Molten Ventures Reports Interim Results for Six Months Ending September 2024

Molten Ventures Plc, a prominent venture capital firm, has released its interim results for the six months ending 30 September 2024. The gross portfolio value stands at £1,343m, slightly down from £1,379m in March 2024. The firm invested £51m during this period and realized £76m from transactions. Cash reserves increased to £82m, aligning with a strategic focus on investment opportunities. Portfolio fair value movement was -1%, an improvement from -4% in the previous year.

Realisations have exceeded expectations, anticipated to reach £124m, surpassing the yearly guidance of £100m. Significant investments include acquiring a majority position in Connect Ventures Fund I for £19m and making new investments totalling £13m. High-profile portfolio companies like ISAR Aerospace and Revolut reported substantial capital raising and valuation uplifts.

The company completed a £10m share repurchase and advanced sustainability initiatives, affirming its commitment to ESG standards. Despite macroeconomic challenges, Molten expects a stabilizing investment climate ahead, focusing on its core business.