Molten Ventures Plc (GB:GROW) has released an update.
Molten Ventures Plc, a leading venture capital firm, has announced a successful year with a capital raise of £55 million, strategic acquisitions, and a Gross Portfolio Value increase to approximately £1,377 million. Despite challenging market conditions, the firm’s disciplined capital allocation and focus on high-growth digital technology businesses have positioned it well for the upcoming financial year. With a healthy balance sheet and a robust portfolio, including over 90% of core companies projecting more than 12 months of cash runway, Molten Ventures is set to capitalize on a more normalized realisations market in FY25.
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