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Molten Ventures sells another stake in Revolut
(Sharecast News) - Venture capital firm said it had sold a further stake in fintech Revolut, generating proceeds of around £63m.
Molten has now realised proceeds of around £120m from its investment in the banking and investment app, delivering a multiple on invested capital of approximately 20 times.
It still holds a stake worth £110m based on the anticipated March 31 year-end valuation.
Reporting by Frank Prenesti for Sharecast.com
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