Molten Ventures Plc (GROW) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

There's now 400 unicorns in the market and when we talk about secondaries that's quite an important point because illiquid parts in the market clearly need liquidity and as companies stay private for longer that's very much a trend that we feel we can benefit from and support. Globally we're in the midst of this generational shifting technology and Europe has been for many years a key generator of IP and so the opportunity for us to invest in these businesses is very profound. The main theme that we're going to be talking to is these structural shifts that are occurring. And I think that's a very important point because these aren't cyclical, they're structural. And it's led to the recognition of the need for European sovereignty and resilience in its defense, but also in the technology assets. So the underpinning assets, be that cloud computing or be that payment infrastructure, there's a lot more focus on this and a lot more capital coming into this ecosystem. There still exists a structural gap to capital in the market and this is exactly in the space where Moulton is investing at the growth stage. We're thinking sort of 20 million plus tickets. So our strategy of growing the PLC balance sheet but also growing our third party assets is really to ensure we can consistently address this part of the market. So how do we take advantage of those opportunities? We built a platform at Moulton. We have three strategies for investing. The direct strategy has always been the core of what we do. That's series A investing, but most of our capital going to series B companies and the opportunities where the go-to-market strategies have been proven. Again, that scaling gap where deeper tickets of investment are required. We believe that Venture is a distinct asset class so even ...