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Draper Esprit hails ongoing momentum following 'transformational' year

By BFN News | 08:48 AM | Wednesday 24 July, 2019


Venture capitalist Draper Esprit said momentum had continued following a 'transformational' year. Since 1 April 2019, the company had invested £22.0m across 6 portfolio companies and a further £6.5m from its EIS/VCT funds. The company also invested a further £2.2m into machine learning business Realeyes, which measures emotions through facial recognition technology, and €2.5m in Aiven, a cloud technology company developing a portfolio of database-as-a-service products, alongside Earlybird Digital West. The company generated a total of £21.7m of realisations since the year-end 31 March 2019, including escrows. For the year ahead, Draper said it had sufficient investment capacity with cash resources of £47.9m and an additional undrawn £50.0m revolving credit facility. At 8:48am: (LON:GROW) Draper Esprit Plc share price was -2p at 542p Story provided by StockMarketWire.com

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