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Molten Ventures

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Molten Ventures
Company typePublic limited company
LSEGROW
EuronextGRW
IndustrieVenture capital
Gegründet2006
HauptsitzLondon, United Kingdom[1]
Key people
Karen Slatford (Chairman), Martin Davis (CEO), Stuart Chapman (Chief Portfolio Officer), Ben Wilkinson (CFO)[2]
ProdukteVenture capital, growth capital
RevenueDecrease £52.0 million (2020)[3]
Decrease £40.5 million (2020)[3]
Decrease £40.4 million (2020)[3]
Websitewww.draperesprit.com

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]

Investments

Investments have included companies such as Crowdcube,[8] Freetrade[9] and Trustpilot.[10]

References

  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.
  3. ^ a b c "Draper Esprit plc Annual Report 2020" (PDF). Draper Esprit. Retrieved 30 June 2020.
  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. 09 November 2021. Retrieved 09 November 2021. {{cite news}}: Check date values in: |access-date= and |date= (help)
  8. ^ "Draper Esprit leads £8.5 million investment in Crowdcube". FN Extra. 7 November 2018. Retrieved 25 August 2021.
  9. ^ "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.
  10. ^ "Trustpilot IPO could provide big bucks exit for seed backer Draper Esprit". Shares Magazine. 8 November 2018. Retrieved 25 August 2021.