Molten Ventures forms secondaries team

Venture capital firm Molten Ventures has appointed three specialists to establish a dedicated team focused on expanding its secondary investment strategy.

Malcolm Ferguson and Nick Sando have joined from Octopus Ventures, where they supported high-growth technology businesses and advised founders on areas including liquidity and cap table management.

Malcolm said: “Molten has been at the heart of European technology for more than two decades, building trusted relationships with founders, investors and partners across the continent. 

“With that network and experience including liquidity events for companies like Revolut, Trustpilot and UiPath, Molten is in a unique position to take our work in secondaries to the next level. 

“I’m really excited to lead this new team, focusing on great businesses that are a little further along in their journeys and working alongside the wider Molten team to deliver strong outcomes for everyone involved.”

They are joined by Steven Mendel, co-founder and former chief executive of ManyPets, which he helped scale to unicorn status over more than a decade.

The new team will focus on building Molten’s secondary investment capability and raising a dedicated third-party fund to invest alongside the firm’s existing portfolio.

Ben Wilkinson, chief executive of Molten Ventures, added: “We are delighted to welcome Malcolm, Nick and Steven to Molten. 

“The secondaries market continues to evolve, and their combined experience will be instrumental as we build a differentiated and scalable secondaries capability. 

“Secondaries are an important part of our platform, complementing our strategic emphasis on Series A and B opportunities by providing access to high-quality, later-stage assets with more immediate pathways to liquidity. 

“Building a dedicated team to leverage our existing platform is a natural next step as we scale this capability, deepen origination across the European venture ecosystem and continue to deliver disciplined, NAV accretive capital deployment for shareholders.”

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