Molten Ventures has reported a strong first half of the year, with its net asset value per share rising 7.2% to around 719p and gross portfolio value increasing 5.5% to £1.43 billion.

The venture capital firm realised £62 million in cash proceeds during the period, following £135m last year.

Exits achieved an average 2x multiple on invested capital, including Revolut at 20x, Freetrade at 1.5x and Lyst at 0.7x.

Another £33m was deployed into new and follow-on investments, including Duel, General Index and Speedinvest Continuation Fund I, while a further £38m has been returned to shareholders through buybacks, with an additional £10m now committed.

The London-based firm said its portfolio remains resilient and well-funded, with strong growth across core holdings in FinTech, space, AI, and digital health.

The company ended the period with £76m in group cash, another £23m from managed funds, and an undrawn £60m revolving credit facility.