Molten Ventures fair value growth on target after externally led round in portfolio company
Molten Ventures
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09:44 25/04/24
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Venture capital firm Molten Ventures said on Wednesday that following the closing of an externally led round in a portfolio company, the fair value of its holding had increased by £76.0m based on the value of the round.
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The FTSE 250-listed firm, which focusses on investing in and developing high-growth digital technology businesses, said the increase in fair value supported its previously announced year-end guidance of fair value growth in the region of 35%.
Molten Ventures, formerly Draper Esprit, did not disclose the name of the portfolio company in question.