Molten Ventures
plc
("Molten", the "Group" or the
"Company")
Perkbox
Exit
Molten Ventures (LSE: GROW, Euronext
Dublin: GRW), a leading venture capital firm investing in and
developing high-growth digital technology businesses, notes
the announcement by Great Hill Partners that Vivup and Perkbox will
combine and receive investment from the growth equity firm. As a
consequence, and subject to the transaction obtaining FCA Change of
Control approval, the Group will exit its investment in
Perkbox.
The award-winning global benefits
and reward platform has been a portfolio company since Molten first
invested in 2016, and currently sits just outside the Core
Portfolio in the reporting. The deal values Perkbox modestly above
its Group holding value.
-ENDS-
Enquiries:
|
Molten Ventures plc
Martin Davis (Chief Executive
Officer)
Ben Wilkinson (Chief Financial
Officer)
|
+44
(0)20 7931 8800
ir@molten.vc
|
|
Deutsche Numis
Joint Financial Adviser and Corporate Broker
Simon Willis
Jamie Loughborough
Iqra Amin
|
+44
(0)20 7260 1000
|
|
Goodbody Stockbrokers
Joint Financial Adviser and Corporate
Broker,
Euronext Dublin Sponsor
Don Harrington
Dearbhla Gallagher
William Hall
|
+44
(0) 20 3841 6202
|
|
Powerscourt
Public relations
Elly Williamson
Nick Hayns
|
+44
(0)7970 246 725
+44
(0)7880 744 379
molten@powerscourt-group.com
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About Molten Ventures
Molten Ventures is a leading venture
capital firm in Europe, developing and investing in disruptive,
high growth technology companies. We inject visionary companies
with energy to help them transform and grow. This energy comes in
many forms - capital, of course, but also knowledge, experience,
and relationships. We believe it is our role to support the
entrepreneurs who will invent the future, and that future is being
built, today, in Europe.
As at 30 September 2023, Molten
Ventures had a diverse portfolio with shareholdings in 74
companies, 17 of which represent our Core Portfolio holdings and
account for 62% of the Gross Portfolio Value. Our core companies
include Thought Machine, Coachhub, Form3, Aiven, Ledger and
Aircall. We invest across four sectors: Enterprise Technology,
Hardware and Deeptech, Consumer Technology, and Digital Health and
Wellness, with highly experienced partners constantly looking for
new opportunities in each. We look for high-growth companies
operating in new markets, with aspirations for global expansion,
strong IP, powerful technology, and strong management teams to
deliver success. We also look for businesses with the potential to
generate strong margins to ensure rapid, sustainable growth in
substantial addressable markets.
Molten Ventures provides a unique
opportunity for public market investors to access these
fast-growing tech businesses, without having to commit to long term
investments with limited liquidity. Since our IPO in June 2016, we
have deployed over £1bn capital into fast growing tech companies
and have realised £520m to 30 September 2023.