Draper Esprit IPO Brings Patient Capital to the London and Irish Stock Exchanges

Today Draper Esprit, one of the top five European VC technology funds who have invested in companies like Graze, Movidius, Trustpilot and Lyst, has today successfully listed on the London and Dublin Stock Exchanges, raising £103 million in total. The initial portfolio will consist of investment in 24 companies, predominantly in high-growth digital technology businesses in the UK, the Republic of Ireland and Europe.

The Draper Esprit team has considerable experience. The team has operated the Group for nine years and, prior to that, its members worked for leading firms within the venture capital industry. In aggregate, the team has been involved in investing over US$1 billion into more than 200 technology businesses and has been involved in creating businesses with a total aggregate value of over US$8 billion, with an exited value of over US$6 billion.

Simon Cook, CEO and Co-Founder of Draper Esprit, said:

"Our motivation for evolving our Venture Capital business model was twofold. Firstly, we wanted to be able to invest for longer in our emerging companies and to be able to build bigger stakes as companies remained private for longer periods, capturing more value for shareholders. Secondly, we wanted to further democratise funding for entrepreneurs.
Traditionally the Limited Partnership model in Europe has restricted who can invest in venture capital backed companies and many growing technology companies are not accessible to institutions or public investors until they go public. Now everyone can participate in the growth of VC backed companies from their earliest stages through series A and B to their success in the later stages up to and including their IPO.

This permanent capital model is ideally suited to a listed vehicle and we are grateful for the support this approach has received from shareholders including: Woodford Investment Management, the Ireland Strategic Investment Fund, China Huarong International Holdings Ltd, Baillie Gifford and several other city institutions, successful entrepreneurs and family offices, many of whom have active later stage and IPO investment activities."

More information is attached (as is a photograph) and senior management are available for interviews. Please use the mobile number below, larger images are available on request.

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