Overview
Molten Ventures (formerly Draper Esprit) invests in European technology businesses at Series A and beyond. You can access the company’s website by clicking here.
Fundamentals
Price
News
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04 Aug 2026 2 min read
Morning briefing: Caledonia commits £49.5m to Conquip Engineering; Georgia Capital grows 15.6% in second quarter; Saba lifts Molten Ventures stake
Caledonia Investments (CLDN) has invested £49.5m for a majority stake in Conquip Engineering Group, a Hampshire-based construction company and infrastructure services provider. The £2bn flexible investment company has bought 61% of the family-owned business which brothers Daniel and George Critchley will continue to lead and reinvest alongside Caledonia. Founded in 2003, Conquip employs 250 people […]
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10 Jun 2026 3 min read
Morning briefing: “Strap in” for Grainger battle as Saba follows Mike Ashley with 5% stake; Saba target Workspace cuts dividend; Molten backs Isar Aerospace; IBT and BIOG chalk up sixth bid as GSK buys Nuvalent; plus Helical, Tritax Big Box
Saba Capital has bought a 5% position in Grainger (GRI), the £1.1bn residential landlord that has been trading at around a 50% discount to net asset value. Shares in the company rose 4.2% to 159.7p after the activist hedge fund’s stake, mostly held in swap derivatives, was disclosed yesterday afternoon. Saba completed buying the position […]
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09 Jun 2026 3 min read
Seraphim Space and Molten Ventures see their ICEYE holdings soar as satellite operator surpasses €10bn with €1bn fund raise
Update: Shares in ICEYE backers Seraphim Space (SSIT) and Molten Ventures (GROW) have jumped 15% and 12% respectively after the Finnish satellite constellation operator quadrupled its valuation to over €10bn ($12bn, £8.6bn) in a €1bn fund raising. ICEYE’s series F funding round, which is expected to close in the next quarter, underlined how fast the […]
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18 May 2026 3 min read
Morning briefing: BlackRock Smaller looks to do better after frustrating year; Nick Train relieved by LSEG coming off UBS “AI losers” list; Manulife managers start on Geiger Counter; CT Healthcare’s first tender offer; GROW sells £63m more Revolut
BlackRock Smaller Companies (BRSC) chair Ronald Gould says the investment trust is looking forward to delivering “better shareholder value”, improved returns and lower costs after last month’s merger with BlackRock Throgmorton lifted its assets by £303m to £886m. However, annual results to the 28 February showed the portfolio underperformed with an 11.2% underlying investment return […]
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27 Apr 2026 3 min read
Morning briefing: Edinburgh Worldwide offers two exits if its board survives Thursday’s Saba vote; Molten Ventures rallies on strong update; NB Private Equity makes four AI investments; BOOK’s record discount prompts marketing
Edinburgh Worldwide (EWI) has proposed holding two tender offers, or exit opportunities, if its board survives another crunch shareholder vote brought by Saba Capital on Thursday. The board of the Baillie Gifford managed global smaller companies investment trust needs around 75% of shareholders to vote at the annual general meeting (AGM) on 30 April to […]
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18 Mar 2026 3 min read
Morning briefing: Saba doubles Molten Ventures stake to 10%; AEW UK contacts NCP’s administrators over York property; Target Healthcare’s best half year; SHIP has no ships in the Gulf; plus AEI-SHRS, RICA
Saba Capital has doubled its stake in Molten Ventures (GROW) to 10%. Shares in the £811m digital start-up fund, whose largest holding is in $75bn UK neobank Revolut, stand on a wide 37% discount giving the activist investor plenty to go for. Despite the valuation gap, GROW shares have shot up 67% in the past […]
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04 Mar 2026 2 min read
Morning briefing: HICL to publish results of shareholder consultation; Molten Ventures hires secondaries team; Seraphim Space manager hits $100m target for new fund; plus CORD, GRID, SYNC
HICL Infrastructure (HICL) has resumed buying back its shares on a 22% discount and is near the end of a consultation with nearly half its shareholders since abandoning a merger with InfraRed stablemate The Renewables Infrastructure Group (TRIG) late last year. It will publish its conclusions in May. In a trading update for October to […]
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28 Jan 2026 2 min read
Morning briefing: ASLI sets 20 Feb for shareholder showdown; earnings growth drives Oakley Capital gain; Literacy Capital expects Q4 decline; Henderson Smaller buys back 12% of shares; plus AEWU, PEY, GROW, MUT
The showdown between Abrdn European Logistics Income (ASLI) and DL Invest Group, its largest shareholder, will take place in London on 20 February. DL has tabled resolutions to have itself appointed fund manager and the company’s wind-down stopped. ASLI, which has published a circular for the meeting, urges shareholders to vote against DL saying the wind-down […]
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06 Jan 2026 4 min read
Trust Spot: 10 best funds that made 2025 a glittering year for some investors; and the worst 10 that were a total wind-up
A review of the very best and worst investment trusts last year with some thoughts on potential recovery plays. Last year will go down as a golden 12 months for investors in listed commodities funds, but shareholders in a variety of emerging market, technology and recovery plays also have cause to celebrate. As precious metals […]
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09 Dec 2025 2 min read
Molten takes some profits in Seraphim-backed ICEYE after satellite company hits £2.1bn, puts more into Modo Energy
Molten Ventures (GROW) has taken £17.5m in gains from ICEYE, the Finnish satellite operator which it says recently secured a €2.4bn (£2.1bn) valuation in a €150m fund raising. The £856m investor in unquoted, high growth technology companies said after the partial realisation its remaining holding in ICEYE is worth around £85m, up from £74m at […]
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25 Nov 2025 3 min read
Morning briefing: Cordiant Digital returns 10% in six months; Seraphim’s ICEYE valuation cut 6%; plus CLDN, GROW, MPO, PMGR
Strong half-year results from Cordiant Digital Infrastructure; Seraphim Space pauses for breath in its first quarter after previous valuation hikes; Caledonia Investments breaks down a 4.4% return six-month return; Molten Ventures is on a roll; Macau Property Opportunities will close its emergency fund raise tomorrow; and Premier Miton Global Renewables shares are temporarily suspended. Cordiant […]
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23 Oct 2025 2 min read
Morning briefing: HarbourVest and Molten report half-year gains in private equity recovery; plus PEY, SWEF, RSE
HarbourVest Global Private Equity (HVPE) has reported robust half-year results with net asset value (NAV) per share rising 6.2% to a record $57.55 (£47.10) in the six months to 31 July. This was supported by portfolio valuation gains of 5.6%, with infrastructure (+11.4%) and European holdings (+13.4%) leading the way. Realisations, or sales, totalled $142m […]
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18 Sep 2025 2 min read
Morning briefing: Foresight Solar mulls offers for Australian assets; plus CORD, NAS, GROW & GPE
Half-year results from 10%-yielding Foresight Solar, a first quarter update from Cordiant Digital Infrastructure, plus a new broker for North Atlantic Smaller Companies and share buying by the boss of Molten Ventures. Foresight Solar (FSFL) has received indicative offers from bidders for its Australian portfolio and will “carefully consider” whether to sell and return some […]
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12 Jul 2024 1 min read
QuotedData’s weekly news show 12th July 2024
Thank you to everyone that listened in today on our YouTube channel. In this week’s show, James Carthew covered the week’s top stories: Chrysalis (0:22) Schroder British Opportunities (0:39) Molten Ventures (0:51) Edinburgh Worldwide (1:05) Odyssean (6:08) Sirius Real Estate (9:25) This week’s interview was with Kenneth MacKenzie from Target Fund Managers – watch it again here.
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07 Sep 2022 1 min read
QuotedData’s morning briefing 7 September 2022
In QuotedData’s morning briefing 7 September 2022: SDCL Energy Efficiency Income Trust (SEIT) says its issue was oversubscribed and has been expanded to £135m, accordingly the company will issue a total of 118,421,053 new ordinary shares at 114p of which 5,139,370 relate to the retail investor offer. It is expected that dealings in the new […]
