REG-Molten Ventures Plc Completion of M-Files Exit

Molten VenturesAnnouncement

03/12/2024 07:00

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   Molten Ventures Plc (GROW; GRW)
   Completion of M-Files Exit

   03-Dec-2024 / 07:00 GMT/BST

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                              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

   Enquiries

   Molten Ventures plc
                                                       +44 (0)20 7931 8800
   Ben Wilkinson (Chief Executive Officer)
                                                        1 ir@molten.vc
   Andrew Zimmermann (Interim Chief Financial Officer)
   Deutsche Numis

   Joint Financial Adviser and Corporate Broker

   Simon Willis                                        +44 (0)20 7260 1000

   Jamie Loughborough

   Iqra Amin
   Goodbody Stockbrokers

   Joint Financial Adviser and Corporate Broker,

   Euronext Dublin Sponsor
                                                       +44 (0) 20 3841 6202
   Don Harrington

   Tom Nicholson

   William Hall
   Sodali & Co.
                                                       +44 (0)7970 246 725/
   Public relations
                                                       +44 (0)771 324 6126
   Elly Williamson
                                                        2 molten@sodali.com  
   Jane Glover

    

   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

    

    

    

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GB00BY7QYJ50
   Category Code:  MSCM
   TIDM:           GROW; GRW
   LEI Code:       213800IPCR3SAYJWSW10
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   362617
   EQS News ID:    2042667


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:ir@molten.vc
   2. mailto:molten@sodali.com


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