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LONDON - Venture capital firm Molten Ventures (LSE:GROW) has committed €18 million to acquire a 58% majority stake in Speedinvest Continuation Fund I, according to a company statement Tuesday.
The investment aligns with Molten’s strategy of securing secondary investments in venture capital funds. Speedinvest is known for backing European growth companies including Bitpanda, CoachHub and Adverity.
In a separate transaction, Molten sold approximately 15% of its holding in fintech company Revolut, generating proceeds of about £25 million. The company stated that the sale was made at a valuation consistent with the last reported net asset value for this investment.
Including previously announced exits from Lyst and Freetrade, Molten’s total proceeds for the current financial year have exceeded £57 million, representing about 4% of the opening gross portfolio value for fiscal year 2026.
The company has committed £40 million to share buybacks since July 2024, representing approximately 5% of issued share capital to date. This exceeds the company’s guidance of allocating 10% of its £192 million in recent realisations to buybacks.
"This latest partial realisation of our holding value in Revolut contributes further to our capital base while retaining exposure for potential future upside," said Ben Wilkinson, Chief Executive Officer of Molten Ventures, in the press release.
Molten Ventures will issue a trading update for the six months to September 30, 2025, on October 23, followed by half-year results on November 25.
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