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.
Molten has previously built positions in other leading seed and early-stage European funds through LP commitments or acquiring stakes via secondaries, including Earlybird, Seedcamp, and Connect Ventures. Molten’s secondary strategy leverages its network in the venture capital market to acquire portfolios of high-quality, mature assets—often at attractive discounts—providing both enhanced visibility on the future return of capital to investors and the potential for nearer-term realisation opportunities.
Ben Wilkinson, CEO of Molten Ventures, said: “As lead investor in Speedinvest’s first continuation fund, Molten gains direct exposure to a select group of proven and – in the case of CoachHub, particularly well-known – high-growth technology companies with attractive return profiles. This is squarely in line with our strategy: back the best and deliver for stakeholders. Molten has built a broad platform focusing on primary and secondary deals and is able to consistently and confidently deploy capital into NAV-accretive opportunities. Speedinvest’s platform and track record make this an ideal partnership to extend and amplify that approach.”