Business
Modo Energy Series B investment, and ICEYE fu...
Molten Ventures plc has invested £12.5 million in a £25 million Series B funding round for its Emerging Portfolio company Modo Energy, which will support international expansion. Additionally, Molten Ventures has partially realised its holding in ICEYE, generating circa £17.5 million in cash proceeds at a valuation above the September 30, 2025, mark, with its remaining stake valued at circa £85 million. These realisations bring the total cash proceeds for the current financial year to circa £104 million, contributing to Molten's target of 10% of opening gross portfolio value and supporting its share buyback program, of which circa £44 million has been completed. Disclaimer*
About this update from Molten Ventures Plc
[{"type":"text","content":"\n \n \n \n\n\t\n\n\n\n\n\n\n\n\n\n\n\nMolten Ventures Plc (GROW)\n\n\n\n\n\n\nModo Energy Series B investment, and ICEYE fundraise with partial realisation 09-Dec-2025 / 07:00 GMT/BST\n\n\nMolten Ventures plc(“Molten Ventures”, “Molten”, or the “Company”)\n\n \n\nModo Energy Series B investment, and ICEYE fundraise with partial realisation\n\n \n\nMolten Ventures (LSE: GROW), a leading venture capital firm investing in and developing high-growth digital technology businesses, is pleased to announce a Series B investment in Modo Energy and partial realisation of its holding in ICEYE. \n\n \n\nEmerging Portfolio investment\n\n \n\nMolten has led a £25 million Series B round by investing £12.5 million in its Emerging Portfolio company Modo Energy, a company building the global standard for benchmarking and valuing electrification assets. Molten first invested in Modo Energy in 2024; this new funding round will support Modo Energy’s international expansion into 20 markets and further enhance its platform. AI has the potential to transform how the world values and finances electrification; Modo Energy is uniquely positioned to lead this transformation through its ownership of the entire modelling stack and has already established the trust required across the financial ecosystem. This investment is in line with Molten’s articulated strategy of concentrating on its core expertise of leading Series A and B investments.\n\nCore Portfolio update\n\n \n\nICEYE has raised additional capital at an increased valuation following strong commercial traction. ICEYE operates the world’s largest synthetic aperture radar (“SAR”) satellite constellation, providing objective, near real-time insights to detect, understand, and respond to change on Earth, day or night, in any weather. SAR technology enables persistent monitoring by using radar pulses that penetrate clouds, smoke and darkness, supporting rapid response across defence and intelligence, security, disaster response and recovery, insurance, maritime monitoring, and finance sectors. With 62 satellites successfully launched to date, ICEYE plans to scale production to an average of one satellite per week from next year, deploying sovereign space capabilities for allied nations at unprecedented speed and scale.\n\n \n\nMolten first invested in ICEYE’s Series B rou...