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

 

Acquisition of award winning VCT Manager Elderstreet Investments Limited

Posted by Isabella Cookson, 24 Nov 2016

Draper Esprit (AIM: GROW, ESM: GRW), one of the leading venture capital firms involved in the creation, funding and development of high-growth digital technology businesses, announces that it has acquired a 30.77% stake in Elderstreet Holdings Limited, the holding company of Elderstreet Investments Limited (“Elderstreet”), with an option to acquire the balance of the Elderstreet shares in due course.  Elderstreet, a leading UK Venture Capital Trust (“VCT”) manager, manages Elderstreet VCT plc (“Elderstreet VCT”) which currently has assets in excess of £25 million.

Elderstreet provides early stage, development and growth capital for ambitious UK businesses, in most industry sectors with a focus on software and computer services.  In 2014, it won the Investment Company of the Year Awards and was VCT Fund Manager of the Year in 2009 and 2010.

The initial consideration has been satisfied by the issue of 73,667 new ordinary shares of one pence each in the capital of the Company (the “Consideration Shares”).  The Consideration Shares will be subject to an 18 months lock-in (subject to customary exceptions). Application will be made for the Consideration Shares to be admitted to AIM and ESM, with trading expected to commence on 29 November 2016 (“Admission”). Upon Admission, the Consideration Shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.  Following the issue of the Consideration Shares, the Company’s issued share capital consists of 40,747,576 Ordinary Shares.

Following the acquisition, Simon Cook, CEO of Draper Esprit, has joined the board and the investment committee of Elderstreet.

Simon Cook, CEO Draper Esprit commented: “We have acquired a stake in a leading VCT manager in the UK, who share our core investment philosophy and we are delighted to be working with the experienced Elderstreet team.  We can now offer to investors access to high growth technology companies through a range of vehicles from EIS funds, to VCTs and an ISA qualifying listed evergreen patient capital vehicle with combined assets of over £350m.  Draper Esprit is now firmly on the map as one of the major European managers of technology venture capital and growth capital with a long history of successful acquisitions such as 3i’s European VC portfolio, Prelude Investment Trust, Top Technology fund and Cazenove’s VC fund.”

Michael Jackson, Chairman Elderstreet Investments Limited added: “Draper Esprit and Elderstreet are well-aligned in terms of investment strategy and most importantly a culture of active asset management in the unquoted companies sector. For our VCT shareholders this co-investment agreement brings enhanced deal flow and the ability to invest alongside Draper Esprit funds into larger more established fast growing businesses.  Given the recent changes in VCT rules imposed last year we view the deal as a positive step forward for our VCT shareholders”.

Draper Esprit will announce interim results for the six months ended 30 September 2016 on Monday 28 November 2016.

 

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Enquiries

Draper Esprit plc

Simon Cook (Chief Executive Officer)

+44 (0)20 7931 8800

Numis Securities

Nominated Adviser & Joint Broker

Alex Ham

Richard Thomas

Paul Gillam

+44 (0)20 7260 1000

Goodbody Stockbrokers

ESM Adviser & Joint Broker

Don Harrington

Linda Hickey

Dearbhla Gallagher

+353 1 667 0420

Belvedere Communications (PR)

John West

Kim van Beeck

+44 (0)20 3567 0510

 

 

Notes to Editors

 

Draper Esprit (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 $4 billion in combined enterprise value.

Draper Esprit is the exclusive European member of the Silicon Valley-based Draper Global Network with offices around the world, with portfolio companies including Baidu, Skype, Space X, Tesla and other world leading companies.

 

Read more

Draper Esprit Portfolio Company Datahug to be Acquired for $13m by Callidus Software Inc.

Posted by Isabella Cookson, 08 Nov 2016

DUBLIN, IRELAND- (November 8, 2016)- Draper Esprit (“the Company”), a leading venture capital firm involved in the creation, funding and development of high-growth digital technology businesses, announces that NASDAQ listed Callidus Software Inc. (NASDAQ: CALD), a global leader in cloud-based sales, marketing, learning and customer experience solutions, has acquired portfolio company, Datahug for a total consideration of $13 million cash.

The deal values Draper Esprit’s total stake in Datahug at $6 million.  The investment in Datahug was held across a number of vehicles managed by the Company. Datahug, headquartered in Dublin, Ireland is a SaaS predictive forecasting and sales analytics company.

Brian Caulfield, Draper Esprit Managing Director said: “The use of predictive analytics to enhance sales efficiency and improve forecasting is expanding rapidly. Datahug has the leading product in that space. CallidusCloud has millions of sales people in their cloud that will be able to take advantage of the powerful analytics and insights Datahug has to offer. I would like to congratulate the CEO, Ray Smith, his co-founder Connor Murphy, and the Datahug team.”

“There are more than 50 million companies in the world. They all want better sales forecasting. Datahug’s unique, patented, technology delivers rich, predictive analysis of sales pipelines in a visually stunning way. Being able to better predict the outcomes of sales cycles and identify the right sales opportunities means big value for our Lead to Money customers,” said Leslie Stretch, president and CEO, CallidusCloud. “Their fast and easy to use solution leverages CRM, Commissions, CPQ, Service and Customer Feedback data sources to bring forecasting to life in a practical way that is easy to understand and visualise.”

We first invested back in 2014 and have helped grow the business working closely with the management team and other investors.

 

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Enquiries

Belvedere Communications (PR)
John West
Kim van Beeck +44 (0)20 3567 0510

Draper Esprit plc
Isabella Cookson Head of Marketing +44 (0)20 7931 8800

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.

 
 

Consumer & Commerce

Achica

Consumer & Commerce Sector
Private buying club for luxury lifestyle products
Connect to company:
www.achica.com

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

Enterprise & Data

Campanja

Enterprise & Data Sector
Real-time and high-frequency bid management software
Connect to company:
campanja.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/

Enterprise & Data

RhodeCode

Enterprise & Data Sector
RhodeCode has created RhodeCode Enterprise which is an enterprise-grade source code management and collaboration solution that supports Git and Mercurial repository systems. It helps bridge the gap between the requirements enterprises have and the flexibility and ease of use that developers increasingly expect.
Connect to company:
rhodecode.com

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
Programmable chips bringing together the capabilities of processors, DSPs, ASICs and FPGAs
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

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 Investements 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

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.

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

Portfolio Companies

Current: ClearSwift, RoadAngel, StrikeAd, Kiadis, M-files, Metalysis, Doutissima and Conversocial

Brian Caulfield

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 boards of Clavis Technology and the Irish Times in addition to his Draper Esprit portfolio companies. Brian is a Computer Engineering graduate of Trinity College Dublin.

Portfolio Companies

Current: Datahug, Mobile Travel Technologies, Getbulb, Movidius

Jonathan Sibilia

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

Richard Marsh

Richard Marsh

Partner

Richard is an experienced software entrepreneur turned venture capitalist. He founded and built Datanomic, a Cambridge-based software company which was a pioneer of Data Quality software and was acquired by Oracle. Richard is responsible for Draper Esprit’s investments in Connectivity (KCOM), Garlik (Experian), GreenPeak Technologies, Polatis, Psytechnics (NetScout) and ZBD Solutions. Richard 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: Connectivity, GreenPeak, Polatis, Psytechnics, DisplayData, SportPursuit

OUR TEAM | Venture Partners

 
 
Vishal Gulati

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

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

team_mikko

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

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.  His current portfolio consists of over 20 companies including Truphone, Grapeshot, LoopMe, Ionscope, Centrix, Wazoku, Unbound and Arachnys. 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

 
 
picture-to-follow

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

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.

Paula-Darlison

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 at Cazenove, JP Morgan, Merrill Lynch and Morgan Stanley throughout more than 25 years within the City of London.

Stephanie Teubler

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

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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