News Formal

Tech-focused VC Molten unveils new €50m Irish fund

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 71%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The fund has a ten-year lifespan, with future investments expected to be made over a three year period subject to the existing Molten investment criteria.

Molten Ventures, the Dublin and London-listed tech venture capital firm, has announced a new €50 million Irish-focused fund.

The VC, formerly known as Draper Esprit, is committing the lion’s share of the fund with a €27.7 million commitment. The new fund also includes a €22.5 million commitment from the Ireland Strategic Investment Fund . Molten, said two existing Irish portfolio investments will be transferred into the fund at their net asset value generating immediate cash ...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tech-focused VC Molten unveils new €50m Irish fundMolten has been a significant backer of Irish tech companies in recent years with the likes of Manna, Sweepr, &Open and Vaultree, included in its portfolio
Source: businessposthq - 🏆 8. / 71 Read more »

Connected newsletter: Stripe pumps money into Irish unit, big tech updates investorsConnected at the Business Post is your source for the news that matters in technology and innovation, all told from an Irish perspective
Source: businessposthq - 🏆 8. / 71 Read more »

European shares slip on mixed earningsIrish market flat while British banks take drubbing
Source: IrishTimesBiz - 🏆 6. / 77 Read more »