Molten Ventures Plc Announces Full Year Trading Update and Future Outlook

Molten Ventures Plc, a notable venture capital firm, provided an update on its fiscal year performance ending 31 March 2024, with official results set to be announced on 12 June 2024. Key highlights included a successful £55 million capital raise and strategic acquisitions, bolstering its portfolio and market position.

The company reported a Gross Portfolio Value of approximately £1,377 million, maintaining stable asset valuations through strategic acquisitions and investment stakes. Despite adverse currency movements impacting overall value, core portfolio companies showed robust growth and stability.

For the fiscal year 2024, Molten Ventures focused on capital efficiency and strategic investments, including a notable acquisition of Forward Partners. These actions were aimed at diversifying and strengthening its investment portfolio amid a challenging market environment for high-growth companies.

Looking ahead to FY25, Molten Ventures is optimistic about its capacity to generate investor returns, citing an enhanced platform and market positioning. The firm plans to continue its focus on secondary acquisitions and managing third-party capital, expecting an increase in realisation activities over the next fiscal year.