Molten Ventures Hits First Close of €203M Growth Fund for European Tech

Ben Wilkinson, Chief Executive Officer of Molten Ventures, said securing the British Business Bank as cornerstone investor endorses the firm's strategy and the relationship built over many years, and pointed to the importance of drawing more long-term institutional capital into venture and growth investing so that ambitious UK and European technology companies can scale, EU-Startups reported.

According to the same report, Molten Ventures has completed more than 40 growth-profile deals and invested over £700 million, a track record the new fund builds on with a dedicated vehicle for scaling companies.

EU-Startups noted the raise sits alongside other new European technology fund formation in 2026, including a €750 million first close from Barcelona-based Kembara.

AI Startups Draw Cross-Border Funding, From London Hiring Agents to Riyadh Procurement

Four AI-focused startups across the UK, Saudi Arabia, Lithuania and the US disclosed new funding rounds ranging from €1.7 million to $875 million.