Molten Ventures Regulatory News (GROW)

Molten Ventures plc("Molten Ventures", "Molten", the "Group" or the "Company")

Completion of M-Files Exit

Molten Ventures (LSE: GROW, Euronext Dublin: GRW), a leading venture capital firm investing in and developing high-growth digital technology businesses, announces the successful completion of the M-Files exit, following regulatory approvals.

Molten first invested in M-Files, an intelligent file management platform and leader in knowledge work automation using generative AI, in the Series A in 2013. The exit has delivered a 7.4x multiple on invested capital. Total Group realisations for the financial year have now reached £124 million (£76 million reported for the first six months), exceeding the £100 million guidance provided at the start of the financial year.

Ben Wilkinson, Chief Executive Officer of Molten Ventures, commented:

“We are pleased with the heightened level of realisations delivered so far this financial year, particularly as they have been completed at or above holding value, validating the quality of our portfolio and the diligent approach to our valuation methodology. The highly successful completion of the M-Files exit along with the other realisations has generated meaningful cash proceeds that will allow us to take advantage of further attractive investment opportunities.

“While realisations have already exceeded our original expectations for the financial year, with the larger anticipated exits having completed there remains the potential for further smaller exits. Our core focus is on active management of the portfolio and driving strong returns for investors.”

 ENDS

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About Molten Ventures

Molten Ventures is a leading venture capital firm in Europe, developing and investing in disruptive, high growth technology companies. We inject visionary companies with energy to help them transform and grow. This energy comes in many forms - capital, of course, but also knowledge, experience, and relationships. We believe it is our role to support the entrepreneurs who will invent the future, and that future is being built, today, in Europe.

As at 30 September 2024, Molten Ventures had a diverse portfolio with shareholdings in 100+ companies, 18 of which represent our Core Portfolio holdings and account for 61% of the Gross Portfolio Value. Our core companies include Revolut, Thought Machine, Coachhub, Form3, Aiven, Ledger and Aircall. We invest across four sectors: Enterprise Technology, Hardware and Deeptech, Consumer Technology, and Digital Health and Wellness, with highly experienced partners constantly looking for new opportunities in each. We look for high-growth companies operating in new markets, with aspirations for global expansion, strong IP, powerful technology, and strong management teams to deliver success. We also look for businesses with the potential to generate strong margins to ensure rapid, sustainable growth in substantial addressable markets.

Molten Ventures provides a unique opportunity for public market investors to access these fast-growing tech businesses, without having to commit to long term investments with limited liquidity. Since our IPO in June 2016, we have deployed over £1bn capital into fast growing tech companies and have realised over £600m to 30 September 2024.

For more information, go to https://investors.moltenventures.com/investor-relations/plc