The new funds will help it invest in the accelerated transition to digital due to COVID-19
In Brief:
- The listed venture capital firm has raised the funds in a new share issuance to invest in a number of new and follow on investments.
- It has backed a number of prominent FinTechs including Revolut, Seedrs and N26.
- Draper Esprit saw the value of its portfolio rise by 18 per cent in the year to 31 March, and is now worth £703m.
What does this mean
The COVID-19 pandemic has driven a massive transition to digital across a whole range of industries at the same time that Europe's venture capital market is experiencing new growth.
