Dublin-listed venture capital firm Draper Esprit positive on portfolio value

Firm specialises in investing in tech start-ups

Dublin-listed venture capital firm Draper Esprit says the value of its existing portfolio is just under £700 million (€775 million).

In a trading update, ahead of interim results next month, the company said its gross portfolio value, even after signficant realisations, is expected to be not less than £695 million.

Draper Esprit, which raised £110 million through the sale of new shares earlier this month, specialises in investing in tech start-ups.

"It is positive to see, especially in highly uncertain times, our portfolio of fast-growing European technology companies allows us to deliver for our shareholders," chief executive Martin Davis said.


“We continue to build the infrastructure to scale the group and leverage our co-investment model, which will enable us to take advantage of the opportunities we see in our existing portfolio and in the European market as a whole,” he said.

“The ongoing pandemic is only serving to accelerate the transition to digital and creating new opportunities for new entrants across many end markets. Our recent fundraise and potential for raising a growth fund will further support our vision of backing entrepreneurs to invent the future,” he added.