentation.