Molten Ventures Plc (GROW; GRW) Molten Ventures plc ("Molten Ventures", "Molten", or the "Company")
Half Year Trading Update and Notice of Results
Stable portfolio performance offset by currency headwinds. Strong delivery of realisations positioning the Group well to take advantage of market opportunities
Molten Ventures (LSE: GROW, Euronext Dublin: GRW), a leading venture capital firm investing in and developing high-growth technology businesses, today announces an update on its portfolio and NAV (unaudited) ahead of announcing half year results for the six months ended 30 September 2024 scheduled for release on 20 November 2024.
Half Year Highlights:
Fair value movements and portfolio performance:
Cash resources and investment cadence:
Ben Wilkinson, Chief Executive Officer of Molten Ventures, commented: “Molten is at an exciting point in its growth driven by excellent people and a unique platform and I am privileged to accept the opportunity to continue the evolution of the business as CEO. We’ve seen a good level of activity so far this year primarily driven by strong realisations, generating cash proceeds to the balance sheet and providing the capital to take advantage of further opportunities. In our full-year results, we spoke about cautious optimism in the stabilising economic climate, and this sentiment still prevails, with attractive entry pricing and an opportunity to deploy capital on the right deals. We remain well-positioned to take advantage of the best opportunities as and when they arise.” -ENDS- Enquiries:
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 to 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 118 companies, 20 of which represent our Core holdings and account for 62% of the Gross Portfolio Value. Our Core companies include Thought Machine, Coachhub, 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 high potential 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
A member of the London Stock Exchange’s FTSE 250, Molten Ventures provides a unique opportunity for public market investors to access 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 circa £600m to 30 September 2024. For more information, go to https://www.moltenventures.com/
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ISIN: | GB00BY7QYJ50 |
Category Code: | MSCH |
TIDM: | GROW; GRW |
LEI Code: | 213800IPCR3SAYJWSW10 |
OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
Sequence No.: | 355871 |
EQS News ID: | 2018537 |
End of Announcement | EQS News Service |
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UK Regulatory announcement transmitted by EQS Group AG. The issuer is solely responsible for the content of this announcement.