TLDR:
- Molten Ventures acquires 19 per cent of SeedCamp’s third fund for €8.5 million.
- Seedcamp’s third fund amassed $30 million, with investments in companies like Revolut, Pleo, and Grover.
London-based Molten Ventures has acquired approximately 19 per cent of SeedCamp’s third fund for €8.5 million. Seedcamp’s third fund, announced in 2014, was a pivotal moment for the firm, shifting its focus from the ‘Art of the Start’ to the ‘Art of Scale.’ This fund included investments in companies like Revolut, Pleo, and Curve.
Molten Ventures, known for its strategy of acquiring portfolios with high potential for near-term realisation, has previously acquired secondary positions in Seedcamp Funds I and II. The CEO of Molten Ventures, Martin Davis, expressed satisfaction with the transaction and the opportunity to deepen the relationship with Seedcamp.
Overall, Molten Ventures continues to expand its presence in the European tech startup scene, with strategic acquisitions like Forward Partners and now a significant stake in SeedCamp’s third fund.
