9th Sep 2025 09:55
(Alliance News) - Molten Ventures PLC on Tuesday said it has acquired a majority stake in Speedinvest Continuation Fund I, and sold 15% of its shares in digital banking firm Revolut Ltd.
Both Molten and Speedinvest are venture capital investors in technology companies. London-based Molten, which focuses on Europe's tech sector, has committed to pay EUR18 million for a 58% share of the Speedinvest fund.
Previously, Vienna-based Speedinvest has backed cryptocurrency trading platform Bitpanda, AI training service Coachhub and marketing data company Adverity. Molten noted that it does not expect to provide additional funding to Speedinvest's portfolio firms.
The acquisition is in line with Molten's "strategy of securing high-quality secondary investments", it said, with the investor typically offering liquidity to more mature assets which it considers to have more short-term realisation potential.
Separately on Tuesday, Molten said it has sold a further 15% of its shares in Revolut, the online bank founded in Lithuania which moved into its new London headquarters in May.
Molten valued the partial realisation at GBP25 million, which it said was "consistent" with the investment's last reported net asset value. The venture capital firm has backed Revolut since 2018.
As of Tuesday, Molten estimated total realisation proceeds upward of GBP57 million in financial 2026 , around 4% of the year's opening gross portfolio value.
The company said it continues to weigh investments against shareholder returns via its ongoing buyback scheme, noting GBP40 million in buybacks since July 2024. This is around 5% of capital to-date, Molten said, and "significantly" exceeds guidance.
"This latest partial realisation of our holding value in Revolut contributes further to our capital base while retaining exposure for potential future upside. With our investment in Speedinvest, we continue to execute on our strategy of creating additional value opportunities through high-quality secondary acquisitions. We continue to drive value for our shareholders through our ongoing share buyback programme whilst maintaining strong reserves," commented Chief Executive Ben Wilkinson.
Molten is expected to update on first-half trading on October 23, before releasing interim results on November 25.
The company's shares traded 0.4% lower at 367.80 pence on Tuesday morning in London.
By Holly Munks, Alliance News reporter
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