Molten Ventures is structurally different from a typical venture firm: it's a publicly listed venture platform, originally founded in 2006 as Esprit Capital and later known as Draper Esprit before its 2021 rebrand. That listed structure means gross portfolio value and net assets are more meaningful than a generic 'AUM' figure, and the firm's liquidity model, secondaries capability, and listed-company disclosure cadence make it closer to a hybrid of venture manager and permanent-capital vehicle than a traditional closed-end fund. The current strategy is clearly thematic - enterprise, deep tech, healthtech, and climate-adjacent industrial technologies - backing founders 'from Series A and beyond,' with UiPath's post-IPO run to a $35.8 billion valuation as its highlighted signature outcome.
UiPath, which Molten highlights at a $35.8 billion closing price post-IPO