Molten Ventures is a London-based venture capital (VC) firm that invests in the European technology sector. It has a portfolio of c 70 investee companies and includes a range of funds (seed, EIS and VCT) within the group, as well as its flagship balance sheet VC fund.

After a strong run in 2021, the technology sector faces a challenging macroeconomic environment triggering market rotation towards value and out of growth (impacting valuations of listed high-growth tech companies). Moreover, VC deal activity slowed down recently, with Q322 European VC deal value down 36.1% q-o-q (the lowest level since Q420) and European exit value down 81.7% q-o-q (though remaining strong in the software sector this year), according to PitchBook. At the same time, the market downturn is likely to create opportunities for long-term investors.