Molten Ventures shares rise after £175 million first close for growth fund
Shares in Molten Ventures Plc (LSE:GROW) rose nearly 2% to 695p after the venture capital firm announced the first close of its new Growth Fund at £175 million. The gain followed confirmation that the British Business Bank had committed £75 million as a cornerstone investor in the fund.
Why it matters — The first close of the Growth Fund with a cornerstone commitment from the British Business Bank signals early institutional support for a new capital-raising initiative relevant to GROW.