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 companies3
- CompanyValarianUK 'sovereign infrastructure' platform letting governments run AI workloads under their own control.
- CompanyICEYEFinnish synthetic aperture radar satellite constellation for persistent intelligence and surveillance.
- CompanyIsar AerospaceGerman small satellite launch vehicle developer for sovereign European access to space.
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.
Sources & citations3
3 sources behind every claim
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