Draper Esprit PLC Investment Update (4036F)
15 Julio 2021 - 7:40AM
UK Regulatory
TIDMGROW
RNS Number : 4036F
Draper Esprit PLC
15 July 2021
15 July 2021
Draper Esprit plc
("Draper Esprit", "the Group" or the "Company")
Investment update
Draper Esprit (LSE: GROW, Euronext Growth: GRW), a leading
venture capital firm investing in and developing high growth
digital technology businesses, notes the announcement today that
Revolut, the financial superapp, has raised more than $800 million
in a Series E round from new investors Softbank Vision Fund 2 and
Tiger Global Management.
As a result of the investment, Revolut is now valued at $33
billion (GBP24 billion). Based on the valuation implied by the
fundraising, the Company's gross fair value holding (before carry
deductions) is approximately GBP119 million. This is an uplift of
GBP99 million to the March 2021 gross fair value of GBP20 million.
The Company first invested in Revolut in 2018 as part of its Series
C round.
Having launched in 2015, Revolut now has more than 16 million
customers around the world using dozens of innovative products to
make more than 150 million transactions a month.
-ENDS-
Enquiries:
Draper Esprit plc
Martin Davis (Chief Executive Officer)
Ben Wilkinson (Chief Financial Officer) +44 (0)20 7931 8800
Numis Securities
Nominated Adviser & Joint Broker
Simon Willis
Richard Thomas
Jamie Loughborough +44 (0)20 7260 1000
Goodbody Stockbrokers
Euronext Growth Adviser & Joint Broker
Don Harrington
Charlotte Craigie
Linda Clarke +44 (0) 20 3841 6202
Powerscourt
Public relations
Elly Williamson +44 (0)7970 246 725 /
Jane Glover +44 (0)7713 246 126
About Draper Esprit
Draper Esprit is one of the most active venture capital firms in
Europe, investing in disruptive, high growth technology companies.
We believe the best entrepreneurs in Europe are capable of building
the global businesses of the future. We fuel their growth with
long-term capital, access to international networks and decades of
experience building businesses.
Currently, Draper Esprit is a shareholder in a diverse portfolio
of 71 companies with 17 of those part of our core portfolio which
accounts for over 60% of our holdings. Our core companies include
UiPath, Aircall, Graphcore and Revolut. We invest across four
sectors: Consumer Technology, Enterprise Technology, Hardware and
Deeptech, and Digital Health and Wellness, with highly experienced
partners constantly looking for new opportunities in each. We look
for high-growth companies with strong IP, powerful technology, and
the management teams to deliver success. They operate in new
markets, with serious potential for global expansion. We also look
for businesses with the potential to generate strong margins to
ensure rapid, sustainable growth in substantial addressable
markets.
Draper Esprit provides an opportunity for public market
investors to access these fast-growing tech businesses, without
having to commit to long term investments with limited liquidity.
Since IPO in June 2016, we have deployed circa GBP500m+ capital
into fast growing technology companies and have realised over
GBP300m. In October 2020 we raised gross proceeds of circa GBP110m
to help us capitalise on a European VC market which is expanding
rapidly but is still less than one quarter of the combined size of
the US and European market by value. It will also allow us to
capitalise on the transition to a digital future that has been
given added impetus as a result of the recent pandemic.
For more information, go to https://draperesprit.com/
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END
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July 15, 2021 08:40 ET (12:40 GMT)
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