Wednesday, 25 October 2017

Draper Esprit acquires Seedcamp Funds I and II for €20 million.

VC firm Draper Esprit has acquired two of Seedcamp’s funds for €20 million.

The firm acquired Seedcamp Funds I and II, which includes a stake in Transferwise and a number of smaller startups like Codacy and Winnow.

Last week Draper Esprit announced its plans to invest €100 million in seed funds in Europe, including an investment in the Seedcamp IV fund, while yesterday it posted growth of 44% in its portfolio over the last six months.

"Although principally a primary series A, B and C VC Growth investor, we have also been very active over the years as a secondary tech investor in Europe having acquired a number of well-known VC portfolios and increasingly taking large direct stakes in later stage companies," said Simon Cook, CEO of Draper Esprit.



By Jonathan Keane.

Full story at Business Insider.

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