Dublin-listed Molten acquires Forward Partners in £41.4m deal

Tech-focused VC firm, which is a big backer of Irish start-ups such as Manna and Vaultree, to raise £50m in a new equity raise

Nicola McClafferty who leads Molten Ventures in Ireland Picture: Fergal Philips

Molten Ventures, the Dublin and London-listed venture capital firm, has acquired Forward Partners, an early VC funder, in a £41.4 million (€47.7 million) deal.

It has also announced a new £50 million equity raise through a non-pre-emptive placing and subscription of new shares at an issue price of 270 pence.

Molten, which is led in Ireland by Nicola McClafferty,  unveiled a new €50 million Irish-focused fund in July. The VC has been a significant backer ...