Investment in Clavis Insight

RNS Number : 8852R

Draper Esprit PLC

15 December 2016

 

Strictly Embargoed until 07.00, 15^th December 2016

Draper Esprit plc

("Draper Esprit" or the "Company" or "the Group")

Investment in Clavis INSIGHT

Draper Esprit (AIM: GROW, ESM: GRW), a leading venture capital firm involved in the creation, funding and development of high-growth digital technology businesses, today announces that it has acquired a significant minority stake in Clavis Insight ('Clavis'), the leading eCommerce insights company, for £8 million.

Following the investment Brian Caulfield, Managing Director of Draper Esprit, will join the Board of Clavis.

Clavis Insight is the established global industry leader of digital shelf analysis, insights and analytics enabling manufacturers to track and optimise their online channel presence and performance.

The company has offices in Dublin, London, Shanghai and Boston, USA and is a strategic partner to hundreds of the world's largest manufacturers and brands in CPG/FMCG, Beverages, Consumer Health care, Nutrition, Electronics, Toy and Business to Business industries. Their clients include nine of the top ten such as: Unilever, Procter & Gamble, Kimberly Clark Corporation and Nestlé. Their solutions provide comprehensive insights across desktop, mobile web and mobile app platforms to the leading online retailers in over 30 countries.

Simon Cook, CEO Draper Esprit commented:

"One of the reasons we listed Draper Esprit was to make larger scale investments.  The Clavis investment is a great example of this. It is a fast-growing company with global reach and founded in Ireland.  We are really pleased to be working with the Clavis management team to help them navigate their next phase of growth and development."

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Enquiries

Draper Esprit plc Simon Cook (Chief Executive Officer) Ben Wilkinson (Chief Financial Officer)	[phone]
Numis Securities Nominated Adviser & Joint Broker Alex Ham Garri Jones Richard Thomas Paul Gillam Jamie Loughborough	[phone]
Goodbody Stockbrokers ESM Adviser & Joint Broker Don Harrington Linda Hickey Dearbhla Gallagher	[phone]
Belvedere Communications (PR) John West Kim van Beeck	[phone]

Notes to Editors

Draper Esprit (www.draperesprit.com) was founded in 2006, and is one of the largest and most active VC firms in Europe, helping entrepreneurs to build global ground-breaking technology companies through hands-on board level support, internationalisation and commercialisation activities and investment.

In 2016, with the support of new institutional investors and existing shareholders, Draper Esprit transformed into a listed PLC model (LSE: GROW.L, ESM GRW.I) to take a longer term, multi-stage, patient capital approach. In recent years, Draper Esprit's exits have generated more than $4.0 billion in combined enterprise value.

Draper Esprit is the exclusive Western European member of the Silicon Valley-based Draper Global Network, with offices around the world and portfolio companies including Baidu, Skype, Space X, Tesla and other world leading companies.

 

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