Multi-stage VC, London
Molten Ventures
Venture capital firm · London · Founded 2015
Quick read
Molten Ventures (formerly Draper Esprit) is a publicly listed, multi-stage VC founded in 2015 and headquartered in London. It's one of Europe's most active tech investors, backing companies from Series A through pre-IPO across SaaS, deeptech, healthtech, and consumer software. Its evergreen capital structure — enabled by its LSE listing — means it's not bound by traditional five-year fund cycles, giving founders a longer-term partner.
Key facts
- Founded
- 2015
- Employees
- 29
- Sectors
- generalist, enterprise, consumer, ai, healthcare
- Website
- www.moltenventures.com
Investment thesis
Molten backs high-growth European technology companies across SaaS, deeptech, healthtech, and consumer software, writing first cheques at Series A or B and following companies through to pre-IPO. Its public listing and evergreen capital structure let it invest without the constraints of traditional closed-end fund timelines.
Recent activity
- Jun 2026pressMolten Ventures published its FY26 Annual Results, available via the firm's RNS filing. uk.linkedin.com
- 2026pressMolten Ventures released its FY26 Interim Results via RNS. uk.linkedin.com
- 2026leadershipAnders Romare, former CDIO of Novo Nordisk, joined Molten Ventures' Advisory Board. uk.linkedin.com
- Jan 2026investmentMolten Ventures participated in a $42M Series B round for Hilo, its most recently tracked deal per Startup Intros. startupintros.com
- 2025investmentMolten Ventures led a £25M Series B round for Modo Energy, a platform building a global standard for valuing electrification assets. uk.linkedin.com
- 2025investmentMolten Ventures led a £11.5M Series A in IMU Biosciences, which is building an AI-powered Immune Atlas spanning human health and disease. linkedin.com
- 2025investmentMolten Ventures co-led a $16M Series A in Duel, a NYC-based brand advocacy platform, alongside Bright Pixel. leadiq.com
- 2025investmentMolten Ventures led a £4M Series A in MAIA Technology, a London-based company modernising front-office investment workflows for hedge funds and asset managers. leadiq.com
- Mar 2026leadershipMolten established a dedicated secondaries investment team, hiring Malcolm Ferguson, Nicholas Sando, and Steven Mendel to lead the strategy. The move is designed to build scale, grow third-party capital, and expand beyond core Series A and B investing. uk.linkedin.com
- Mar 2026pressMolten published its quarterly newsletter for March 2026 and held an Investor Day titled 'Reflecting on 20 Years', marking two decades since the firm's founding. moltenventures.com
- Feb 2026pressThe Irish National Treasury Management Agency (NTMA), acting via the Ireland Strategic Investment Fund, increased its stake in Molten Ventures from 7.41% to 8.00% of voting rights, notified on 3 February 2026. finanzwire.com
- Jan 2026pressMolten completed a £10m share repurchase programme and immediately commenced an additional £10m buyback programme. tracxn.com
Notable investments
- HiloSeries BJan 2026startupintros.com
- Modo EnergySeries B2025uk.linkedin.com
- IMU BiosciencesSeries A2025linkedin.com
- DuelSeries A2025leadiq.com
- MAIA TechnologySeries A2025leadiq.com
- Isar AerospaceSeries D follow-on (€30m from Molten)Jun 2026trustintelligence.co.uk
- ICEYENew funding round (amount undisclosed; Molten realised £22m)Jun 2026trustintelligence.co.uk
- HiloSeries B ($42m)Jan 2026startupintros.com
- MAIA TechnologySeries A (£4m)Jan 2026maiatech.io
- Isar AerospaceSeries D (€270m)2025moltenventures.com
- GraphcoreExit — acquired by SoftBank for >$600m; Molten realised ~$26m (0.9x)Oct 2024techfundingnews.com
- EndomagExit — acquired by Hologic for $310mJul 2024techfundingnews.com
Key people
Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.
- Martin Davis · CEO
- Stuart Chapman · Co-founder
- Vinoth Jayakumar · Partner
- Christoph Hornung · Partner
- Christel Piron · Partner
Sources
- Welcome to Molten Ventures
- News | Molten Ventures
- Investor Portal | Molten Ventures
- Molten Ventures | Investor Profile, Funding Criteria & Team
- Molten Ventures - 2026 Investor Profile, Portfolio, Team & Investment Trends - Tracxn
- Molten Ventures: Funding, Team & Investors | Startup Intros
- Molten Ventures - Crunchbase Company Profile & Funding
- Molten Ventures | LinkedIn
- https://www.webdisclosure.com/press-release/molten-ventures-plc-etr-notice-of-full-year-results-presentations-NS7GiodDSMO
- https://www.eqs-news.com/news/company-announcement-general/investor-day-materials/cfb93aae-46dc-48fc-b3bb-6257602aeadb_en
- https://www.trustintelligence.co.uk/investor/funds/molten-ventures
- https://www.thearmchairtrader.com/investment-trusts/molten-ventures-reports-solid-year-of-portfolio-growth/
- https://uk.linkedin.com/company/molten-ventures
- https://finanzwire.com/article/molten-ventures-plc-etr-molten-ventures-plc-significant-shareholding-change-RFqW3pHZzXW
- https://tracxn.com/d/venture-capital/moltenventures/__mnlDQYovwHBSWs0_rNOvMVd5c7jpYhxhZL-5Kxpd6-M
- https://maiatech.io/molten-ventures-leads-4-million-series-a-investment-in-maia-technology/
- https://www.trustintelligence.co.uk/investor/articles/news-investor-flash-update-molten-ventures-retail-jun-2026
- https://www.investing.com/news/transcripts/earnings-call-transcript-molten-ventures-fy-2026-shows-strong-growth-93CH-4733165
- https://www.webdisclosure.com/article/molten-ventures-plc-etr-molten-ventures-executes-share-buyback-2nK1go1xSiX
- https://uk.linkedin.com/in/ben-wilkinson-9250b0a8
- https://leadiq.com/c/molten-ventures/5a1d7ef024000024005a0ddc
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Frequently asked
What is Molten Ventures?+
Molten Ventures (formerly Draper Esprit) is a publicly listed, multi-stage VC founded in 2015 and headquartered in London. It's one of Europe's most active tech investors, backing companies from Series A through pre-IPO across SaaS, deeptech, healthtech, and consumer software.
Where is Molten Ventures headquartered?+
Molten Ventures is headquartered in London, United Kingdom.
When was Molten Ventures founded?+
Molten Ventures was founded in 2015.
What sectors does Molten Ventures invest in?+
Molten Ventures focuses on generalist, enterprise, consumer, ai, healthcare. They primarily invest in these sectors.
Who is the CEO of Molten Ventures?+
Martin Davis is the CEO of Molten Ventures.
How do I prepare for a meeting with Molten Ventures?+
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