ABOUT US

 

DFJ Esprit was founded in 2006 with a mission to back Europe's most ambitious entrepreneurs.
We invest into visionary and growing companies and also have the ability to do direct secondary deals into late stage tech companies as well as buying entire venture capital portfolios. We raise funds from a variety sources and always are able to source capital for the best opportunities through our partnerships.

Our leading institutional LPs have committed more than $1 billion to our funds to date, and we are one of the largest and most active VC firms in Europe. If you are an LP seeking more information regarding our funds or co-investment opportunities contact Simon Cook.

In 2012, we launched our first angel EIS co-investment fund to enable founders, tech executives and HNW’s to invest alongside us to help build bigger networks for our portfolio companies. Through our angel EIS co-investment funds, we have successfully deployed capital on behalf of over a hundred personal investors into some of Europe’s fastest growing companies alongside our leading institutional investors. For more information contact Richard Marsh.

DFJ Esprit has also been the most active secondary tech investor in Europe having acquired ten VC portfolios to date as well as direct stakes into later stage companies. Our total capital commitments for secondary transactions is over $400m and if you’d like to speak about a secondary opportunity please contact Olav Ostin.

DFJ ESPRIT FACTS

 
 

Funds raised to date

$1 BN

Investing currently from fund

3

Size of current active funds (primary & secondary)

$300 M
 
 

No. of investments made since foundation

+

No. of countries with a DFJ Esprit portfolio company

22

Exits since 2010

$3.5 BN

NEWS FEED
See all our newsworthy stories

 

Google and Movidius Work Together to Enhance Deep Learning Capabilities in Next-Generation Devices

Posted by Paula Darlison, 27 Jan 2016

Latest Myriad 2 vision processing platform selected by Google to accelerate adoption of machine learning applications in mobile devices. 

SAN MATEO, Calif. –January 27th, 2016 – Movidius, the leader in low-power machine vision for connected devices, today announced that it is working with Google to accelerate the adoption of deep learning within mobile devices. As part of the agreement, Google will license Movidius processors alongside the entire Movidius software development environment. In turn, Google will contribute to Movidius’ neural network technology roadmap.

This agreement enables Google to deploy its advanced neural computation engine on Movidius’ ultra-lowpower platform, introducing a new way for machine intelligence to run locally on devices. Local computation allows for data to stay on device and properly function without internet connection and with fewer latency issues. This means future products can have the ability to understand images and audio with incredible speed and accuracy, offering a more personal and contextualized computing experience.

“What Google has been able to achieve with neural networks is providing us with the building blocks for machine intelligence, laying the groundwork for the next decade of how technology will enhance the way people interact with the world,” said Blaise Agϋera y Arcas, head of Google’s machine intelligence group in Seattle. “By working with Movidius, we’re able to expand this technology beyond the data center and out into the real world, giving people the benefits of machine intelligence on their personal devices.”

Google will utilize Movidius’ latest flagship chip – the MA2450. The MA2450 is the only commercial solution on the market today with the performance and power-efficiency to perform complex neural network computations in ultra-compact form factors. The MA2450 is the most powerful iteration of the Myriad 2 family of vision processors, providing a series of improvements over the first-generation Myriad 2 VPU announced last year, the MA2100.

“The technological advances Google has made in machine intelligence and neural networks are astounding. The challenge in embedding this technology into consumer devices boils down to the need for extreme power efficiency, and this is where a deep synthesis between the underlying hardware architecture and the neural compute comes in,” said Remi El-Ouazzane, CEO, Movidius. “Movidius’ mission is to bring visual intelligence to devices so that they can understand the world in a more natural way. This partnership with Google will allow us to accelerate that vision in a tangible way.”  As the companies continue their collaboration, more details will become available.

About Movidius

Movidius is the leader in high performance, ultra-low power visual intelligence for connected devices. By marrying sophisticated software algorithms to a powerful, purpose-built Vision Processing Unit (VPU), Movidius brings new levels of intelligence to smart devices. Movidius’ dedicated machine vision solutions enable a new wave of intelligent and contextually aware devices including drones and AR/VR devices.  With offices in Silicon Valley, Ireland, Romania and China, Movidius is a venture-backed company with investors including Atlantic Bridge Capital, Draper Esprit, Robert Bosch Venture Capital, and Summit Bridge Capital.

Media Contact:

Jack Dashwood | jack.dashwood@movidius.com | (415) 770-8707

Read more

RhodeCode and fournova Forge Partnership to Advance Git Adoption

Posted by Paula Darlison, 27 Oct 2015

Berlin and Palo Alto October 27, 2015 RhodeCode Inc., and fournova Software GmbH, source of the market leading Git client Tower, today announced a partnership that combines the strengths of each company to deliver unparalleled Git development capabilities to customers.

This partnership brings together RhodeCode’s repository and permissions management solution, RhodeCode Enterprise, and fournova’s desktop client, Tower.  Combining both products enables companies to host their repositories and manage user permissions behindthefirewall, and developers to say goodbye to the command line and use the full capabilities of Git through Tower’s powerful and productive interface.

This partnership addresses a specific market need: enterprises are looking to simplify adoption of Git within their organization while simultaneously empowering development teams to make the most of its capabilities , said Matthew Powell RhodeCode CEO. Our customers will benefit from our aligned strategies to solve important issues and to enable greater development productivity.

RhodeCode Enterprise delivers onpremise Source Code Management with pull requests, code review, smart commit support, and workflow enforcement. It is designed to scale with permissions grouping, HighAvailability configuration options, and an API architecture which allows teams to integrate with thirdparty extensions.

fournova’s Tower is all about making Git easier to use while
still providing all of the system’s power. Features like a visual Conflict Wizard or the many “Undo” functions give developers
confidence and help reduce errors. On the other hand, Tower improves productivity by offering things like oneclick cloning, Submodule support, and easy drag & drop for complex tasks.

Freeing up developers to concentrate on delivering quality code is one of the many benefits that Tower brings to the equation. Git is gaining incredible traction in Enterprise and Tower is at the forefront of clientsided tools that enable developers to collaboratively develop and leverage the distributed power of Git over its centralized predecessors, said Tobias Günther fournova CEO. Key to this success is the creation of user friendly tools that let developers focus on what is important.

Contacts :

John Farrell
John@rhodecode.com
(415) 8132047
Julian Rothkamp
Julian@fournova.com
+49 (0)700 / 0078 0079

Read more

We support creative European founders in turning their products into global companies

STAGES OF FUNDING
Our strategy is to invest in companies that create new markets or disrupt old ones

We invest in every stage of building disruptive technology companies. This includes getting in early with seed and Series A deals, all the way up to growth opportunities. We also have the capabilities to invest into secondary transactions in later stage companies as well as buying entire funds from other tech investors. Check out our current portfolio to see the stage and sectors that we are most active in.

 
 

Consumer & Commerce

Achica

Consumer & Commerce Sector
Private buying club for luxury lifestyle products
Lead Partner: Simon Cook
Connect to company:
www.achica.com

Systems & Semiconductors

Aveillant

Systems & Semiconductors Sector
3D holographic radar and radater data services
Lead Partner: Alan Duncan
Connect to company:
aveillant.com

Mobile

Bitbar

Mobile Sector
Automated mobile software build and testing solutions
Connect to company:
testdroid.com

Enterprise & Data

Bright Computing

Enterprise & Data Sector
The leading provider of cluster management software
Connect to company:
www.brightcomputing.com

Enterprise & Data

Campanja

Enterprise & Data Sector
Real-time and high-frequency bid management software
Connect to company:
campanja.com

Enterprise & Data

Conversocial

Enterprise & Data Sector
Cloud-based enterprise social customer service
Connect to company:
conversocial.com

Enterprise & Data

Crate

Enterprise & Data Sector
Open source data store
Connect to company:
crate.io

Enterprise & Data

Datahug

Enterprise & Data Sector
Relationshiop intelligence software
Lead Partner: Brian Caulfield
Connect to company:
datahug.com

Systems & Semiconductors

Displaydata

Systems & Semiconductors Sector
FKA as ZBD. Designs and manufactures low power LCD displays
Lead Partner: Richard Marsh
Connect to company:
www.displaydata.com

Consumer & Commerce

Graze

Consumer & Commerce Sector
Nutritionally balanaced snack subscription service
Lead Partner: Simon Cook
Connect to company:
graze.com

Consumer & Commerce

Lyst

Consumer & Commerce Sector
Personalized fashion marketplace
Connect to company:
www.lyst.com/

Systems & Semiconductors

Movidius

Systems & Semiconductors Sector
Vision processor technology for mobile and portable devices
Lead Partner: Brian Caulfield
Connect to company:
www.movidius.com

Mobile

MTT – Mobile Travel Technologies

Mobile Sector
Mobile commerce platform for the global travel industry
Lead Partner: Brian Caulfield
Connect to company:
mttnow.com

Systems & Semiconductors

Netronome

Systems & Semiconductors Sector
Highly programmable semiconductor products for intelligent flow processing in network and comms devices.
Connect to company:
www.netronome.com

Health & Wellbeing

Oxford Immunotec

Health & Wellbeing Sector
IPO on NASDAQ in 2013
Connect to company:
oxfordimmunotec.com

Systems & Semiconductors

Phyworks

Systems & Semiconductors Sector
Acquired by Maxim Integrated Products
Connect to company:
www.maximintegrated.com

Enterprise & Data

RadiumOne

Enterprise & Data Sector
Online ad network
Connect to company:
radiumone.com

Enterprise & Data

RhodeCode

Enterprise & Data Sector
RhodeCode has created RhodeCode Enterprise which is an enterprise-grade source code management and collaboration solution that supports Git and Mercurial repository systems. It helps bridge the gap between the requirements enterprises have and the flexibility and ease of use that developers increasingly expect.
Connect to company:
rhodecode.com

Consumer & Commerce

SportsPursuit

Consumer & Commerce Sector
Ecommerce sports website
Connect to company:
www.sportpursuit.com

Consumer & Commerce

Tails.com

Consumer & Commerce Sector
Dog food tailor-made for your pet
Lead Partner: Simon Cook
Connect to company:
tails.com

Mobile

Taptu/Mediafed

Mobile Sector
Mobile social and media tech company
Connect to company:
www.taptu.com

Enterprise & Data

Trustpilot

Enterprise & Data Sector
World's largest consumer reviews platform
Connect to company:
trustpilot.com

Systems & Semiconductors

XMOS

Systems & Semiconductors Sector
Programmable chips bringing together the capabilities of processors, DSPs, ASICs and FPGAs
Lead Partner: Alan Duncan
Connect to company:
www.xmos.com

DFJ GLOBAL NETWORK

 

The DFJ Global Network is a self-governed organization of 16 independent venture funds operating on four continents that cooperate on market intelligence, corporate relationships, investment diligence and co-investments. The DFJ Global Network started in 1990. All members raise their own capital and manage their investment decisions independently.
Read more here...

 

OUR TEAM | Investing Partners

 
 
Simon Cook

Simon Cook

Partner

Simon is the CEO of Draper Esprit and has been involved with the European VC industry since 1995. He co-founded Draper Esprit in 2005 and has been involved with a number of Europe’s most successful startups including Lovefilm (Amazon), Cambridge Silicon Radio (IPO), Virata (IPO), nCipher (IPO) and KVS (Symantec). Previously Simon was a partner with Elderstreet Investements and a Director at 3i. He was a computer games developer early in his career and is a graduate of the University of Manchester Institute of Science and Technology (UMIST).

Portfolio Companies

Current: Graze

Stuart Chapman

Stuart Chapman

Partner

Prior to co-founding Draper Esprit in 2005 Stuart was a partner of 3i Ventures where he was also a founding partner of their Menlo Park office.  Over his 13 years at 3i he was responsible for investments in Neutec Pharma (LSE), Network Technology (LSE), The Cloud, Searchspace and Magic 4.  Stuart served as a member of the BVCA Council and Chairman of the Venture Committee and before 3i he was involved in software and systems implementations in the Banking sector.

He is a graduate of Loughborough University and serves as a Board Member of the Loughborough School of Business and Economics.

Portfolio Companies Current: StrikeAd, Kiadis, Pulmagen, M-files, Metalysis, and Doutissima.

Portfolio Companies

Current: ClearSwift, RoadAngel, StrikeAd, Kiadis, M-files, Doutissima

Brian Caulfield

Brian Caulfield

Partner

Brian is a serial entrepreneur turned VC. He previously founded software companies Exceptis Technologies which was acquired by Trintech Group and Similarity Systems that was acquired by Informatica. Prior to joining Draper Esprit, Brian was a partner at Trinity Venture Capital where he sat on the boards of or led investments in AePONA (Intel), ChangingWorlds (Amdocs), CR2, SteelTrace (Compuware) and APT (CSR). Brian currently sits on the boards of Clavis Technology and the Irish Times in addition to his Draper Esprit portfolio companies. Brian is a Computer Engineering graduate of Trinity College Dublin.

Portfolio Companies

Current: Datahug, Mobile Travel Technologies, Getbulb, Movidius

David Cummings

David Cummings

Partner

David is a venture partner responsible for the EIS co-investment funds at Draper Esprit. He is also an active angel investor in technology companies and a member of Cambridge Angels.  His current portfolio consists of over 20 companies including Truphone, Grapeshot, LoopMe, Ionscope, Centrix, Wazoku, Unbound and Arachnys. Prior to Draper Esprit, David worked at Lazard where he was the Managing Director running the TMT group in London. He was also at KPMG and IMI. David is a graduate of Trinity Hall, Cambridge and LBS.

Portfolio Companies

Current: Unbound

Vishal Gulati

Vishal Gulati

Partner

Dr. Vishal Gulati is one of the Europe’s leading digital healthcare investors. Vishal is a qualified physician and chairman of the Digital Health Forum. Over the last decade he has championed deals across areas including diagnostics, devices & biotech. He is currently on the boards of Horizon Discovery PLC  and EcoEos. His investments include Napo Pharmaceuticals, Glenmark, Renovo, Phagenesis. He has also held board positions at Psynova Neurotech, Bioscale and Enigma Diagnostics. Previously, Vishal worked at Atlas Venture, The Wellcome Trust and Radiant Capital.

Portfolio Companies

Current: Horizon Discovery

Richard Marsh

Richard Marsh

Partner

Richard is an experienced software entrepreneur turned venture capitalist. He founded and built Datanomic, a Cambridge-based software company which was a pioneer of Data Quality software and was acquired by Oracle. Richard is responsible for Draper Esprit’s investments in Connectivity (KCOM), Garlik (Experian), GreenPeak Technologies, Polatis, Psytechnics (NetScout) and ZBD Solutions. Richard is an Engineering graduate of Cambridge University where he also received his PhD. Richard holds an MBA from IMD, Lausanne, where he was a Sainsbury Management Fellow.

Portfolio Companies

Current: Connectivity, GreenPeak, Polatis, Psytechnics, DisplayData, Conversocial

Olav-Ostin

Olav Ostin

Partner

Olav is a Managing Partner of the Draper Esprit secondary practice and has been involved with the venture capital industry for the past 15 years.  In 2006, Olav co-founded Tempo Capital which joined the Draper Venture Network in 2012 to form Draper Esprit Secondaries.  Between 2000 and 2004, Olav was a Managing Director of the venture capital firm ETF Group and previously spent 6 years in investment banking at Enskilda Securities

Portfolio Companies

Current: Airweb, Awox, Boku, Miura Systems, OneAccess, Rockmobile

Jonathan Sibilia

Jonathan Sibilia

Partner

Jonathan joined Draper Esprit in 2009. Prior to joining Draper Esprit he was a senior associate in the technology group at Jefferies International advising on high-profile cross-border M&A, debt & equity offerings. Previously he worked at Rothschild & CIE in Paris. He also worked at Apax Partners Corporate Finance in France. Jonathan holds a MA in Management from EM-Lyon and the University of St Gallen in Switzerland and a MA in Advanced Corporate Finance from the University of Paris IX Dauphine.

Portfolio Companies

Current: Mobile Commerce, Qosmos

David Tate

David Tate

Partner

David is a Managing Partner in the secondary practice, which acquires portfolios of venture assets and single line investments. He has been involved in the secondary market since 2003, when he co-founded Tempo Capital, which merged with Draper Esprit in 2012, and in primary investing since 1998, and prior to this was in investment banking. He is a Chartered Accountant and was educated at Jesus College, Oxford, University College in London, and has completed the AMP at Insead.

Portfolio Companies

Current: Cerillion, MPLSystems, Trace One

OUR TEAM | Venture Partners

 
 
Tim Draper Headshot 720x396

Tim Draper

Venture Partner

Tim Draper founded Draper Associates in July, 1985, which when joined by John Fisher and Steve Jurvetson became the venture capital firm Draper Fisher Jurvetson (now DFJ). Investments include Skype, Hotmail, Tesla, Baidu, Theranos, and Overture, among many others. With Draper Associates, investments include Twitch.TV, YeePay, Indiegogo, Docusign, Parametric Technology and AngelList. He is the creator of viral marketing, a marketing method for spreading a software application from customer to customer, instrumental to the successes of Hotmail and Skype among hundreds of others including Gmail and Yahoo!mail. He founded the DFJ/Draper Network, a global network of venture funds who work together to improve service to entrepreneurs, covering 30 cities around the world. He has been listed as #46 of the most outstanding Harvard alumni, #7 on the Forbes Midas List, #1 Most Networked Venture Capitalist by Always On, and #98 on the 2014 Worth Magazine 100 Most Powerful People in Finance. He has won numerous awards and honors and is regularly featured in the press as a leading supporter of entrepreneurship.

Education and Spreading Entrepreneurship:

Tim Draper received a Bachelor of Science from Stanford University with a major in electrical engineering and a Master of Business Administration from the Harvard Business School.

He served on the California State Board of Education in 1998-1999, and led a movement for Local Choice in schools culminating in becoming proponent for a statewide initiative for School Vouchers in November, 2000. He currently leads an initiative to create six new states in California (SixCalifornias) to encourage competition and choice in government.

In 1994, he created a non-profit for young children to learn about business and entrepreneurship called BizWorld, a 501c3. In 2011, he created Draper University of Heroes, a residential and online school based in San Mateo, Ca to help extraordinary people accomplish their life missions.

Alan Duncan

Alan Duncan

Venture Partner

Alan has been in the venture capital industry for more than twenty years, initially through establishing a corporate venturing fund for Ferranti and then with Foreign & Colonial Ventures, Newmarket Venture Capital and Prelude Ventures. He joined Draper Esprit when it was formed in 2006.

Alan is responsible for a portfolio of Draper Esprit’s electronics investments including Phyworks, Lime Microsystems, SiConnect, XMOS and DisplayLink. His previous investments have included Alphamosaic (sold to Broadcom) and nCipher (IPO on LSE).

Alan has an electronic engineering background and gained his industrial experience in computer systems with Ferranti plc.

Alan is a past member of the European Venture Capital Association High Tech Committee and lecturer on the EVCA’s venture capital professional training courses.

Portfolio Companies

Current: Aveillant, Displaylink, Lime Microsystems, XMOS

team_mikko

Mikko Suonenlahti

Venture Partner

Mikko currently resides in Helsinki and is a venture partner with Draper Esprit. Mikko has over 30 years of experience in building businesses of which 20 of those years were as a venture capitalist in the US and Europe and 10 years of operations. He has personally led investments into Carbonite (CARB), Iobox (TEF), Pedestal Software (ATRS / SYMC), Sample Rate Systems (FLEX) SiGe Semiconductor (SWKS) and Tedasys (TLSYN) amongst others.

Portfolio Companies

Current: M-Files

team_sven

Sven Lung

Venture Partner

Sven is a venture partner at Draper Esprit based in Paris. Sven founded the leading European ecommerce site BrandAlley.com in 2005 where he led as CEO until 2012 where he built the company up to a €150m in revenues. In 2014, Sven launched Doutissima, an online health and beautfy platform with offices in France and Brazil with backing from Draper Esprit and Telefonica.

OUR TEAM | Operations

 
 
Paula-Darlison

Paula Darlison

Group Administration Manager

Paula is the Group Administration Manager and has been with Draper Esprit since its inception, having worked alongside the founding team since 2000.  Prior to Draper Esprit she has worked as an executive assistant at Cazenove, JP Morgan, Merrill Lynch and Morgan Stanley throughout more than 25 years within the City of London.

Stephanie Teubler

Stephanie Edwards

Team PA

Steph is based in the London office of Draper Esprit and supports the investment team as an assistant where she administers deal-flow. Steph has experience working at other investment firms in London as a team PA and was most recently at Amadeus. Steph has an MA in Translation from London Metropolitan University & a BA in English from Oxford Brookes.

Graham Redman

Graham Redman

CFO

Graham joined the Esprit team in 2006 and is responsible for the financial and IT systems of the firm.  He qualified as a Chartered Accountant with PricewaterhouseCoopers working in London, Norwich and Raleigh, primarily with SMEs before moving into industry.  After leaving PwC Graham became the Senior Accounting Manager for INC Research, a US Research Triangle based CRO before taking a Controllership position at Unitive Electronics, a venture-backed semi-conductor packaging company based in the US. Graham holds an MA in Natural Sciences from Cambridge University where he studied at Sidney Sussex College.

Annabelle

Annabelle de Saint-Quentin

CFO of Secondaries

Annabelle has been the Chief Financial Officer of Draper Esprit Secondaries, formerly known as Tempo Capital Partners since its creation in 2006. Previously she was the finance directo of London-based venture capital firm Zouk for six years. Prior to Zouk, Annabelle worked for PricewaterhouseCoopers for five years in New York, Miami and in Paris where she trained as a Chartered Accountant. Annabelle graduated from ESCP-Europe.

Daniel Pearce

Daniel Pearce

Accountant

Daniel has been the Accountant of Draper Esprit since joining the firm in 2007 working directly with the CFO on the firm’s financial reporting and back office duties. Previously he spent time working as a management accountant in both the petroleum and manufacturing industries with a couple of years working in practice. Daniel is a qualified accounting technician with 11 year’s experience behind him. In his spare time Daniel coaches football to children as a FA qualified coach.

CONTACT US

London Dublin Cambridge

 
 
 
 

London | HQ
14 Buckingham Gate,
London, SW1E 6LB
Tel: +44 20 7931 8800
Fax: +44 20 7931 8866

Dublin
5th Floor
O'Connell Bridge House (OCBH)
D'Olier Street
Dublin 2
Ireland
Tel: +353 1 645 2324

Cambridge | HQ
DFJ Esprit LLP,
Building 1010,
Cambourne Business Park,
Cambourne,
Cambridge, CB23 6DP
Tel: +44 1223 307 770
Fax: +44 1223 307 771

 
 
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