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Draper Esprit

Draper Esprit

Venture Capital

Draper Esprit is an active European venture capital firm investing in disruptive, high growth technology companies with long term capital.

Portfolio

17

companies


Portfolio companies

Satellite Vu

Satellite Vu

Satellite Vu provides high-resolution thermal imaging from space to monitor global energy efficiency and economic activity.

a

allplants

allplants prepares and delivers plant-based meals direct to consumers across Great Britain.

Form3

Form3

Form3 operates a cloud-native account-to-account payment processing platform.

Cervest

Cervest

Cervest provides an AI-powered Climate Intelligence platform for quantifying climate risk at the asset level.

L

Lyst

Lyst operates a global fashion technology platform and search engine for clothing and accessories.

Freetrade

Freetrade

Freetrade operates a commission-free investment platform that opens up stock markets to retail investors.

FP

FocalPoint Positioning

FocalPoint Positioning develops advanced satellite navigation software to improve positioning accuracy.

Riverlane

Riverlane

Riverlane builds quantum error correction technology to remove hardware errors.

Graphcore

Graphcore

Graphcore develops intelligence processing units and software for artificial intelligence workloads.

A

AGORA

AGORA operates a social commerce platform that enables beauty fans to monetise their video content and connect with brands.

Endomag

Endomag

Endomag produces magnetic sensing equipment to improve breast cancer care.

Push Doctor

Push Doctor

Push Doctor connects patients with remote online GP consultations.

P

PrimaryBid

A fintech platform providing retail investors with fair access to public markets.

Curio

Curio

Curio operates a subscription audio platform that provides curated spoken word journalism.

Ravelin

Ravelin

Ravelin develops machine learning technology to detect online fraud and secure digital payments.

C

Cazoo

Cazoo operates an e-commerce platform for purchasing used cars entirely online.

XMOS

XMOS

XMOS provides voice enabled silicon architecture and software for smart devices.


Team

Vinoth Jayakumar

Vinoth Jayakumar

Partner

Vinoth is an investment director at Draper Esprit. He brings board experience from multiple technology companies.

DC

David Cummings

Venture Partner

CH

Christoph Hornung

Investment Director

SC

Stuart Chapman

Director

LinkedIn
WT

Will Turner

Managing Partner

NM

Nicola McClafferty

Partner

GC

George Chalmers


Recent investments

Series A
£15.0M

The financing round was led by Seraphim Space Investment Trust and will fund the deployment of seven infrared imaging satellites.

"With COP 26 just around the corner and Europe and parts of the USA having suffered the hottest summer on record, there is growing acceptance that we need to act now to try to mitigate the impacts of climate change on our everyday lives and economy. But while many think of industries such as aviation as some of the least sustainable, the built environment is actually one of the primary polluters across our globe. But regular individual monitoring of these buildings is too expensive both in terms of time and cost, meaning much of the environmental and sustainable ratings are often years out of date. That’s simply not good enough when we clearly need to act now and means many are not aware of just how poorly a building is performing in terms of sustainably."
— Anthony Baker, CEO
Series B
£38.0M

The funding round was led by Draper Esprit and will support kitchen expansion, team growth, and product innovation.

"In the five years that we have been cooking, we’ve seen the demand for plant-based food explode. We’ve got a tonne of exciting plans to bring the movement to even more people’s kitchens, and this investment will allow us to do just that."
— Jonathan Petrides, Founder and CEO
Series C
£116M

Goldman Sachs Asset Management led the Series C round to support international expansion and platform development.

"Financial institutions are increasingly turning to modern, cloud-based technologies in order to handle growing payment volumes efficiently and in real-time. We are delighted to be leading this investment round and look forward to working together with Form3 and other shareholders to help realise their ambitious global roadmap and strategic growth plan."
— James Hayward, Managing Director
Series B
£50.0M

Left Lane Capital led the round with participation from L Catterton and Draper Esprit.

"This is a transformational investment that will supercharge our mission to get everyone investing. It’s painful to see millions of investors across Europe stuck paying high fees and bogged down by complex terms and conditions. The costs of offering essential services like share dealing are simply not justifiable and erode valuable returns. Everyone already invests their time and their money on a daily basis, but there is so much more that millions can be doing to get the most out of their money. We are committed to helping everyone to achieve better financial outcomes."
— Adam Dodds, Founder and CEO
Series B
£6.0M

The funding round was led by Draper Esprit to support the deployment of next generation positioning technology.

"This is an important moment for our team. Signing our first deal with u-blox to integrate Supercorrelation into a commercial chip has increased the demand for our products from a multitude of different industries and use cases. This funding will help us to meet that demand and enable Supercorrelation and D-Tail to improve the lives and businesses of people across the globe."
— Ramsey Faragher, CEO
Series A
£14.6M

The financing will support international expansion and development of the Deltaflow operating system.

"For a quantum ecosystem to thrive, we urgently need an operating system. An operating system makes quantum computers useful – it allows programs and applications to run on many different machines. Riverlane aims to make our operating system Deltaflow a global standard."
— Steve Brierley, Founder & CEO
Seed
£5.0M

Draper Esprit led the seed round with backing from Lakestar and Angel Capital Management to support platform growth and new features.

"We built AGORA to transform the online beauty shopping experience and create opportunities for real people to monetise their talent and creativity, something that has only been available to brand-sponsored social media influencers. AGORA will empower a new category of entrepreneur."
— Riccardo Basile, Co-founder and CEO
Series C
£13.7M

The Series C round was led by Draper Esprit with participation from ADV to help the digital healthcare provider scale its NHS services.

"At Push Doctor, we are in a privileged position to be able to provide a service that can make life easier for both GPs and patients. We want to continue and deepen the support we’ve already been providing throughout the pandemic, to help the NHS and patients emerge even stronger from Covid-19."
— Wais Shaifta, Chief Executive
Series B
£38.4M

London Stock Exchange Group and other major backers join Series B round to support international growth and technology development.

"The COVID-19 pandemic demonstrated the effectiveness of the public markets, with companies recapitalising quickly and efficiently. Our technology has allowed thousands of retail investors to participate on equal terms with institutional investors, unlocking a large and important source of liquidity and long-term share ownership for corporate issuers. The response from Boards and their advisers to our solution has been excellent: they recognise our digital solution for retail inclusion brings together both good governance and best execution."
— Anand Sambasivan, CEO and co-founder
Series C
£25.1M

Lloyds Banking Group, Nationwide Building Society and 83North led the Series C round to support product enhancement and global expansion.

"Together with our supportive shareholders, Form3 is reshaping payments technology to the next evolution of real-time payment processing without borders."
— Michael Mueller, Chief Executive Officer
Series C
£16.4M

Draper Esprit led the Series C financing, with continued backing from Amadeus Capital Partners, BlackFin Tech, and Passion Capital.

"We have been very busy in the two years since our last funding round in 2018. Our approach to tackling fraud and risk for enterprise-scale businesses has resonated with the market and we’ve grown our client base rapidly"
— Martin Sweeney, CEO
Seed
£25.0M

The investment was led by Draper Esprit and pushes total funding past £200m.

"We have an amazing team who are dedicated to reinventing the used car buying experience by providing the best selection, value, quality, and convenience for UK car buyers. Despite the current challenges many businesses are facing, Britain remains a market leader for talent and innovation and a great place to start a business."
— Alex Chesterman, Founder
Series B
£9.8M

Draper Esprit led the Series B financing round to support international expansion and product development.

"We are really supportive of the Form3 mission to open access to payment systems. This is much needed around the world and helps companies like N26 scale faster globally and build products their customers love to use"
— Alexander Weber
Series D+
£11.1M

Infineon Technologies led the investment round with participation from existing backers including Amadeus Capital Partners and Foundation Capital.

"The conclusion of our Series-E funding is a significant milestone for the business. XMOS is ideally positioned at the crossover between embedded voice processing, biometrics and artificial intelligence, and the funds will enable us to execute our ambitious product development plans. I am particularly delighted to welcome Infineon Technologies as a strategic investor in the business. We have worked closely with the Infineon team on groundbreaking sensor fusion technologies; the investment really strengthens our strategic partnership."
— Mark Lippett, President and CEO