Draper Esprit invests in five seed funds

Commitments have also been made to three other funds based in London, Cambridge and Ireland, in line with Draper's five-year fund-of-funds strategy.

The London-headquartered firm committed capital to the latest funds of Seedcamp and Episode1 Venture in October 2017, following its announcement to deploy up to £75m over a five-year period as an LP in European seed funds.

Other managers backed previously include Crowdcube and Seedrs, which were said to enable Draper Esprit investors to gain access to Europe's seed funds.

The new strategy will see Draper Esprit target between 10-20 fund investments. This comes in addition to the listed firm's usual strategy of deploying up to £100m per year as a direct investor in venture deals.

Draper Esprit listed in London and Dublin in mid-2016 with an initial £102m in permanent capital. In June 2017, it raised an additional £100m by issuing new shares. This added to the £60m already raised in 2017 by Draper Esprit across its EIS, VCT and secondary co-investment fund platforms.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Fundraising
• LPs
• UK / Ireland
• Nordics
• DACH
• United Kingdom
• Finland
• Germany
• Draper Esprit