Molten Ventures
 | |
| Formerly |
|
|---|---|
| Company type | Public limited company |
| Industry | Venture capital |
| Founded | 2006 |
| Founder | Stuart Chapman |
| Headquarters | London,United Kingdom[1] |
Key people | Karen Slatford (Chairman), Martin Davis (CEO), Stuart Chapman (Chief Portfolio Officer), Ben Wilkinson (CFO)[2] |
| Products | Venture capital,growth capital |
| Revenue |  £(217.4) million (2023)[3] |
| £(241.3) million (2023)[3] | |
| £(243.4) million (2023)[3] | |
| Owner | |
| Website | moltenventures |
Molten Ventures,formerlyDraper Esprit,is aventure capitalfirm,investingin high growthtechnologycompanies with global ambitions, with offices inLondon,CambridgeandDublin.It is listed on theLondon Stock Exchangeand is a constituent of theFTSE 250 Index.
History
[edit]Founded in 2006 as Esprit Capital, the company was renamed Draper Esprit in 2015 after joiningSilicon ValleyinvestorTim Draperand the Draper Venture Network.[4]
In June 2016, Draper Esprit was the subject of aninitial public offeringon theLondon Stock Exchange.[5]It moved to the main market in July 2021 becoming the largest technology-related venture capital company to be publicly listed.[6]
In November 2021, Draper Esprit rebranded to Molten Ventures.[7]
In April 2022, Molten Ventures joined The Venture Capital Trust Association (VCTA).[8]
In November 2023, Molten Ventures acquired Forward Partners for £41.4 million.[9]
Investments
[edit]Investments have included companies such asCrowdcube,[10]Endomag,[11]Freetrade,[12]Graphcore,[13]Revolut[13]andTrustpilot.[14]
References
[edit]- ^"Draper Esprit backs Aircall in £10m deal".UK Business Angels Association.Retrieved23 January2020.
- ^"Venture capitalist firm Draper Esprit has managerial reshuffle".City A.M.Retrieved23 January2020.
- ^abc"Annual Report 2023"(PDF).Molten Ventures.Retrieved18 February2024.
- ^"Tim Draper doubles down on Europe".Tech Crunch.3 July 2015.Retrieved25 August2021.
- ^"Want to get into tech investing? VC firm Draper Esprit has just gone public".CNBC.15 June 2016.Retrieved25 August2021.
- ^"Draper Esprit floats to become largest tech VC on London's main market".City AM.23 July 2021.Retrieved25 August2021.
- ^"Draper Esprit cuts the legacy name apron strings to rebrand as Molten Ventures".TechCrunch.9 November 2021.Retrieved9 November2021.
- ^"Pembroke VCT and Molten Ventures VCT join VCTA".www.privateequitywire.co.uk.2022-04-28.Retrieved2022-05-17.
- ^"Molten snaps up Forward Partners in £41m London tech deal".Yahoo Finance.2023-11-27.Retrieved2023-11-27.
- ^"Draper Esprit leads £8.5 million investment in Crowdcube".FN Extra.7 November 2018.Retrieved25 August2021.
- ^"UK medtech startup Endomag raises £15 million to scale its non-invasive approach to breast cancer".Tech.eu.30 November 2020.Retrieved18 November2021.
- ^"London-based Fintech Freetrade Raises €13.4 Million via Series A Investment Round, Receives Funding from First Capital Investor".Crowdfund Insider.5 November 2019.Retrieved25 August2021.
- ^abSandle, Paul (2 November 2022)."VC firm Molten Ventures cuts portfolio value after tech sell-off".Reuters.
- ^"Trustpilot IPO could provide big bucks exit for seed backer Draper Esprit".Shares Magazine.8 November 2018.Retrieved25 August2021.
External links
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