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, formerly Draper Esprit, is a venture capital firm, investing in high growth technology companies with global ambitions, with offices in London, Cambridge and Dublin. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
[edit]Founded in 2006 as Esprit Capital, the company was renamed Draper Esprit in 2015 after joining Silicon Valley investor Tim Draper and the Draper Venture Network.[4]
In June 2016, Draper Esprit was the subject of an initial public offering on the London 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 as Crowdcube,[10] Endomag,[11] Freetrade,[12] Graphcore,[13] Revolut[13] and Trustpilot.[14]
References
[edit]- ^ "Draper Esprit backs Aircall in £10m deal". UK Business Angels Association. Retrieved 23 January 2020.
- ^ "Venture capitalist firm Draper Esprit has managerial reshuffle". City A.M. Retrieved 23 January 2020.
- ^ a b c "Annual Report 2023" (PDF). Molten Ventures. Retrieved 18 February 2024.
- ^ "Tim Draper doubles down on Europe". Tech Crunch. 3 July 2015. Retrieved 25 August 2021.
- ^ "Want to get into tech investing? VC firm Draper Esprit has just gone public". CNBC. 15 June 2016. Retrieved 25 August 2021.
- ^ "Draper Esprit floats to become largest tech VC on London's main market". City AM. 23 July 2021. Retrieved 25 August 2021.
- ^ "Draper Esprit cuts the legacy name apron strings to rebrand as Molten Ventures". TechCrunch. 9 November 2021. Retrieved 9 November 2021.
- ^ "Pembroke VCT and Molten Ventures VCT join VCTA". www.privateequitywire.co.uk. 2022-04-28. Retrieved 2022-05-17.
- ^ "Molten snaps up Forward Partners in £41m London tech deal". Yahoo Finance. 2023-11-27. Retrieved 2023-11-27.
- ^ "Draper Esprit leads £8.5 million investment in Crowdcube". FN Extra. 7 November 2018. Retrieved 25 August 2021.
- ^ "UK medtech startup Endomag raises £15 million to scale its non-invasive approach to breast cancer". Tech.eu. 30 November 2020. Retrieved 18 November 2021.
- ^ "London-based Fintech Freetrade Raises €13.4 Million via Series A Investment Round, Receives Funding from First Capital Investor". Crowdfund Insider. 5 November 2019. Retrieved 25 August 2021.
- ^ a b Sandle, 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. Retrieved 25 August 2021.
