Draper_Esprit

Molten Ventures

Molten Ventures

Venture capital firm

Molten Ventures, formerly Draper Esprit, is a venture capital firm, investing in high growth technology companies with global ambitions, with offices in London, Cambridge and Dublin. It is listed on the London Stock Exchange.

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History

Founded in 2006 as Esprit Capital, the company was renamed Draper Esprit in 2015 after joining Silicon Valley investor Tim Draper and the Draper Venture Network.[4]

In June 2016, Draper Esprit was the subject of an initial public offering on the London Stock Exchange.[5] It moved to the main market in July 2021 becoming the largest technology-related venture capital company to be publicly listed.[6]

In November 2021, Draper Esprit rebranded to Molten Ventures.[7]

In April 2022, Molten Ventures joined The Venture Capital Trust Association (VCTA).[8]

In November 2023, Molten Ventures acquired Forward Partners for £41.4 million.[9]

Investments

Investments have included companies such as Crowdcube,[10] Endomag,[11] Freetrade,[12] Graphcore,[13] Revolut[13] and Trustpilot.[14]

References

  1. [1]
    "Draper Esprit backs Aircall in £10m deal". UK Business Angels Association. Retrieved 23 January 2020.
  2. [2]
    "Venture capitalist firm Draper Esprit has managerial reshuffle". City A.M. Retrieved 23 January 2020.
  3. [3]
    "Annual Report 2023" (PDF). Molten Ventures. Retrieved 18 February 2024.
  4. [4]
    "Tim Draper doubles down on Europe". Tech Crunch. 3 July 2015. Retrieved 25 August 2021.
  5. [5]
    "Want to get into tech investing? VC firm Draper Esprit has just gone public". CNBC. 15 June 2016. Retrieved 25 August 2021.
  6. [6]
    "Draper Esprit floats to become largest tech VC on London's main market". City AM. 23 July 2021. Retrieved 25 August 2021.
  7. [7]
    "Draper Esprit cuts the legacy name apron strings to rebrand as Molten Ventures". TechCrunch. 9 November 2021. Retrieved 9 November 2021.
  8. [8]
    "Pembroke VCT and Molten Ventures VCT join VCTA". www.privateequitywire.co.uk. 2022-04-28. Retrieved 2022-05-17.
  9. [9]
    "Molten snaps up Forward Partners in £41m London tech deal". Yahoo Finance. 2023-11-27. Retrieved 2023-11-27.
  10. [10]
    "Draper Esprit leads £8.5 million investment in Crowdcube". FN Extra. 7 November 2018. Retrieved 25 August 2021.
  11. [11]
    "UK medtech startup Endomag raises £15 million to scale its non-invasive approach to breast cancer". Tech.eu. 30 November 2020. Retrieved 18 November 2021.
  12. [12]
    "London-based Fintech Freetrade Raises €13.4 Million via Series A Investment Round, Receives Funding from First Capital Investor". Crowdfund Insider. 5 November 2019. Retrieved 25 August 2021.
  13. [13]
    Sandle, Paul (2 November 2022). "VC firm Molten Ventures cuts portfolio value after tech sell-off". Reuters.
  14. [14]
    "Trustpilot IPO could provide big bucks exit for seed backer Draper Esprit". Shares Magazine. 8 November 2018. Retrieved 25 August 2021.
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