Molten Ventures anchors Speedinvest’s inaugural €30M continuation vehicle, alongside Acurio Ventures, gaining exposure to five standout companies primarily from Speedinvest II (2015 vintage).
Molten is pleased to announce that it has anchored Speedinvest’s first €30 million continuation vehicle that includes the partial acquisition of five highgrowth companies primarily from Speedinvest’s 2015 vintage fund, Speedinvest II.
Molten has taken a majority stake in the continuation vehicle for €18 million, representing c. 58% of the LP interests in the Fund. Speedinvest, based out of Austria, is one of the breakout fund managers from the Molten Ventures existing Fund of Fund programme, and one of Europe’s top seed and early-stage venture capital firms, with a track record of backing high-growth tech companies including Bitpanda, CoachHub (an existing portfolio company in the Molten Core), and Adverity. This commitment aligns with Molten’s stated strategy of complementing primary investing with access to high-quality later stage investments through secondaries and positions in other NAV-accretive opportunities including in this case via a continuation vehicle. Speedinvest does not anticipate any additional funding will be required for the underlying mature portfolio companies within the continuation vehicle.