International law firm Simmons & Simmons has advised Molten Ventures on the launch of Molten Ventures Growth Fund I. Molten Ventures is one of the leading venture capital firms in Europe, with a pedigree in developing and investing in high growth technology companies.
The Growth Fund held a first closing of £175 million and will focus on backing growth-stage technology and technology enabled companies in the UK and Europe. The Growth Fund will invest in companies at the forefront of innovation across key technology sectors including space, AI, fintech, quantum, deeptech and hardware, providing them with the liquidity they need to compete globally, while giving Molten greater ability to build meaningful ownership positions in high-conviction businesses.
The British Business Bank has committed £75 million to the fund as cornerstone investor.
The Growth Fund is a continuation of Molten’s existing investment strategy of Series B+ investments, with a track record of more than 40 deals and over £700 million invested in the past ten years, delivering top-quartile returns. The fund offers private institutional capital the opportunity to invest at scale through a private fund structure, while benefiting from the public vehicle’s platform and governance.
Simmons & Simmons is a market-leading private capital law firm, which includes a focus on advising on the launch of European venture and growth capital funds.
The Simmons & Simmons team advising Molten Ventures was led by Partners Daniel Faundez (Private Funds), Camilla Jessel (Financial Services Regulation), Laura Allwright (Tax) and managing associate Daniella Koep (Tax).
