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Molten Ventures VCT Launches £30 Million Fundraise
Nicholas Hyett, Investment Manager at Wealth Club commented:
“Molten Ventures VCT is managed by one of the largest, best established venture capital teams in the UK. It’s nearly ten years since Molten took over management of the VCT and, after a lengthy transition, we’re starting to see the fruits of their investment strategy come through.
In the last 18 months the VCT has reported four exits, including selling breast cancer scanner Endomag to US listed Hologic, fraud detection business Ravelin to Worldpay and retail investment platform Freetrade to IG Group. While the portfolio still contains a handful of legacy holdings, the vast majority of the VCT’s money is now in the high growth tech companies typical of Molten Ventures.
Molten’s high-tech, high-growth investee companies are perhaps a bit riskier than the average VCT investment, and often take longer to mature. That might put some investors off Molten as a “core holding”, but it’s potential for outsized returns means it still has plenty to recommend it to experienced investors.”
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