Molten Ventures, formerly Draper Esprit, is a British

venture capital firm Venture capital (VC) is a form of private equity financing provided by firms or funds to startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in terms of number ...

investing Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broade ...

in high growth

technology Technology is the application of Conceptual model, conceptual knowledge to achieve practical goals, especially in a reproducible way. The word ''technology'' can also mean the products resulting from such efforts, including both tangible too ...

companies with global ambitions. The firm has offices in

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

Cambridge Cambridge ( ) is a List of cities in the United Kingdom, city and non-metropolitan district in the county of Cambridgeshire, England. It is the county town of Cambridgeshire and is located on the River Cam, north of London. As of the 2021 Unit ...

and

Dublin Dublin is the capital and largest city of Republic of Ireland, Ireland. Situated on Dublin Bay at the mouth of the River Liffey, it is in the Provinces of Ireland, province of Leinster, and is bordered on the south by the Dublin Mountains, pa ...

. It is listed on the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

and is a constituent of the

FTSE 250 Index The Financial Times Stock Exchange 250 Index, also called the FTSE 250 Index, FTSE 250, or, informally, the "Footsie 250" , is a stock market index that consists of the 101st to the 350th mid-cap blue chip companies listed on the London Stock ...

History

Founded in 2006 as Esprit Capital, the company was renamed Draper Esprit in 2015 after joining

Silicon Valley Silicon Valley is a region in Northern California that is a global center for high technology and innovation. Located in the southern part of the San Francisco Bay Area, it corresponds roughly to the geographical area of the Santa Clara Valley ...

investor

Tim Draper Timothy Cook Draper (born June 11, 1958) is an American venture capital investor, and founder of Draper Fisher Jurvetson (DFJ),

and the Draper Venture Network. In June 2016, Draper Esprit was the subject of an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

on the

. It moved to the main market in July 2021 becoming the largest technology-related venture capital company to be publicly listed. In November 2021, Draper Esprit rebranded to Molten Ventures. In April 2022, Molten Ventures joined The Venture Capital Trust Association (VCTA). In November 2023, Molten Ventures acquired Forward Partners for £41.4 million.

Investments

Investments have included companies such as

Crowdcube Crowdcube is a British investment crowdfunding platform, established by Darren Westlake and Luke Lang in 2011. Model Equity-based crowdfunding is a new fundraising model for entrepreneurs. Individuals' investments are pooled, allowing entrepr ...

, Endomag, Freetrade,

Graphcore Graphcore Limited is a British semiconductor company that develops AI accelerator, accelerators for AI and machine learning. It has introduced a massively parallel ''Intelligence Processing Unit'' (IPU) that holds the complete machine learning mo ...

Revolut Revolut Group Holdings Ltd, doing business as Revolut, is a British multinational neobank and fintech company that offers banking services for individuals and businesses. It was founded in July 2015 by British-Russian-French businessman Niko ...

and

Trustpilot Trustpilot Group plc, is a Danish consumer business operating a review website founded in Denmark in 2007 that hosts reviews of businesses worldwide. Nearly one-million new reviews are posted each month. The site offers freemium services to bu ...

References

External links

* {{FTSE 250 Index constituents Venture capital firms of the United Kingdom Venture capital firms of Ireland Financial services companies established in 2006 Companies listed on the London Stock Exchange Companies in the FTSE 250 Index