Molten Ventures: Difference between revisions

Molten Ventures
Formerly	Esprit Capital (2006–2015); Draper Esprit (2015–2021);
Company type	Public limited company
Traded as	LSE: GROW; Euronext: GRW;
Industrie	Venture capital
Gegründet	2006; 18 years ago
Gründer	Stuart Chapman
Hauptsitz	London, United Kingdom
Key people	Karen Slatford (Chairman), Martin Davis (CEO), Stuart Chapman (Chief Portfolio Officer), Ben Wilkinson (CFO)
Produkte	Venture capital, growth capital
Revenue	£(217.4) million (2023)
Operating income	£(241.3) million (2023)
Net income	£(243.4) million (2023)
Owner	Baillie Gifford; Brunei Investment Agency; Schroders plc;
Website	moltenventures.com

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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 and is a constituent of the FTSE 250 Index.

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

^ "Draper Esprit backs Aircall in £10m deal". UK Business Angels Association. Retrieved 23 January 2020.
^ "Venture capitalist firm Draper Esprit has managerial reshuffle". City A.M. Retrieved 23 January 2020.
^ ^a ^b ^c "Annual Report 2023" (PDF). Molten Ventures. Retrieved 18 February 2024.
^ "Tim Draper doubles down on Europe". Tech Crunch. 3 July 2015. Retrieved 25 August 2021.
^ "Want to get into tech investing? VC firm Draper Esprit has just gone public". CNBC. 15 June 2016. Retrieved 25 August 2021.
^ "Draper Esprit floats to become largest tech VC on London's main market". City AM. 23 July 2021. Retrieved 25 August 2021.
^ "Draper Esprit cuts the legacy name apron strings to rebrand as Molten Ventures". TechCrunch. 9 November 2021. Retrieved 9 November 2021.
^ "Pembroke VCT and Molten Ventures VCT join VCTA". www.privateequitywire.co.uk. 2022-04-28. Retrieved 2022-05-17.
^ "Molten snaps up Forward Partners in £41m London tech deal". Yahoo Finance. 2023-11-27. Retrieved 2023-11-27.
^ "Draper Esprit leads £8.5 million investment in Crowdcube". FN Extra. 7 November 2018. Retrieved 25 August 2021.
^ "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.
^ "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.
^ ^a ^b Sandle, Paul (2 November 2022). "VC firm Molten Ventures cuts portfolio value after tech sell-off". Reuters.
^ "Trustpilot IPO could provide big bucks exit for seed backer Draper Esprit". Shares Magazine. 8 November 2018. Retrieved 25 August 2021.

External links

Official website

[1] "Draper Esprit backs Aircall in £10m deal". UK Business Angels Association. Retrieved 23 January 2020.

[2] "Venture capitalist firm Draper Esprit has managerial reshuffle". City A.M. Retrieved 23 January 2020.

[results-3] "Annual Report 2023" (PDF). Molten Ventures. Retrieved 18 February 2024.

[4] "Tim Draper doubles down on Europe". Tech Crunch. 3 July 2015. Retrieved 25 August 2021.

[5] "Want to get into tech investing? VC firm Draper Esprit has just gone public". CNBC. 15 June 2016. Retrieved 25 August 2021.

[6] "Draper Esprit floats to become largest tech VC on London's main market". City AM. 23 July 2021. Retrieved 25 August 2021.

[7] "Draper Esprit cuts the legacy name apron strings to rebrand as Molten Ventures". TechCrunch. 9 November 2021. Retrieved 9 November 2021.

[8] "Pembroke VCT and Molten Ventures VCT join VCTA". www.privateequitywire.co.uk. 2022-04-28. Retrieved 2022-05-17.

[9] "Molten snaps up Forward Partners in £41m London tech deal". Yahoo Finance. 2023-11-27. Retrieved 2023-11-27.

[10] "Draper Esprit leads £8.5 million investment in Crowdcube". FN Extra. 7 November 2018. Retrieved 25 August 2021.

[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] "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.

[reuters1122-13] Sandle, Paul (2 November 2022). "VC firm Molten Ventures cuts portfolio value after tech sell-off". Reuters.

[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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@@ Line 4: / Line 4: @@
 | name = Molten Ventures
 | type = [[Public limited company]]
-| traded_as = {{LSE|GROW}}<br>{{euronext|GRW}}
+| traded_as = {{ubl|{{LSE|GROW}}|{{euronext|GRW}}}}
+| former_names = {{unbulletedlist|Esprit Capital (2006–2015)|Draper Esprit (2015–2021)}}
-| foundation = 2006
+| foundation = {{start date and age|2006}}
+| founder = Stuart Chapman
 | location = [[London]], [[United Kingdom]]<ref>{{cite web |title=Draper Esprit backs Aircall in £10m deal |url=https://www.ukbaa.org.uk/news/draper-esprit-backs-aircall-in-10m-deal/ |website=UK Business Angels Association |accessdate=23 January 2020}}</ref>
 | key_people = Karen Slatford ([[Chairman]]), Martin Davis ([[Chief Executive Officer|CEO]]), Stuart Chapman (Chief Portfolio Officer), Ben Wilkinson ([[Chief Financial Officer|CFO]])<ref>{{cite web |title=Venture capitalist firm Draper Esprit has managerial reshuffle |url=https://www.cityam.com/venture-capitalist-firm-draper-esprit-has-managerial-reshuffle/ |website=[[City A.M.]] |accessdate=23 January 2020}}</ref>
 | industry = [[Venture capital]]
 | products = [[Venture capital]], [[growth capital]]
-| revenue          = {{decrease}} [[Pound sterling|£]]52.0&nbsp;million (2020)<ref name=results>{{cite web |title=Draper Esprit plc Annual Report 2020 |url=https://draper-esprit.s3.amazonaws.com/production/uploads/document/file/44/DraperEsprit_AnnualReport2020_FINAL3.pdf |website=Draper Esprit |accessdate=30 June 2020}}</ref>
+| revenue = {{decrease}} [[Pound sterling|£]](217.4)&nbsp;million (2023)<ref name=results>{{cite web |title=Annual Report 2023|url=https://investors.moltenventures.com/storage/uploads/PLC/Results-and-Reports/31601-MoltenVentures-AR2023-index_linked-hi.res_zbwkx.pdf|website=Molten Ventures |accessdate=18 February 2024}}</ref>
-| operating_income = {{decrease}} [[Pound sterling|£]]40.5&nbsp;million (2020)<ref name=results/>
+| operating_income = {{decrease}} [[Pound sterling|£]](241.3)&nbsp;million (2023)<ref name=results/>
-| net_income       = {{decrease}} [[Pound sterling|£]]40.4&nbsp;million (2020)<ref name=results/>
+| net_income = {{decrease}} [[Pound sterling|£]](243.4)&nbsp;million (2023)<ref name=results/>
-| homepage = [https://draperesprit.com/ www.draperesprit.com]
+| homepage = {{URL|moltenventures.com}}
+| owner = {{ubl
+   |[[Baillie Gifford]]
+   |[[Brunei Investment Agency]]
+   |[[Schroders plc]]
+}}
 | num_employees =
 }}
-'''Molten Ventures, formerly Draper Esprit''' is a [[Venture capital firm|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]] and is a constituent of the [[FTSE 250 Index]].
+'''Molten Ventures''', formerly '''Draper Esprit,''' is a [[Venture capital firm|venture capital]] firm, [[Investment|investing]] in high growth [[technology]] companies with global ambitions, with offices in [[London]], [[Cambridge]] and [[Dublin]]. It is listed on the [[London Stock Exchange]] and is a constituent of the [[FTSE 250 Index]].
 ==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.<ref>{{cite news|url=https://techcrunch.com/2015/07/03/tim-draper-europe/|title=Tim Draper doubles down on Europe|date=3 July 2015|newspaper=Tech Crunch|access-date=25 August 2021}}</ref>
+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.<ref>{{cite news|url=https://techcrunch.com/2015/07/03/tim-draper-europe/|title=Tim Draper doubles down on Europe|date=3 July 2015|newspaper=Tech Crunch|access-date=25 August 2021}}</ref>
-In June 2016 Draper Esprit was the subject of an [[initial public offering]] on the [[London Stock Exchange]].<ref>{{cite news|url=https://www.cnbc.com/2016/06/15/want-to-get-into-tech-investing-vc-firm-draper-esprit-has-just-gone-public.html|title=Want to get into tech investing? VC firm Draper Esprit has just gone public.|date=15 June 2016|newspaper=CNBC| access-date=25 August 2021}}</ref> It moved to the main market in July 2021 becoming the largest technology-related venture capital company to be publicly listed.<ref>{{cite news|url=https://www.cityam.com/draper-esprit-floats-to-become-largest-tech-vc-on-londons-main-market/|title=Draper Esprit floats to become largest tech VC on London's main market|date=23 July 2021|newspaper=City AM|access-date=25 August 2021}}</ref>
+In June 2016, Draper Esprit was the subject of an [[initial public offering]] on the [[London Stock Exchange]].<ref>{{cite news|url=https://www.cnbc.com/2016/06/15/want-to-get-into-tech-investing-vc-firm-draper-esprit-has-just-gone-public.html|title=Want to get into tech investing? VC firm Draper Esprit has just gone public.|date=15 June 2016|newspaper=CNBC| access-date=25 August 2021}}</ref> It moved to the main market in July 2021 becoming the largest technology-related venture capital company to be publicly listed.<ref>{{cite news|url=https://www.cityam.com/draper-esprit-floats-to-become-largest-tech-vc-on-londons-main-market/|title=Draper Esprit floats to become largest tech VC on London's main market|date=23 July 2021|newspaper=City AM|access-date=25 August 2021}}</ref>
-In November 2021, Draper Esprit rebranded to Molten Ventures<ref>{{cite news|url=https://techcrunch.com/2021/11/09/draper-esprit-cuts-the-legacy-name-apron-strings-to-rebrand-as-molten-ventures/|title=Draper Esprit cuts the legacy name apron strings to rebrand as Molten Ventures|date=09 November 2021|newspaper=TechCrunch|access-date=09 November2021}}</ref>
+In November 2021, Draper Esprit rebranded to Molten Ventures.<ref>{{cite news|url=https://techcrunch.com/2021/11/09/draper-esprit-cuts-the-legacy-name-apron-strings-to-rebrand-as-molten-ventures/|title=Draper Esprit cuts the legacy name apron strings to rebrand as Molten Ventures|date=9 November 2021|newspaper=TechCrunch|access-date=9 November 2021}}</ref>
+In April 2022, Molten Ventures joined The Venture Capital Trust Association (VCTA).<ref>{{Cite web |date=2022-04-28 |title=Pembroke VCT and Molten Ventures VCT join VCTA |url=http://www.privateequitywire.co.uk/2022/04/28/314160/pembroke-vct-and-molten-ventures-vct-join-vcta |access-date=2022-05-17 |website=www.privateequitywire.co.uk |language=en}}</ref>
+In November 2023, Molten Ventures acquired Forward Partners for £41.4 million.<ref>{{Cite web |date=2023-11-27 |title=Molten snaps up Forward Partners in £41m London tech deal |url=https://uk.finance.yahoo.com/news/molten-snaps-forward-partners-41m-074613522.html |access-date=2023-11-27 |website=Yahoo Finance |language=en-GB}}</ref>
 ==Investments==
-Investments have included companies such as [[Crowdcube]],<ref>{{cite news|url=https://www.finextra.com/pressarticle/76270/draper-esprit-leads-85-million-investment-in-crowdcube|title=Draper Esprit leads £8.5 million investment in Crowdcube|date=7 November 2018|newspaper=FN Extra| access-date=25 August 2021}}</ref> [[Freetrade]]<ref>{{cite news|url=https://www.crowdfundinsider.com/2019/11/153725-london-based-fintech-freetrade-raises-e13-4-million-via-series-a-investment-round-receives-funding-from-first-capital-investor/  |title=London-based Fintech Freetrade Raises €13.4 Million via Series A Investment Round, Receives Funding from First Capital Investor|date=5 November 2019|newspaper=Crowdfund Insider| access-date=25 August 2021}}</ref> and [[Trustpilot]].<ref>{{cite news|url=https://www.sharesmagazine.co.uk/article/trustpilot-ipo-could-provide-big-bucks-exit-for-seed-backer-draper-esprit|title=Trustpilot IPO could provide big bucks exit for seed backer Draper Esprit|date=8 November 2018|newspaper=Shares Magazine| access-date=25 August 2021}}</ref>
+Investments have included companies such as [[Crowdcube]],<ref>{{cite news|url=https://www.finextra.com/pressarticle/76270/draper-esprit-leads-85-million-investment-in-crowdcube|title=Draper Esprit leads £8.5 million investment in Crowdcube|date=7 November 2018|newspaper=FN Extra| access-date=25 August 2021}}</ref> [[Endomag]],<ref>{{cite news|url=https://tech.eu/brief/endomag-funding/|title=UK medtech startup Endomag raises £15 million to scale its non-invasive approach to breast cancer|date=30 November 2020|newspaper=Tech.eu| access-date=18 November 2021}}</ref> [[Freetrade]],<ref>{{cite news|url=https://www.crowdfundinsider.com/2019/11/153725-london-based-fintech-freetrade-raises-e13-4-million-via-series-a-investment-round-receives-funding-from-first-capital-investor/  |title=London-based Fintech Freetrade Raises €13.4 Million via Series A Investment Round, Receives Funding from First Capital Investor|date=5 November 2019|newspaper=Crowdfund Insider| access-date=25 August 2021}}</ref> [[Graphcore]],<ref name=reuters1122>{{cite web |url=https://www.reuters.com/technology/vc-firm-molten-ventures-cuts-portfolio-value-after-tech-sell-off-2022-11-02/ |title=VC firm Molten Ventures cuts portfolio value after tech sell-off |date=2 November 2022 |last=Sandle |first=Paul |publisher=Reuters}}</ref> [[Revolut]]<ref name=reuters1122 /> and [[Trustpilot]].<ref>{{cite news|url=https://www.sharesmagazine.co.uk/article/trustpilot-ipo-could-provide-big-bucks-exit-for-seed-backer-draper-esprit|title=Trustpilot IPO could provide big bucks exit for seed backer Draper Esprit|date=8 November 2018|newspaper=Shares Magazine| access-date=25 August 2021}}</ref>
 ==References==
@@ Line 34: / Line 45: @@
 ==External links==
 * {{official website|https://moltenventures.com/}}
+{{Government of Brunei}}
-{{FTSE 250 Index constituents}}
 {{Authority control}}
+{{FTSE 250 Index constituents}}
 [[Category:Venture capital firms of the United Kingdom]]
 [[Category:Venture capital firms of Ireland]]

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