12 May 2022

Molten Ventures Plc

("Molten", the "Group" or the "Company")

Investment Update

Molten (LSE: GROW, Euronext Dublin: GRW), a leading venture capital firm investing in and developing high growth digital technology businesses, today is pleased to announce that its portfolio company Aiven, the Finland-based software company combining the best open-source technologies with cloud infrastructure, has closed an externally led Series D funding round.

Aiven raised $210M, giving the company a pre-money valuation of $3B, a significant uplift on earlier rounds. Molten's interest in Aiven is held through the Earlybird partnership. The company aims to use the new funding to continue its international expansion, double its employee base, develop new platform capabilities and launch a global sustainability program.

An uplift in Aiven's valuation was anticipated in the trading update released on 28 April 2022 which highlighted an expected NAV per share of not less than 929p. The carrying value of Molten's holding in Aiven will be finalised as part of the ongoing year-end process in the Final Results scheduled for 13 June 2022.

-ENDS -

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About Molten Ventures

Molten Ventures (LSE: GROW, Euronext Dublin: GRW) is one of the most active venture capital firms in Europe, developing and investing in disruptive, high growth technology companies. We believe it is our role to support the visionary entrepreneurs who will invent the future. We fuel their growth with our 'energy' in the form of long-term capital, access to international networks and decades of experience building businesses.

As at 30 September 2021, Molten Ventures is a shareholder in a diverse portfolio of 70+ companies with 17 of those part of our core portfolio which accounts for 68% of our holdings. Our core companies include Trustpilot, Graphcore, Revolut, Ledger, and Aiven. We invest across four sectors: Consumer Technology, Enterprise Technology, Hardware and Deeptech, and Digital Health and Wellness, with highly experienced partners constantly looking for new opportunities in each. We look for high-growth companies operating in new markets, with a serious potential for global expansion, strong IP, powerful technology, and management teams to deliver success. We also look for businesses with the potential to generate strong margins to ensure rapid, sustainable growth in substantial addressable markets.

Molten Ventures provides an opportunity for public market investors to access these fast-growing tech businesses, without having to commit to long term investments with limited liquidity. Since turning public in June 2016, we have deployed over £700m capital the portfolio and have realised over £380m to 30 September 2021.

For more information, go to: https://www.moltenventures.com/