ABOUT US

 

Draper Esprit was founded in 2006 with a mission to back Europe's most ambitious entrepreneurs.
We invest into visionary and growing companies and also have the ability to do direct secondary deals into late stage tech companies as well as buying entire venture capital portfolios. We raise funds from a variety sources and always are able to source capital for the best opportunities through our partnerships.

Leading institutional LPs have committed more than $1 billion to our funds historically, and we are one of the largest and most active VC firms in Europe. In 2016 we moved our Primary funds into a listed PLC model to allow us to take a longer term, multi-stage, patient capital approach. Please see our Investors section for more information.

In 2012, we launched our first angel EIS co-investment fund to enable founders, tech executives and HNW’s to invest alongside us to help build bigger networks for our portfolio companies. Through our angel EIS co-investment funds, we have successfully deployed capital on behalf of over a hundred personal investors into some of Europe’s fastest growing companies alongside our leading institutional investors. For more information contact Richard Marsh.

Draper Esprit has also been the most active secondary tech investor in Europe having acquired ten VC portfolios to date as well as direct stakes into later stage companies. Our total capital commitments for secondary transactions is over $400m and if you’d like to speak about a secondary opportunity please contact Jonathan Sibilia.

DRAPER ESPRIT FACTS

 
 

Funds raised to date

$1.15 BN

No. of investments made since foundation

+

Currently investing from

Our permanent capital PLC balance sheet, our annual EIS funds and deal-by-deal secondary funds
 
 

No. of countries with a Draper Esprit portfolio company

22

Exits since 2010

$4 BN

NEWS FEED
See all our newsworthy stories

 

RavenPack, the big data analytics platform used by 70% of the world’s leading hedge funds, secures $5 million backing from Draper Esprit

Posted by Isabella Cookson, 21 Mar 2017

RavenPack, the big data analytics provider for financial services, is today excited to announce it has secured $5 million backing from Draper Esprit (AIM:GROW, ESM: GRW), a leading venture firm involved in the creation, funding and development of high-growth technology businesses.

Privately financed to date, this is the first financing that the company has sought from a venture capital firm. The money raised from Draper Esprit will fast-track RavenPack’s mission to transform the way investors gain insights from unstructured data. International investment banking firm EOC Partners acted as advisor to RavenPack on the transaction.

“RavenPack has become a vital source of information for quantitative investors,” said Yin Luo, Vice Chairman of Wolfe Research and Wall Street’s top-ranked quantitative analyst (six years in a row by the Institutional Investor Equity Research Survey). “The RavenPack platform bridges the gap between systematic and fundamental investment managers exploring market anomalies and looking for an edge from unstructured big data.”

RavenPack is a high growth company with more than 100 customers worldwide. With over 50 developers, data scientists, and business professionals, the company has offices in New York, London, and Marbella (Spain). The company plans to double the size of its team, further develop its flagship big data analytics platform, and reach new verticals within financial markets.

“Receiving the backing of one of the largest and most active VC firms in Europe is a strong validation of our vision to help people make better decisions using big data,” said Armando Gonzalez, CEO of RavenPack.

“RavenPack’s core value lies in turning unstructured big data into real-time actionable insight to generate significant results. This is particularly relevant for banks, hedge funds, and asset managers who are fast becoming data hoarders. Their new platform will empower investors across the board to better understand volatile markets. We’re excited to be investing in a fintech company with a brilliant track record and look forward to working with them as they become an important cornerstone in the big data ecosystem.” Simon Cook, CEO Draper Esprit
– ENDS –
Notes to editors:

About RavenPack

RavenPack (http://www.ravenpack.com) is the leading big data analytics provider for financial services. Financial professionals rely on RavenPack for its speed and accuracy in analyzing large amounts of unstructured content. The company’s products allow clients to enhance returns, reduce risk or increase efficiency by systematically incorporating the effects of public information in their models or workflows. RavenPack’s clients include the most successful hedge funds, banks, and asset managers in the world.
About Draper Esprit
Draper Esprit (http://www.draperesprit.com) was founded in 2006, and is one of the largest and most active VC firms in Europe, helping entrepreneurs to build global ground-breaking technology companies. In 2016 it moved its primary funds into a listed PLC model (LSE: GROW.L) in order to take a longer term, multi-stage, patient capital approach. In recent years, Draper Esprit’s exits have generated more than $3 billion in combined enterprise value. Draper Esprit is the exclusive Western European member of the Silicon Valley-based Global Draper Network with offices around the world, with portfolio companies including Baidu, Skype, Space X, Tesla and Yammer and other world leading companies.

 

RavenPack Contacts:

Marc Pandolfi

Director of Sales & Marketing

+1 646 277 7339

mpandolfi@ravenpack.com

 

Draper Esprit PLC Contacts:

Isabella Cookson

Head of Marketing

+44 (0)20 7931 8800

Read more

British tech company POD Point secures investment to power surge in electric vehicle ownership

Posted by Isabella Cookson, 20 Feb 2017

Innovative electric vehicle charge point supplier, putting infrastructure in place to fuel EV boom in the UK and overseas

● POD Point launches new crowdfunding round as part of £9m fundraise led by Draper Esprit

● Investment to expand vital charging infrastructure for electric vehicles across UK

● Mission for EV charge point everywhere people park for more than hour by 2020

 

LONDON: POD Point, the UK electric vehicle charge point supplier, has launched a new £1.5m crowdfunding round, part of a larger £9m fundraise led by Venture Capitalist Draper Esprit. The funding round sees Draper investing £3m for new shares and £2m for secondaries alongside Barclays Capital who are providing £2m of venture debt and £550k additional equity investment has been secured from angel investors. POD Point has made £1.55m worth shares available to the public through Equity Crowdfunding platform Crowdcube.

Over the past two years, POD Point has already successfully raised £3.3m in two crowdfunding rounds, through Seedrs and Crowdcube.* The new investment will be used to expand​ the vital charging infrastructure necessary for widespread adoption of electric vehicles in the UK. POD Point’s target is to double turnover to £9m in the 2016/17 financial year and benchmark market growth thereafter.

POD Point​ is already a well established, leading player in this country’s EV sector, having manufactured and sold over 27,000 charging points since it was founded in 2009. This new investment is intended to fund the next stage of business growth, directly creating 50 new jobs in the UK, and helping to lay down the bedrock EV charging infrastructure to fuel the expansion of the market both here and in Europe. Following recent partnerships with Barratt Homes, Holiday Extra and Hyundai, POD Point intends to have one of its stations installed everywhere people park for an hour or more by 2020.

Globally, the Electric Vehicle market is going from strength to strength, driven by advances in technology, infrastructure developments and cost efficiencies. Here in the UK, over 38,000 plug-in vehicles were registered in 2016, compared to just 1052 over the same time period in 2011, a five-year growth rate of almost 3500%.** Tesla, the most world renowned player in the EV space, recently announced its Model 3, entry level offering for EV drivers, has already attracted over 400k+ deposits.

According to some reports, electric and hybrid vehicles are expected to make up over 7% of all new vehicle sales by 2020, and environmental pressures are already boosting this growth. Policies in the UK are set to create clean air zones in at least five cities by 2020, and in Europe the German Parliament has even moved to ban sales of new combustion engine powered vehicles by 2030. Little surprise then that investors are moving to capitalise on an industry that, ​globally, has a positive outlook for the coming years.

“This is a significant milestone for a sector that has been gathering momentum for some time,” said Erik Fairbairn, CEO, POD Point. “The way people use cars is changing and how they are powered is at the epicentre of that. Travel shouldn’t damage the earth, which is why we are building the most advanced intelligent charging network in the UK, the POD Point Open Charge Network.”

Simon Cook, CEO of Draper Esprit said “​POD point is leading the charge in the EV infrastructure market in the UK and Europe. We not only think that the EV market will develop at pace over the next decade, but that POD point is set to play a significant role in enabling adoption. We are proud to be backing a company who are committed to creating cleaner cities and mitigating climate change.”

Sean Duffy, ​Head of Technology, Media and Telecoms at Barclays, said: “We’re very attracted to POD Point. It’s a very good company; it’s a high growth business in a high growth market.”

Luke Lang, CMO and Co Founder at Crowdcube said: “POD Point is a perfect example of co-investment, with crowdfunding forming part of a larger investment round alongside VCs and institutional investors. We’re seeing more of this at Crowdcube, especially with businesses coming back to the platform for follow-on funding rounds.”

Crowdcube Risk Warning:- Investing involves risk and should be done only as part of a diversified portfolio. Investing equity in startups and early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution. Crowdcube is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. Approved as a financial promotion by Crowdcube Capital Limited which is authorised and regulated by the Financial Conduct Authority (No. 650205).

 

– Ends –

Notes to Editors:

* POD Point funding timeline: December 2014 – £1.45m via crowdfunding platform Seedrs January 2016 – £1.81m via crowdfunding platform CrowdCube November 2016 – £x.xm in via crowdfunding platform Crowdcube, venture capital (Draper Esprit) and debt finance (Barclays) February 2017 – £9m in via crowdfunding platform Crowdcube, venture capital (Draper Esprit) and debt finance (Barclays)

** The number of plug-in vehicles sold (year to date) in 2011 totalled 1052, compared to 2016 at 30,489 to date. This has created a growth rate of 2898%

Read more

We support creative European founders in turning their products into global companies

STAGES OF FUNDING
Our strategy is to invest in companies that create new markets or disrupt old ones

We invest in every stage of building disruptive technology companies. This includes getting in early with seed and Series A deals, all the way up to growth opportunities. We also have the capabilities to invest into secondary transactions in later stage companies as well as buying entire funds from other tech investors. Check out our current portfolio to see the stage and sectors that we are most active in.

 
 

Systems & Semiconductors

Aveillant

Systems & Semiconductors Sector
3D holographic radar and radater data services
Lead Partner: Alan Duncan
Connect to company:
aveillant.com

Mobile

Bitbar

Mobile Sector
Automated mobile software build and testing solutions
Connect to company:
testdroid.com

Enterprise & Data

Bright Computing

Enterprise & Data Sector
The leading provider of cluster management software
Connect to company:
www.brightcomputing.com

Health & Wellbeing

Clue

Health & Wellbeing Sector
Period and Ovulation Tracker for iPhone and Android
Lead Partner: Vishal Gulati
Connect to company:
www.helloclue.com

Enterprise & Data

Conversocial

Enterprise & Data Sector
Cloud-based enterprise social customer service
Connect to company:
conversocial.com

Enterprise & Data

Crate

Enterprise & Data Sector
Open source data store
Connect to company:
crate.io

Enterprise & Data

Datahug

Enterprise & Data Sector
Relationshiop intelligence software
Lead Partner: Brian Caulfield
Connect to company:
datahug.com

Systems & Semiconductors

Displaydata

Systems & Semiconductors Sector
FKA as ZBD. Designs and manufactures low power LCD displays
Lead Partner: Richard Marsh
Connect to company:
www.displaydata.com

Health & Wellbeing

Doutissima

Health & Wellbeing Sector
Health and wellness platform in Brazil
Lead Partner: Stuart Chapman
Connect to company:
doutissima.com.br

Consumer & Commerce

Graze

Consumer & Commerce Sector
Nutritionally balanaced snack subscription service
Lead Partner: Simon Cook
Connect to company:
graze.com

Consumer & Commerce

Lyst

Consumer & Commerce Sector
Personalized fashion marketplace
Connect to company:
lyst.com

Systems & Semiconductors

Movidius

Systems & Semiconductors Sector
Vision processor technology for mobile and portable devices
Lead Partner: Brian Caulfield
Connect to company:
www.movidius.com

Mobile

MTT – Mobile Travel Technologies

Mobile Sector
Mobile commerce platform for the global travel industry
Lead Partner: Brian Caulfield
Connect to company:
mttnow.com

Systems & Semiconductors

Netronome

Systems & Semiconductors Sector
Highly programmable semiconductor products for intelligent flow processing in network and comms devices.
Connect to company:
www.netronome.com

Health & Wellbeing

Oxford Immunotec

Health & Wellbeing Sector
IPO on NASDAQ in 2013
Connect to company:
oxfordimmunotec.com

Enterprise & Data

Perkbox

Enterprise & Data Sector
Digital employee engagement platform
Lead Partner: Simon Cook
Connect to company:
www.perkbox.co.uk

Systems & Semiconductors

Phyworks

Systems & Semiconductors Sector
Acquired by Maxim Integrated Products
Connect to company:
www.maximintegrated.com

Enterprise & Data

RadiumOne

Enterprise & Data Sector
Online ad network
Connect to company:
radiumone.com

Consumer & Commerce

Resolver.co.uk

Consumer & Commerce Sector
Consumer rights and complaints resolution online platform
Lead Partner: Stuart Chapman
Connect to company:
www.resolver.co.uk/

Consumer & Commerce

SportsPursuit

Consumer & Commerce Sector
Ecommerce sports website
Connect to company:
www.sportpursuit.com

Consumer & Commerce

Tails.com

Consumer & Commerce Sector
Dog food tailor-made for your pet
Lead Partner: Simon Cook
Connect to company:
tails.com

Mobile

Taptu/Mediafed

Mobile Sector
Mobile social and media tech company
Connect to company:
www.taptu.com

Enterprise & Data

Trustpilot

Enterprise & Data Sector
World's largest consumer reviews platform
Connect to company:
trustpilot.com

Systems & Semiconductors

XMOS

Systems & Semiconductors Sector
XMOS is a leading provider of voice interface solutions.
Lead Partner: Alan Duncan
Connect to company:
www.xmos.com

Draper Venture Network

 

The Draper Venture Network is a self-governed organization of 16 independent venture funds operating on four continents that cooperate on market intelligence, corporate relationships, investment diligence and co-investments. The Draper Venture Network started in 1990. All members raise their own capital and manage their investment decisions independently.
Read more here...

 

OUR TEAM | Investing Partners

 
 

Simon Cook

Partner

Simon is the CEO of Draper Esprit and has been involved with the European VC industry since 1995. He co-founded Draper Esprit in 2005 and has been involved with a number of Europe’s most successful startups including Lovefilm (Amazon), Cambridge Silicon Radio (IPO), Virata (IPO), nCipher (IPO) and KVS (Symantec). Previously Simon was a partner with Elderstreet Investments and a Director at 3i. He was a computer games developer early in his career and is a graduate of the University of Manchester Institute of Science and Technology (UMIST).

Portfolio Companies

Current: Graze, Crowdcube

Stuart Chapman

Partner

Prior to co-founding Draper Esprit in 2005 Stuart was a partner of 3i Ventures where he was also a founding partner of their Menlo Park office.  Over his 13 years at 3i he was responsible for investments in Neutec Pharma (LSE), Network Technology (LSE), The Cloud, Searchspace and Magic 4.  Stuart served as a member of the BVCA Council and Chairman of the Venture Committee and before 3i he was involved in software and systems implementations in the Banking sector.  Stuart currently represents Draper Esprit on the Draper Venture Network Board.

He is a graduate of Loughborough University and serves as a Board Member of the Loughborough School of Business and Economics.

Portfolio Companies

Current: Kiadis, M-files, Netronome, Conversocial, Crate, Metalysis, Resolver and Real Eyes

Brian Caulfield

Partner

Brian is a serial entrepreneur turned VC. He previously founded software companies Exceptis Technologies which was acquired by Trintech Group and Similarity Systems that was acquired by Informatica. Prior to joining Draper Esprit, Brian was a partner at Trinity Venture Capital where he sat on the boards of or led investments in AePONA (Intel), ChangingWorlds (Amdocs), CR2, SteelTrace (Compuware) and APT (CSR). Brian currently sits on the board of The Irish Times, Ireland’s leading daily newspaper, in addition to his Draper Esprit portfolio companies. Brian is a Computer Engineering graduate of Trinity College Dublin.

Portfolio Companies

Current: Clavis Insight, Graphcore, GetBulb
Historical: Mobile Travel Technologies, Movidius, Datahug

Jonathan Sibilia

Partner

Jonathan joined Draper Esprit in 2009. Prior to joining the company he was a senior associate in the technology group at Jefferies International advising on high-profile cross-border M&A, debt & equity offerings. Previously he worked at Rothschild & CIE in Paris. He also worked at Apax Partners Corporate Finance in France. Jonathan holds a MA in Management from EM-Lyon and the University of St Gallen in Switzerland and a MA in Advanced Corporate Finance from the University of Paris IX Dauphine.

Portfolio Companies

Current: Mobile Commerce, Qosmos

Nicola McClafferty

Investment Director

Nicola joined Draper Esprit in 2017. Prior to joining the company Nicola was co-founder and CEO of online retailer, Covetique, sold to ASOS plc. Nicola spent 5 years as a venture capital investor with Balderton Capital and media-consultancy Ravensbeck, focussing on early stage technology and media investments. Nicola started her career as an investment banking analyst in the technology team of Jefferies International in London.

Nicola has been a start-up mentor on the Enterprise Ireland Retailer Ready programme. She graduated from University College Dublin with a BComm in International Business & French.

Richard Marsh

Partner

Richard is an experienced entrepreneur and venture capital investor. He founded and built Datanomic, a Cambridge-based software company which was a pioneer of Data Quality software and was acquired by Oracle. At Draper Esprit, in addition to investing and working as a Board member with portfolio companies, Richard manages the Draper Esprit EIS funds which have been the highest rated EIS (88/100) by the Tax Efficient Review for the past 4 years running. He is an Engineering graduate of Cambridge University where he also received his PhD. Richard holds an MBA from IMD, Lausanne, where he was a Sainsbury Management Fellow.

 

Portfolio Companies

Current: Bright Computing, Green Park Content, SportPursuit
Historical: Connectivity (sold to KCOM), DisplayData, Garlik (sold to Experian), GreenPeak Technologies (sold to Qorvo), Polatis (sold to Huber and Suhner), Psytechnics (sold to NetScout)

Vinoth Jayakumar

Principal

Vinoth joined Draper Esprit as a Principal in 2016. Prior to that he worked at a boutique management consulting firm in London for 6 years. He previously ran a micro-angel fund, investing in crowdfunded start-ups.

Vinoth is a Chartered Accountant (ACA, ICAEW) and has a degree in Accounting and Finance from the London School of Economics.

Philip O’Reilly

Principal

Philip joined Draper Esprit as a principal in 2017.  Philip previously worked as a lawyer, advising venture capital investors and early stage businesses on all aspects of financings.  Philip has also previously worked at Google and advised various startups, both in the UK and the US, in relation to corporate issues.

Philip holds a Master of Business Administration from The Wharton School at the University of Pennsylvania as well as degrees in law from Trinity College Dublin and the London School of Economics.

Diana Kranz

Associate

Diana joined Draper Esprit as an investment associate in 2017. Prior to that, she worked for Techstars and Rocket Internet’s Somuchmore. She previously worked at a London-based hedge fund and for the Council of Europe Development Bank in Strasbourg.

Diana is from Sweden has a degree in Economics and Business from University College London.

OUR TEAM | Venture Partners

 
 

Vishal Gulati

Venture Partner

Dr. Vishal Gulati is one of the Europe’s leading digital healthcare investors. Vishal is a qualified physician and chairman of the Digital Health Forum. Over the last decade he has championed deals across areas including diagnostics, devices & biotech. He is currently on the boards of Horizon Discovery PLC and EcoEos. His investments include Napo Pharmaceuticals, Glenmark, Renovo, Phagenesis. He has also held board positions at Psynova Neurotech, Bioscale and Enigma Diagnostics. Previously, Vishal worked at Atlas Venture, The Wellcome Trust and Radiant Capital.

Portfolio Companies

Current: Horizon Discovery, Lifesum, Push Doctor

Alan Duncan

Venture Partner

Alan has been in the venture capital industry for more than twenty years, initially through establishing a corporate venturing fund for Ferranti and then with Foreign & Colonial Ventures, Newmarket Venture Capital and Prelude Ventures. He joined DFJ Esprit when it was formed in 2006.

Alan is responsible for a portfolio of Draper Esprit’s electronics investments including Phyworks, Lime Microsystems, SiConnect, XMOS and DisplayLink. His previous investments have included Alphamosaic (sold to Broadcom) and nCipher (IPO on LSE).

Alan has an electronic engineering background and gained his industrial experience in computer systems with Ferranti plc.

Alan is a past member of the European Venture Capital Association High Tech Committee and lecturer on the EVCA’s venture capital professional training courses.

Portfolio Companies

Current: Aveillant, Displaylink, Lime Microsystems, XMOS, Graphcore

Mikko Suonenlahti

Venture Partner

Mikko currently resides in Helsinki and is a venture partner with Draper Esprit. Mikko has over 30 years of experience in building businesses of which 20 of those years were as a venture capitalist in the US and Europe and 10 years of operations. He has personally led investments into Carbonite (CARB), Iobox (TEF), Pedestal Software (ATRS / SYMC), Sample Rate Systems (FLEX) SiGe Semiconductor (SWKS) and Tedasys (TLSYN) amongst others.

Portfolio Companies

Current: M-Files

David Cummings

Venture Partner

David is a venture partner responsible for the EIS co-investment funds at Draper Esprit. He is also an active angel investor in technology companies and a member of Cambridge Angels. Prior to Draper Esprit, David worked at Lazard where he was the Managing Director running the TMT group in London. He was also at KPMG and IMI. David is a graduate of Trinity Hall, Cambridge and LBS.

Portfolio Companies

Current: Unbound

OUR TEAM | Operations

 
 

Ben Wilkinson

CFO

Ben is an experienced leader of public company finance teams having served for five years as CFO of AIM listed President Energy PLC where he was responsible for all financial aspects of the group. During his time at President, Ben was a key part of the Board that undertook the investments into Argentina and Paraguay and raised $175 million across several equity issuances with shareholders such as IFC/World Bank and significant UK institutional investors.

Ben is a Chartered Accountant, FCA, with a background in M&A investment banking from ABN Amro/RBS where he was involved with multiple cross border transactions and corporate financings, both debt and equity.

Graham Redman

Group Finance Director

Graham joined the Draper Esprit team in 2006 and is responsible for the financial and IT systems of the firm.  He qualified as a Chartered Accountant with PricewaterhouseCoopers working in London, Norwich and Raleigh, primarily with SMEs before moving into industry.  After leaving PwC Graham became the Senior Accounting Manager for INC Research, a US Research Triangle based CRO before taking a Controllership position at Unitive Electronics, a venture-backed semi-conductor packaging company based in the US. Graham holds an MA in Natural Sciences from Cambridge University where he studied at Sidney Sussex College.

Isabella Cookson

Head of Marketing and Research

Isabella joined Draper Esprit as Head of Marketing and Research in 2016. Previously, she worked in two startups, Qubit and Improbable, in roles across marketing, market research and strategy. She has a First Class degree in English Literature and a Masters in International Relations from Cambridge University.

Paula Darlison

Group Administration Manager

Paula is the Group Administration Manager and has been with Draper Esprit since its inception, having worked alongside the founding team since 2000.  Prior to Draper Esprit she has worked as an executive assistant and PA at Cazenove, JP Morgan, Merrill Lynch and Morgan Stanley throughout more than 25 years within the City of London.

Stephanie Edwards

Team Assistant

Steph is based in the London office of Draper Esprit and supports the investment team as an assistant where she administers deal-flow. Steph has experience working at other investment firms in London as a team PA and was most recently at Amadeus. Steph has an MA in Translation from London Metropolitan University & a BA in English from Oxford Brookes.

Daniel Pearce

Accountant

Daniel has been the Accountant of Draper Esprit since joining the firm in 2007 working directly with the CFO on the firm’s financial reporting and back office duties. Previously he spent time working as a management accountant in both the petroleum and manufacturing industries with a couple of years working in practice. Daniel is a qualified accounting technician with 11 year’s experience behind him. In his spare time Daniel coaches football to children as a FA qualified coach.

CONTACT US

London Dublin Cambridge

 
 
 
 

London | HQ
20 Garrick Street
London, WC2E 9BT

Tel: +44 (0)20 7931 8800

Dublin
5th Floor
O'Connell Bridge House (OCBH)
D'Olier Street
Dublin 2
Ireland

Tel: +353 (0)1 645 2324

Cambridge
Building 1010
Cambourne Business Park
Cambourne
Cambridge, CB23 6DP

Tel: +44 (0)1223 307 770

 
 
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