Anyone know what valuation/share price this implies?
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This is my rough calculation based on me believing that they invested at £3.77 but hard to know whether they have done subsequent investments which I think they will have so could lead to a lower price than the below as this price of £13.41 looks rather high imo given the current markets.
If anyone has an accurate figure for shares held by Molten then we could get the actual price they have.
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I recall that Molten/Draper invested in the Series A not the Series B. That would imply they are valuing FT at a discount of roughly 10% to the £3.77 share price.
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Draper invested in both A and B: Draper Esprit joins $69m Series B round in portfolio company, Freetrade.
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Share price is £3.77. The company issued 1.8m of shares in June 2022 at £3.77 per share
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That’s very odd, why are we seeing more Series B shares when that was done over a year ago.
Where have these extra Series B shares come from?
The company issued some series B shares in June at £3.77. Obviously the smaller shareholders have not been informed about the event…… (source: Companies House)
Maybe some were options, which have been exercised?
Usually employees get Ordinary shares. The Companies issued B Shares
Options are B Ordinary (not Series B) from what I recall or G1 shares with their very low valuation hurdle.
Options are B Investment shares that are different from B Shares
Don’t forget to factor in 
Hooves Of Doom
Freetrade is my single biggest holding by a huge factor, too big of a factor really. I should probably diversify with future piles of cash.
Adam’s AMA earlier in the year suggested that they would be releasing quite a few new ‘things’ this year. I can’t help but feel that the lack of a Europe wide rollout is going to hurt the overall valuation but I just hope that the new feature-set is enough to increase revenue + users and partially offset that.
trot trot trot
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The campaign was cancelled.
Emails from Seedrs:
"We would like to provide an update on the Freetrade secondary share sale in which you purchased shares earlier this year.
As you’ll no doubt be aware, the financial markets are currently experiencing a period of volatility. This has affected businesses and investors alike, presenting a variety of challenges for companies around the world.
As a fast-growing growing business, Freetrade is currently navigating these challenges. Since the secondary share sale on Seedrs in February, Freetrade announced a £30m fundraise in May through a convertible, as well as announcing that the team has taken the difficult decision to implement redundancies.
We recognise the change in market conditions may change the basis on which you invested.
The secondary share sale was offered at the same share price as the November 2021 valuation (~£650m). We have received feedback from some investors that they feel the price at which they purchased shares in February 2022 reflects a premium, given current market conditions. Furthermore, the terms of the £30m convertible raise are not publicly available and may be important to the decision of some investors.
Given that the Freetrade team’s focus is - rightly - elsewhere at present, we are unable to confirm the timeline to complete this transaction. We appreciate that investors may feel that their cash may be best placed elsewhere.
As such we are proactively providing you with the option to cancel your purchase of Freetrade shares. If you do wish to do so, funds will be returned to you. If you wish to cancel your investment, please complete the form linked below. If you wish to proceed, please indicate accordingly.
Please note that if the appetite to invest amongst all investors significantly decreases we will need to cancel the share sale in its entirety. If this happens, we will inform all investors and return all funds.
Kind regards,
The Seedrs Team"
And then:
"Thank you for investing in Freetrade - Angel Secondary. The campaign has been cancelled and all funds are being returned to investors.
We recently contacted you about the Freetrade secondary share sale in which you purchased shares earlier this year.
In that message we provided investors the ability to cancel their investment and have funds returned to them. The feedback we have received from investors means that there is now insufficient demand for it to be commercially viable to complete the transaction for the parties involved. As a result, we have decided to return funds back to all investors.
If you have any queries please get in touch with support@seedrs.com."
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I have no idea what any of that means 
Can I buy a cow adapted speedboat with my Freetrade shares or should I be thinking of selling some of my own butt to Burger King to make ends meet?!
Either way, I’m looking forward to August’s shareholder comms and some more features before the end of the year. Hooves crossed it includes LISAs.
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Looking forward getting more details on this in August.
Is it me or is that a very low floor price given Freetrade just raised at £9.25 from the crowd a few months before the convertible note?
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I’m not sure what is going on, but hopefully the comms in August will clear everything up.
In the meantime, I’ve topped up my holding in Molten (formerly Draper Esprit) to indirectly increase my holding in Freetrade and get some exposure to Revolut. Took the opportunity now as the Molten share price is well down from its 12 month high.
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Good to see they still have Revolut @GBP394/share…
re: Molten Ventures