Change of Name to Molten Ventures

RNS Number : 7262R

Draper Esprit PLC

09 November 2021

 

Draper Esprit PLC

9 November 2021

Molten Ventures plc

(formerly Draper Esprit plc)

("Molten", the "Group" or the "Company")

Change of name to Molten Ventures plc

The Company (LSE: GROW, Euronext Dublin: GRW), a leading venture capital firm investing in and developing high growth digital technology businesses, announces that it has changed its name from Draper Esprit plc to Molten Ventures plc.

The rebranding is in response to the company's transformation of recent years, accelerated company growth and recent inclusion in the FTSE 250, and a recognition of its unique role in the democratisation of venture capital. There is also a new website, moltenventures.com and a new motto, 'Make More Possible'.

Make More Possible reflects Molten's unique contribution as a listed venture capital firm. Molten invests in Europe's best entrepreneurs and seed funds, helping them to make more possible. Further, because it is listed, the rewards of Molten's investments make more possible for public market investors, not just a small club of LPs.

Martin Davis, CEO at Molten said:

"Our rebrand to Molten Ventures plc is rooted in the team's long experience of transformation - both our own, and our successful efforts to help our portfolio do the same. It encapsulates that moment when VCs give their energy to help companies succeed and indicates what transformation means to us - for our portfolio, for our investors and for our society, we "make more possible". Our new motto also reflects our unique contribution as a listed venture capital firm to identify and fully support the vision of Europe's most successful companies and in doing so deliver value for our shareholders."

The Group's stock market TIDM (LSE: GROW, Euronext Dublin: GRW), the Company's ISIN (GB00BY7QYJ50) and SEDOL (BY7QYJ5) will remain unchanged and existing share certificates will continue to be valid. The change of name will take effect on the London Stock Exchange and Euronext Dublin from 8.00 a.m. on 10 November 2021.

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Enquiries

Molten Ventures plc Martin Davis (Chief Executive Officer) Ben Wilkinson (Chief Financial Officer)	[phone]
Numis Securities Joint Financial Adviser and Corporate Broker Simon Willis Richard Thomas Jamie Loughborough	[phone]
Goodbody Stockbrokers Joint Financial Adviser and Corporate Broker, Euronext Dublin Sponsor Don Harrington Charlotte Craigie Linda Clarke	[phone]
Powerscourt Public relations Elly Williamson Jane Glover	[phone] / [phone]

About Molten Ventures plc

Molten Ventures plc is one of the most active venture capital firms in Europe, investing in disruptive, high growth technology companies. We believe the best entrepreneurs in Europe are capable of building the global businesses of the future. We fuel their growth with long-term capital, access to international networks and decades of experience building businesses.

As at 31 March 2021, Molten is a shareholder in a diverse portfolio of 70+ companies with 17 of those part of our core portfolio which accounts for over 60% of our holdings. Our core companies include UiPath, Aircall, Graphcore and Revolut. We invest across four sectors: Consumer Technology, Enterprise Technology, Hardware and Deeptech, and Digital Health and Wellness, with highly experienced partners constantly looking for new opportunities in each. We look for high-growth companies operating in new markets, with a serious potential for global expansion, strong IP, powerful technology, and management teams to deliver success. We also look for businesses with the potential to generate strong margins to ensure rapid, sustainable growth in substantial addressable markets.

Molten provides an opportunity for public market investors to access these fast-growing tech businesses, without having to commit to long term investments with limited liquidity. Since IPO to the AIM market of the London Stock Exchange plc in June 2016, we have deployed circa £550m+ capital into fast growing tech companies and have realised over £300m.

For more information, go to www.moltenventures.com

 

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