Molten Ventures: Edison
Listed venture capital - LSE - Mcap: £534m - Price: 282.5p - Update
Forward Partners deal completed
Molten Ventures has recently completed the acquisition of Forward Partners, which allowed Molten to further broaden its portfolio, add a complementary strategy focused on earlier stage companies and potentially provide a pipeline of new core holdings. Furthermore, its recent equity raise gave Molten the funds to pursue new investments in what it currently considers a buyer’s market, with an emphasis on the venture capital (VC) secondary market. In FY24 (to end-March 2024), Molten’s gross portfolio value remained broadly stable on a like-for-like basis (ie excluding the Forward Partners deal and the Seedcamp Fund III secondary investment). Management sees good prospects for realisations in FY25.
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Analyst
Milosz Papst
Financials analyst
tech@edisongroup.com
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