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Molten Ventures

London-listed European VC (formerly Draper Esprit), rebranded from Draper Esprit in November 2021; led Valarian's (then Worldr) $11M seed round in November 2022; portfolio includes ICEYE and Isar Aerospace.

Molten Ventures is a London-listed European venture capital firm, originally founded as Esprit Capital in 2006 and rebranded from Draper Esprit to Molten Ventures in November 2021. It backs founders across Enterprise & SaaS, AI/Hardware/Deeptech, Consumer Technology, and Digital Health & Wellness, typically entering at Series A/B and following on to growth/pre-IPO as a publicly listed evergreen vehicle. Reported Gross Portfolio Value of £1,367M as of FY25. Led Valarian's (then Worldr) $11M seed round in November 2022.

Overview

Firm
Molten Ventures plc
Headquarters
London, United Kingdom
Founded
2006
AUM
£1,367M gross portfolio value (FY25, year ended 31 Mar 2025)
Stages
Series A, Series B, Growth
Thesis
Backs founders across Enterprise & SaaS Technology, AI/Hardware/Deeptech, Consumer Technology, and Digital Health & Wellness; typically enters at Series A/B and follows on to growth/pre-IPO as a publicly listed evergreen vehicle

Portfolio companies1

Partners1

Frequently asked

What is Molten Ventures?
Backs founders across Enterprise & SaaS Technology, AI/Hardware/Deeptech, Consumer Technology, and Digital Health & Wellness; typically enters at Series A/B and follows on to growth/pre-IPO as a publicly listed evergreen vehicle
How much does Molten Ventures manage?
Molten Ventures manages £1,367M gross portfolio value (FY25, year ended 31 Mar 2025) in assets, and was founded in 2006.
What stages does Molten Ventures invest at?
Molten Ventures invests at Series A, Series B, Growth.

Tags

vcdeep-techukeurope

Sources & citations3

Each claim links to its underlying source. Confidence reflects how directly the source supports the claim.

  1. 1

    Leading European VC Draper Esprit rebrands to Molten Ventures

    UKTN: Leading European VC Draper Esprit rebrands to Molten Ventures
    Verified2021-11-09
  2. 2

    Molten Ventures FY25 annual results: Gross Portfolio Value £1,367m

    Molten Ventures: Molten Ventures Annual Results FY25
    Verified2025-06-11
  3. 3

    Molten Ventures leads seed round in Valarian (formerly Worldr), $11M seed, co-investors IQ Capital, Playfair Capital, Pretiosum Ventures, Navigate VC, MD One Ventures

    Molten Ventures: Molten Ventures leads seed round in Valarian (formerly Worldr)
    Verified2022-11-07