Draper Esprit Investors - GROW

Draper Esprit Investors - GROW

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Stock Name Stock Symbol Market Stock Type
Draper Esprit Plc GROW London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-46.00 -4.17% 1,058.00 16:35:07
Open Price Low Price High Price Close Price Previous Close
1,130.00 1,056.00 1,130.00 1,058.00 1,104.00
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Top Investor Posts

DateSubject
17/9/2021
07:15
brexitplus: Draper Esprit plc ("Draper Esprit", "the Group" or the "Company") Investment update Draper Esprit (LSE: GROW, Euronext Dublin: GRW), a leading venture capital firm investing in and developing high growth digital technology businesses, today provides an update on recent developments in its portfolio. Key highlights are as follows: · Continued capital deployment in the increasing number of growth opportunities in the European venture capital market, investing a total of £130 million during the year to date including 8 new, and 6 follow-on, investments. · Additional investments of £25m and £15m in existing portfolio companies Form3 and CoachHub, respectively. · Existing portfolio company Cazoo lists on the New York Stock Exchange, receiving proceeds of over $1bn before expenses. FORM3 Draper Esprit participated with a further £25m in a $160m Series C round in platform payment technology provider Form3. The round was led by new investor Goldman Sachs and also included existing investors Lloyds Banking Group, Nationwide Building Society, Barclays, Mastercard and 83North. Founded In 2016, Form3 is the leading platform payment technology provider and offers an alternative to the traditional payment infrastructure model, providing an always-on, cloud-native, Payments-as-a-Service platform. Form3 is trusted by some of the UK and Europe's biggest Tier 1 banks and fastest-growing Fintechs to handle their critical payments architecture. Based on the valuation implied by the fundraising, the Company's gross fair value holding (before carry deductions) is approximately £58 million. Excluding the £25 million of newly invested capital, this is an uplift of approximately £23 million to the March 2021 gross fair value of £10 million. COACHHUB In September, Draper Esprit participated with a further £15 million investment in an $80 million Series B extension round in CoachHub, supported by existing investors RTP Global, HV Capital, Signals Venture Capital, Partech and Speedinvest. CoachHub is the leading global talent development platform and enables organisations to create a personalised, measurable and scalable coaching program for the entire workforce, regardless of department and seniority level. CoachHub uses artificial intelligence to match individuals with more than 2,500 certified business and well-being coaches in 70 countries across six continents, with coaching sessions available in more than 60 languages. CAZOO In August, Draper Esprit portfolio company Cazoo announced its business combination with AJAX I and its listing on the New York Stock Exchange. Cazoo (NYSE: CZOO) received $1bn in proceeds before expenses from the transaction, which will be used to further build out its brand and infrastructure. Cazoo is an online car retailer which, since being founded in 2018, has delivered over 35,000 cars to customers across the UK and mainland Europe. Following its recent acquisitions, Cazoo is also now Europe's leading car subscription player with thousands of subscribers across the UK, Germany and France. Based on the share price of $9/share the Company's gross fair value holding (before carry deductions) is approximately £37 million, which is an uplift of approximately £11 million to the March 2021 gross fair value of £26 million. Martin Davis, Chief Executive Officer of Draper Esprit, commented: "Our recent activity has demonstrated the strength of our portfolio and our investment team, and we have been able to participate in follow-on rounds in some of the more established businesses in our portfolio, such as CoachHub and Form3. Cazoo's IPO is further evidence of this, as in only three years, it has established itself as one of the most significant players in the European used car market. As we recover from the pandemic, the technology sector continues to go from strength to strength and we are well positioned to continue to support the most promising companies."
17/8/2021
19:23
w13ken: We may see action in September due to full integration of GROW in the FTSE 250 rather than an apparent limbo-land that it is in now but it's worth a reminder on Trustpilot too. The Trustpilot IPO meant £78.3m was banked with retention of 7.9% of shares. Those need to be kept until till at least September but we're nearly there so Draper could be about to cash in on another £120m of cash. That would be approx £200m from their initial £29.7m investment! "The Company's total investment to date has been £29.7 million and as of our interim results to 30 September 2020 our holding was valued at £80.9 million. As part of the IPO, the Company will be selling down part of its holding, resulting in proceeds of £78.3 million. The Company will continue to hold 7.9% in shares amounting to £85.5 million (subject to any exercise of the overallotment option during the period to admission) based on the Trustpilot share price on 23 March 2021. The Company's continued holding will be subject to a customary 180-day lock-up period from the date of admission in line with other institutional investors in Trustpilot." hTTps://markets.ft.com/data/announce/detail?dockey=1323-14910105-5FO241VO4V7OSSBSUD2S12IF3J
27/7/2021
10:16
adventureinvestor: Good luck bamboo2. I think it is likely to be akin to howling at the moon. I don't imagine anyone you are in touch with will have even the slightest sway on Halifax's policy. The very fact that you are interested in investing in shares like GROW suggest you are a sophisticated investor. Halifax's target market is not the sophisticated investor so they don't care.
23/7/2021
07:58
w13ken: A New Dawn for Draper Esprit. Good morning fellow GROW investors, today is an exciting new phase in the growth of a spectacular company. Enjoy the ride :-) "In conjuction with its move to the Main Markets, Draper Esprit has shared a number of investment stats, figures that are usually accompanied with the stamp “for eyes only” or “top secret”. Let’s dig in: The firm has a current market value of approximately £1.4 billion, a number that is 11x higher than its initial listing value of £120 million just five years prior. Draper Esprit has raised £619 million, and seen cash realisations of over £300 million, with £206 million occurring in the last full year alone. The firm has deployed over half a billion GBP (£550 million) into companies, and has an annual rate of deployment at around £200 million..." hTTps://tech.eu/brief/draper-esprit-makes-the-leap-to-main-market-listings-reveals-insider-stats/
15/7/2021
14:44
w13ken: Incredible Revolut RNS :-) "Draper Esprit (LSE: GROW, Euronext Growth: GRW), a leading venture capital firm investing in and developing high growth digital technology businesses, notes the announcement today that Revolut, the financial superapp, has raised more than $800 million in a Series E round from new investors Softbank Vision Fund 2 and Tiger Global Management. As a result of the investment, Revolut is now valued at $33 billion (~£24 billion). Based on the valuation implied by the fundraising, the Company's gross fair value holding (before carry deductions) is approximately £119 million. This is an uplift of £99 million to the March 2021 gross fair value of £20 million. The Company first invested in Revolut in 2018 as part of its Series C round. Having launched in 2015, Revolut now has more than 16 million customers around the world using dozens of innovative products to make more than 150 million transactions a month."
14/7/2021
15:30
w13ken: The Trustpilot IPO announcement below suggests £78.3m banked so far, retention of remaining shares till at least September and 7.9% retained of £1.63billion (their current ever-growing market cap) = £128m. I make that £206m from their initial £29.7m investment! "The Company's total investment to date has been £29.7 million and as of our interim results to 30 September 2020 our holding was valued at £80.9 million. As part of the IPO, the Company will be selling down part of its holding, resulting in proceeds of £78.3 million. The Company will continue to hold 7.9% in shares amounting to £85.5 million (subject to any exercise of the overallotment option during the period to admission) based on the Trustpilot share price on 23 March 2021. The Company's continued holding will be subject to a customary 180-day lock-up period from the date of admission in line with other institutional investors in Trustpilot." hTTps://markets.ft.com/data/announce/detail?dockey=1323-14910105-5FO241VO4V7OSSBSUD2S12IF3J
05/7/2021
22:34
rambutan2: Noted: Forward Partners Group PLC said Monday that it intends to seek admission for its shares on the London Stock Exchange's market AIM. The company said BlackRock Inc. and Draper Esprit PLC have said they would like to subscribe for 15 million pounds ($20.7 million) and GBP2 million worth of ordinary shares in the company, respectively. Forward Partners said it expects to raise at least GBP25 million of gross primary proceeds, which will be used to fund further investments in portfolio companies as well as new investments. Admission and commencement of dealings on AIM are expected mid-July, and the ticker will be FWD, the company said. htTps://investegate.co.uk/forward-partners/rns/intention-to-float---aim/202107050700080871E/ Forward was founded in 2013 by Nic Brisbourne, former partner at Draper Esprit with over 20 years venture capital experience. The management team brings together highly experienced venture capitalists, entrepreneurs, and expert consultants. Since 2015, Forward has been backed by BlackRock, one of the largest institutional investors in the world. hTtps://forwardpartners.com/ipo-resources/
16/6/2021
10:15
w13ken: "There's an exclusive group of companies in the stock market that stand out because they've got what billionaire investor Warren Buffett calls economic moats. Like medieval castles, their profits are fortified by impregnable business models... and there are signs that Draper Esprit (LON:GROW) might be one of them." hTTps://www.stockopedia.com/articles/why-draper-esprit-longrow-will-appeal-to-moat-investors-224699/
22/4/2021
10:59
brexitplus: FintechOS the global technology provider for banks, insurers and other financial services companies, today announced it has raised USD 60 million (EUR 51 million) in Series B funding. The round was led by Draper Esprit, a leading venture capital firm whose investments include Form3, ICEYE, Revolut, Thought Machine, UiPath. Existing investors Earlybird Digital East, Gapminder Ventures, LAUNCHub Ventures, and OTB Ventures also participated in the round. Further investors are set to be announced at a later date. The funds will be primarily used to cement the company’s position in Europe and the UK and fuel international expansion to target financial institutions in Asia-Pacific, Middle East and Africa, and North America. This includes new offices in the USA, Dubai, and Singapore, along with the addition of 120 new staff members resulting in a 40% increase in overall headcount. FintechOS also plans to use the funds to expand its core systems capabilities in banking and insurance, strengthening the low-code self-service proposition and personalization through AI and machine learning in customer journeys and product and services offerings. The overall aim is to accelerate growth beyond the 200% CAGR achieved to date. Across the globe financial service providers are planning to invest heavily in new technology to accelerate digitalization. However, many institutions are struggling with existing digital transformation strategies. Instead of lengthy and laborious rip and replace digital transformation strategies that require high levels of technology expertise and investment, FintechOS allows financial service providers to start small, think big and scale fast. With its low-code, self-service approach that augments legacy systems, FintechOS allows institutions to build, test and scale new digital products and services in weeks rather than months.
29/12/2020
12:34
brexitplus: Graphcore announcement “We’re delighted to announce that Graphcore has raised $222m of investment to help support the company’s continued global expansion and further accelerate future IPU silicon, systems and software development. The Series E funding round is led by Ontario Teachers’ Pensions Plan Board and adds funds managed by Fidelity International and Schroders as new investors. Also participating in this round are existing Graphcore investors, including Baillie Gifford and Draper Esprit. This investment brings the total funds raised by Graphcore to more than $710 million, with the company expecting to have over $440 million of cash on hand post-closing to support future growth. Graphcore is now valued at $2.77 billion, post-money. The new investors bring to the table deep experience in disruptive technology and support for scale-up businesses and underscore the size of the market opportunity that Graphcore is addressing in datacentre AI compute, as well as the maturity of the company’s product offerings. Having the backing of such respected institutional investors says something very powerful about how the markets now view Graphcore. The confidence that they have in us comes from the competence we have demonstrated building our products and our business. We have created a technology that dramatically outperforms legacy processors such as GPUs, a powerful set of software tools that are tailored to the needs of AI developers, and a global sales operation that is bringing our products to market. 2020 has been a big year for Graphcore, with the launch of our Mk2 IPU processor, the GC200 and our datacentre compute systems, the IPU-M2000 and IPU-POD64 for scale-out. Our first published benchmarks for the new systems show them clearly dominating the latest GPU-based setups. We also launched the Graphcore Partner Program. This impressive global network includes some of the world’s most respected distributors, resellers and OEMs. And, most recently, we launched Poplar v1.4, including full PyTorch support, ensuring that the most widely used frameworks are now simple to implement on the IPU and yield extremely impressive performance results. With our products, software and global sales operation in place, we expect 2021 to be another big year for the company. Indeed, customers are already taking delivery into their datacentres of IPU-M2000 and IPU-POD64 systems. With advances in artificial intelligence moving apace, we look forward to more innovation, enabled and powered by Graphcore technology.”
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