An IMGlobalWealth.com New Report
Revolut’s latest secondary share sale, which values the fintech at an eye-catching $75bn, is prompting one of its most prominent backers, Molten Ventures, to further reduce its exposure.
The London-listed venture capital firm has already sold £26.3m worth of shares and is preparing to release more as it seeks to rebalance its portfolio after the valuation jump.
“Shares in Molten Ventures rose 5.1 per cent to 441p following the update”
Molten still holds a sizeable stake worth roughly £152m, making it one of the most significant investors in Revolut’s diverse shareholder base.
The new valuation, driven by strong demand from heavyweight investors including Nvidia’s venture arm, marks one of the most substantial private-market uplifts for a European fintech this year.
In comments reported by City A.M., Ben Wilkinson, Molten’s chief executive, said the firm does not intend to wait for an eventual IPO to realise value. New investors entering at the $75bn mark, he noted, are generally underwriting expectations of a substantial uplift, potentially pushing Revolut’s implied worth beyond $100bn in the coming years.
For Molten, however, the issue is less about long-term confidence and more about portfolio concentration. Revolut now accounts for a disproportionately large share of Molten’s holdings, and the firm is seeking liquidity in stages to avoid running what Wilkinson described as an “unbalanced” position.
Molten may carry part of the stake into any future public listing but is unlikely to maintain a £200m exposure.
The recalibration comes as Molten reported a near-£100m increase in the value of its wider portfolio, which rose to £1.4bn by the end of September.
Gains from several major investments – among them French blockchain specialist Ledger, cloud-telephony provider Aircall, and satellite-imaging group ICEYE, offset a decline of more than £10m in the valuation of digital-coaching platform Coachhub.
Molten sees an improving backdrop for private-market exits. A partial revival in London’s IPO market has lifted sentiment, and the firm believes multiple portfolio companies could be viable listing candidates in the coming cycle.
Alongside potential floats, Molten is also advancing a pipeline of “strategic M&A and realisation opportunities,” spanning trade sales, cross-border acquisitions, and selective public-market routes.
These exit pathways, the firm says, represent the natural progression for its more mature holdings. Molten expects continued realisation activity as markets stabilise and valuations recover.
Shares in Molten Ventures rose 5.1 percent to 441p following the update, extending a rally that has left the stock more than one-third higher since the start of the year.
