Molten Ventures (GROW) Achieves £175m Initial Close for Growth Fund Backed by £75m British Business Bank Commitment

Molten Ventures plc (LSE:GROW) GROW (LSE:GROW) , the London-listed venture capital firm, has secured the first close of its Molten Ventures Growth Fund at £175 million, featuring a £75 million cornerstone investment from the British Business Bank. Molten Ventures has committed the remaining £100 million, aiming for a total fund size of £350 million. This fund targets the late-stage capital gap in the UK and European tech sectors by providing dedicated institutional funding for Series B and later investment rounds. Key Points Molten Ventures plc (GROW) — Venture capital firm listed on the London Stock Exchange Molten Ventures Growth Fund first close at £175 million, including a £75 million cornerstone commitment from British Business Bank Molten Ventures has committed £100 million; final fund target set at £350 million Investors should watch for further third-party capital inflows and initial portfolio investments from the Growth Fund The Growth Fund builds on Molten's established Series B+ investment strategy, which boasts over 40 deals and more than £700 million invested in the past decade, delivering top-quartile returns. The fund will focus on high-growth technology companies across sectors such as Space, AI, Fintech, Quantum, Deeptech, and Hardware, providing capital to businesses transitioning from early growth to later-stage scale-up phases. Molten manages over £2 billion in assets across its group and has deployed upwards of £1 billion since 2016, generating over £800 million in proceeds. British Business Bank's £75m Investment Highlights Long-Term Partnership Since 2018 The British Business Bank, the UK government's economic development bank, acts as cornerstone investor with a £75 million commitment. The Bank has been invested in Molten's listed platform since 2018 and has co-invested alongside Molten in UK tech firms including SatVu, IMU Biosciences, Thought Machine, and Paragraf. Robert Greenwood, Senior Director of Funds at British Business Bank, stated this commitment aligns with the Bank's strategy to deepen late-stage capital pools for breakthrough technologies and support UK tech investors in launching new growth funds. Growth Fund Enhances Molten's Third-Party Capital Strategy Alongside Molten Secondaries This Growth Fund marks a strategic initiative by Molten to expand scale through additional third-party capital, complementing its existing listed platform and Molten Secondaries business. CEO Ben Wilkinson noted the fund provides increased capacity to support high-conviction companies at Series B and beyond, enabling larger ownership stakes. Molten identifies the Series B+ stage as a critical funding gap in the UK and European markets, where adequate growth capital for technology firms aiming for global leadership remains limited. Molten's Two-Decade Track Record and £2bn AUM Reinforce Growth Fund's Institutional Appeal With a 20-year history focused on disruptive, high-growth tech companies across Europe and the UK, Molten Ventures offers public market investors access to a diversified portfolio of private technology businesses via its London Stock Exchange listing. This public vehicle platform and governance structure distinguishes the Growth Fund, providing private institutional investors with unique benefits. Market participants will closely monitor Molten's progress toward the £350 million final fund target and capital deployment into portfolio companies. To keep reading, please log in to your account, create a free account, or simply fill out the form below.