Molten Ventures Announces £175m First Close of Molten Growth Fund with Cornerstone Commitment from British Business Bank

Molten Ventures, a leading venture capital firm with a 20-year track record of investing in and developing disruptive high-growth technology companies across Europe and the UK, announced the first close of its Growth Fund at £175 million. The British Business Bank has committed £75 million as a cornerstone investor. Molten Ventures has committed the remaining £100 million of the first close and will continue to seek additional investors, with the aim of growing the Growth Fund to a target of £350 million.

The fund extends Molten’s Series B+ investment strategy, backed by more than 40 deals and over £700 million invested over the past decade, with top-quartile returns. Its private fund structure gives institutional investors access to larger-scale private investments while leveraging Molten’s public-market platform and governance.

Capital for the Next Stage of Growth.

The Growth Fund will add third-party institutional capital to Molten’s listed platform, enabling more Series B+ investments in high-growth UK and European technology companies scaling beyond early growth. It builds on Molten’s existing institutional-grade infrastructure and addresses a persistent gap in later-stage European technology funding.

Backing the Next Generation of European Technology.

The Growth Fund will back high-growth companies across Space, AI, Fintech, Quantum, Deeptech, and Hardware, providing growth capital while enabling Molten to build larger positions in high-conviction businesses.

The British Business Bank’s commitment builds on its investment in Molten’s listed platform since 2018 and previous co-investments in companies including SatVu, IMU Biosciences, Thought Machine, and Paragraf.

Ben Wilkinson, Chief Executive Officer of Molten Ventures, commented:

“Securing the British Business Bank as cornerstone investor is a strong endorsement of Molten’s strategy and of the relationship we have built over many years. It also underlines the importance of bringing more long-term institutional capital into venture and Growth, so that ambitious UK and European technology companies have the backing they need to scale.”

“Molten has a strong track record in growth investing, with more than 40 growth-profile deals completed and over £700 million invested. The Growth Fund builds on that experience and gives us a dedicated vehicle to support more companies as they scale.”

“There is no shortage of exceptional founders or technology businesses in the UK and Europe; what they too often lack is sufficient growth capital to help them become global leaders. This Fund gives Molten greater firepower to back our highest-conviction companies at Series B and beyond, build meaningful ownership positions and channel capital into the next generation of growth.”

“Alongside our other strategies, including Molten Secondaries, the Growth Fund will strengthen our ability to connect long-term capital with companies that are shaping the future.”

Franco Danesi, Senior Partner, Molten Ventures, commented:

"We are delighted to welcome the British Business Bank as cornerstone investor in the Growth Fund. It is an endorsement not only of the relationship we have built with the Bank over many years, but of the strategy this Fund is built on, and it gives us real momentum as we move towards our £350 million target.”

“The Growth Fund gives prospective investors the opportunity to benefit from what Molten has built over the last 20 years: our thesis-driven approach, a differentiated origination engine, access to the broader Molten platform and a track record of over £700 million invested across more than 40 growth deals at top-quartile returns.”

Robert Greenwood, Senior Director, Funds at British Business Bank, said:

“To create deeper pools of late-stage capital for breakthrough technologies, we are helping UK tech investors to launch new growth funds. This commitment is the latest example of that strategy. Molten Ventures is one of the UK's leading growth investors, with a strong track record of backing fast-growing technology businesses. This fund will help the next generation of tech entrepreneurs scale faster and build global companies from the UK.”

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