Molten Ventures plc, the London-listed venture-capital group, has joined the race to run a £1bn tech fund backed by Burnham.
The move places Molten among the bidders looking to operate the Burnham-backed fund, signalling continued interest from publicly listed investors in technology-focused financing initiatives.
The fund is described as a major commitment to technology investment, with a mandate valued at £1bn.
Molten Ventures’ London listing provides the group with a public-market platform as it competes for the mandate to manage the fund.
The bid process is ongoing, and no final decision has been disclosed publicly.
The development highlights an ongoing push by investors and backers to channel capital into technology companies and scale-ups through leadership from listed investment firms.
