– UK, London – Molten Ventures plc (LON: GROW, Euronext Dublin: GRW), a leading venture capital firm investing in and developing high-growth digital technology businesses, announced the appointment of current CFO Ben Wilkinson as CEO, succeeding Martin Davis who will be stepping down with immediate effect.
Finance Director Andrew Zimmermann will step up as Interim CFO.
Laurence Hollingworth, Chairman, said: “Maintaining a strong focus on succession planning has been among the Board’s priorities in 2024 and we are delighted to be making two internal promotions to create a strong top team. Ben has been instrumental in maintaining a robust balance sheet and executing on the Company’s strategy over his eight years as CFO at Molten. We look to Ben to continue to scale Molten, drawing on his deep knowledge of the business and its people.”
Ben Wilkinson added: “I am grateful to the Board for the opportunity to continue the evolution of the business. The Molten Ventures platform is significantly larger than when I joined immediately post-IPO and has incredible potential for the next phase of growth, with a strong investment team supported by a platform team with a unique skillset. I look forward to outlining our growing vision for the business and can assure all stakeholders that we will continue our focus on supporting the best founding teams in the most exciting technology sectors, supported by intelligent capital management.”
About Molten Ventures
Molten Ventures is a leading venture capital firm in Europe, developing and investing in disruptive, high-growth technology companies. We inject visionary companies with energy to help them to transform and grow. This energy comes in many forms – capital, of course, but also knowledge, experience, and relationships. We believe it is our role to support the entrepreneurs who will invent the future, and that future is being built, today, in Europe.
As of 30 September 2024, Molten Ventures had a diverse portfolio with shareholdings in 118 companies, 20 of which represent our Core holdings and account for 62% of the Gross Portfolio Value. Our Core companies include Thought Machine, Coachhub, Aiven, Ledger, and Aircall. We invest across four sectors: Enterprise Technology, Hardware and Deeptech, Consumer Technology, 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 high potential for global expansion, strong IP, powerful technology, and strong 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.
A member of the London Stock Exchange’s FTSE 250, Molten Ventures provides a unique opportunity for public market investors to access fast-growing tech businesses, without having to commit to long-term investments with limited liquidity. Since our IPO in June 2016, we have deployed over £1bn capital into fast-growing tech companies and have realized circa £600m by 30 September 2024.
For more: https://www.moltenventures.com/
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