Molten
Ventures plc
("Molten
Ventures", "Molten", the "Group" or the "Company")
Completion of
M-Files Exit
Molten Ventures (LSE: GROW,
Euronext Dublin: GRW), a leading venture capital firm investing in
and developing high-growth digital technology businesses, announces
the successful completion of the M-Files exit, following regulatory
approvals.
Molten first invested in M-Files,
an intelligent file management platform and leader in knowledge
work automation using generative AI, in the Series A in
2013. The exit has delivered a 7.4x multiple on
invested capital. Total Group realisations for the financial year
have now reached £124 million (£76 million reported for the first
six months), exceeding the £100 million guidance provided at the
start of the financial year.
Ben Wilkinson,
Chief Executive Officer of Molten Ventures, commented:
“We are pleased
with the heightened level of realisations delivered so far this
financial year, particularly as they have been completed at or
above holding value, validating the quality of our portfolio and
the diligent approach to our valuation
methodology. The highly successful
completion of the M-Files exit along with the other realisations
has generated meaningful cash proceeds that will allow us to take
advantage of further attractive investment
opportunities.
“While
realisations have already exceeded our original expectations for
the financial year, with the larger anticipated exits having
completed there remains the potential for further smaller exits.
Our core focus is on active management of the portfolio and driving
strong returns for investors.”
ENDS
Enquiries
|
Molten
Ventures plc
Ben Wilkinson (Chief
Executive Officer)
Andrew Zimmermann
(Interim 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
Tom
Nicholson
William
Hall
|
+44 (0) 20
3841 6202
|
|
Sodali &
Co.
Public
relations
Elly
Williamson
Jane
Glover
|
+44 (0)7970
246 725/
+44 (0)771 324
6126
molten@sodali.com
|
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 2024, Molten
Ventures had a diverse portfolio with shareholdings in 100+
companies, 18 of which represent our Core Portfolio holdings and
account for 61% of the Gross Portfolio Value. Our core companies
include Revolut, 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 over £600m to 30 September 2024.
For more information, go to
https://investors.moltenventures.com/investor-relations/plc