Revolut backer Molten Ventures hits £175M first close of growth fund
Tech.eu 1 month ago 14
Molten Ventures, a backer of Revolut, announced the £175m first close of its Ventures Growth Fund aimed at funding scale-ups and bridging the UK’s funding gap. The first close includes a £75m cornerstone investment from the British Business Bank. The fund plans to deploy capital into Series B and later rounds in the UK and Europe, and the British Business Bank’s role is intended to attract other investors to complete the £350m target total.