DJ GBP175m first close of Molten Ventures Growth Fund with cornerstone commitment from British Business Bank
Molten Ventures Plc (GROW)
GBP175m first close of Molten Ventures Growth Fund with cornerstone commitment from British Business Bank
07-Sep-2026 / 07:00 GMT/BST
=----------------------------------------------------------------------------------------------------------------------
Molten Ventures plc
("Molten" or the "Company")
GBP175m first close of Molten Ventures Growth Fund with cornerstone commitment from British Business Bank
-- GBP175m first close secured for Molten Ventures Growth Fund, including a GBP75m cornerstone commitment from
British Business Bank
-- Molten has committed the remaining GBP100m, targeting a final fund size of GBP350m
-- Growth Fund will provide additional capital for Series B+ investments in high-growth UK and European
technology companies
Molten Ventures plc (LSE: GROW), a leading venture capital firm with a 20-year track record of investing in and
developing disruptive high-growth technology companies across Europe and the UK, today announces the first close of its
Growth Fund at GBP175 million.
The fund is a continuation of Molten's existing investment strategy of Series B+ investments, with a track record of
more than 40 deals and over GBP700 million invested in the past ten years, delivering top-quartile returns. The fund
offers private institutional capital the opportunity to invest at scale through a private fund structure, while
benefiting from the public vehicle's platform and governance.
The British Business Bank has committed GBP75 million as cornerstone investor. Molten Ventures has committed the
remaining GBP100 million of the first close and will continue to seek additional investors, with the aim of growing the
Growth Fund to a target of GBP350 million.
The Growth Fund is a key part of Molten's strategy to build scale through additional third-party capital under
management. As a dedicated source of institutional funding alongside Molten's listed platform, it will enable the
Company to increase the volume of Series B+ investment rounds in high-growth UK and European technology companies as
they move from early growth into later stage scale-ups. This is a critical funding gap in the UK and European market
for high growth innovative technology businesses and one where the opportunity to deliver strong returns is proven.
The Growth Fund will invest in companies at the forefront of innovation across key technology sectors including Space,
AI, Fintech, Quantum, Deeptech and Hardware, providing them with the liquidity they need to compete globally, while
giving Molten greater ability to build meaningful ownership positions in high-conviction businesses.
The British Business Bank's commitment reflects the strength of the Growth Fund proposition and the long-standing
relationship between the two organisations. The Bank has been an investor in Molten's listed platform since 2018 and
has co-invested alongside Molten in several high-growth UK technology companies, including SatVu, IMU Biosciences,
Thought Machine and Paragraf.
Ben Wilkinson, Chief Executive Officer of Molten Ventures, commented:
"Securing the British Business Bank as cornerstone investor is a strong endorsement of Molten's strategy and of the
relationship we have built over many years. It also underlines the importance of bringing more long-term institutional
capital into venture and growth, so that ambitious UK and European technology companies have the backing they need to
scale.
"Molten has a strong track record in growth investing, with more than 40 growth-profile deals completed and over GBP700
million invested. The Growth Fund builds on that experience and gives us a dedicated vehicle to support more companies
as they scale.
"There is no shortage of exceptional founders or technology businesses in the UK and Europe; what they too often lack
is sufficient growth capital to help them become global leaders. This Fund gives Molten greater firepower to back our
highest-conviction companies at Series B and beyond, build meaningful ownership positions and channel capital into the
next generation of growth.
"Alongside our other strategies, including Molten Secondaries, the Growth Fund will strengthen our ability to connect
long-term capital with companies that are shaping the future."
Robert Greenwood, Senior Director, Funds at British Business Bank, said:
"To create deeper pools of late-stage capital for breakthrough technologies, we are helping UK tech investors to launch
new growth funds. This commitment is the latest example of that strategy. Molten Ventures is one of the UK's leading
growth investors, with a strong track record of backing fast-growing technology businesses. This fund will help the
next generation of tech entrepreneurs scale faster and build global companies from the UK."
Enquiries
Molten Ventures plc +44 (0)20 7931 8800
Ben Wilkinson, Chief Executive Officer ir@molten.vc
Andrew Zimmermann, Chief Financial Officer
Deutsche Numis
Corporate Broker
+44 (0)20 7260 1000
Joshua Hughes
Liam Kingsmill
Berenberg
Corporate Broker
Ben Wright +44 (0)20 3207 7800
Harry Nicholas
Mark Whitmore
Sodali & Co
Public relations +44 (0)7889 297 217
Elly Williamson molten@sodali.com
Sam Austrums
About Molten Ventures
Molten Ventures is a leading venture capital firm investing in and supporting rapidly growing technology companies across the UK and Europe. Its team of experienced investment professionals focuses on businesses with significant potential at the forefront of innovation and growth.
Listed on the London Stock Exchange (LSE: GROW), Molten Ventures plc gives public market investors access to a diversified portfolio of exciting, privately held technology businesses. Since 2016, Molten has deployed more than GBP1 billion of capital and realised more than GBP800 million in proceeds from its investments. Across the Group, Molten manages over GBP2 billion AUM.
For further details, please visit:https://investors.moltenventures.com/investor-relations/plc
About the British Business Bank
The British Business Bank is the UK government's economic development bank. Established in November 2014, its mission is to drive economic growth by helping smaller businesses get the finance they need to start, scale and stay in the UK. Its remit is to design, deliver and efficiently manage UK-wide smaller business access to finance programmes for the UK government.
In 2025/26[1], the Bank supported UK smaller businesses to access GBP9.4bn of finance, made up of GBP1.3bn of public funding, GBP4.3bn of private capital crowded in by the Bank and GBP3.7bn of lending the Bank guaranteed. The funding benefited 38,000 UK businesses, including around 30,000 businesses the Bank had not previously helped to fund.
-----------------------------------------------------------------------------------------------------------------------
[1] Figures as at end March 2026
-----------------------------------------------------------------------------------------------------------------------
Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
View original content: EQS News
-----------------------------------------------------------------------------------------------------------------------
ISIN: GB00BY7QYJ50 Category Code: MSCL TIDM: GROW LEI Code: 213800IPCR3SAYJWSW10 Sequence No.: 442274 EQS News ID: 2394420 End of Announcement EQS News Service =------------------------------------------------------------------------------------
Image link: https://nwr.eqs-cockpit.com/fncls2.ssx?application_id=2394420&application_name=news&site_id=dow_jones%7e%7e%7ebed8b539-0373-42bd-8d0e-f3efeec9bbed
(END) Dow Jones Newswires
September 07, 2026 02:00 ET (06:00 GMT)
