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StocksMediumUpdated•Originally published 7 September 2026•Updated 8 September 2026•
2 min read

Molten Ventures Reaches £175 Million First Close for Growth Fund

Key Facts

1The Growth Fund reached a £175 million first close.
2The British Business Bank committed £75 million, while Molten Ventures supplied the remaining £100 million.
3The first close represents 50% of the £350 million final target.
4Molten Ventures completed more than 40 growth-profile deals and invested over £700 million during 10 years.

London-listed Molten Ventures, ticker GROW, announced a £175 million first close for its Growth Fund, anchored by a £75 million commitment from the British Business Bank.

Molten Ventures supplied the remaining £100 million at first close. Capital raised so far represents 50% of the fund's £350 million final target.

The company said it would continue seeking additional investors. The private-fund structure allows institutions to invest alongside Molten Ventures' listed platform as part of its strategy to expand third-party capital under management.

The fund will target Series B+ investments in high-growth technology companies across the UK and Europe, focusing on space, AI, fintech, quantum, deeptech and hardware.

The British Business Bank says cornerstone commitments help fund managers reach a first close, attract additional private capital and execute their strategies at greater scale. Its investment supports the Bank's aim of increasing the availability and depth of growth funding for UK companies.

Molten Ventures says it has completed more than 40 growth-profile deals and invested over £700 million during 10 years. Its investment relationship with the British Business Bank dates to 2018 and has included co-investments in UK technology companies.

The next step is to attract additional investors: reaching the £350 million fund target requires another £175 million. The first close therefore marks the start of strategy execution, not the end of fundraising.