ABOUT US

 

Draper 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.

Draper 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.

DRAPER 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 Draper Esprit portfolio company

22

Exits since 2010

$3.5 BN

NEWS FEED
See all our newsworthy stories

 

Draper Esprit agrees to sell award winning wireless semiconductor company GreenPeak to Nasdaq-listed Qorvo

Posted by Paula Darlison, 18 Apr 2016

Second major success story for GreenPeak founder and CEO Cees Links who was part of the team in 1990s that created and launched Wi-Fi. Cees pitched the original concept of Wi-Fi to Steve Jobs, Apple became the first adopter, and the rest is history. This time round, GreenPeak has created ultra-low power wireless networking chips for Internet of Things and Smart Home applications.

Draper Esprit, together with co-investors Gimv, Robert Bosch Venture Capital and other shareholders, has agreed to sell its stake in GreenPeak Technologies to Qorvo (Nasdaq: QRVO), a leading provider of core technologies and RF solutions for mobile, infrastructure and defense applications.

Draper Esprit – $4bn+ in M&A and IPO success

This transaction adds to Draper Esprit’s 20+ M&A and IPO successes over the past five years, with combined valuations in excess of $4bn. The London-based firm is one of Europe’s most active venture capital investors.

Draper Esprit’s history with GreenPeak goes back to May 2006 when it co-led a 6.1 million Euro investment in the Dutch early-stage semiconductor company Xanadu Wireless, which merged in 2007 with the Belgian company Ubiwave and subsequently rebranded to GreenPeak Technologies (www.greenpeak.com). The company developed into a leader in RF communication technology for wireless connected home applications. It offers innovative ultra-low power wireless data communication controller chips for Smart Home and Internet of Things applications, such as energy efficiency, lighting, heating control, access control and security, and home healthcare and senior lifestyle monitoring systems.

From WiFi to ZigBee

About 25 years ago, GreenPeak CEO Cees Links and a key group of the current GreenPeak team designed and developed the first wireless networking technology – WiFi. Today, Cees Links and many of the same engineers have developed the next generation, ultra-low power wireless home network – based on the ZigBee/IEEE 802.15.4 wireless communication standard, and also incorporating the Bluetooth Low Energy standard.

From zero to 100 million chips sold

GreenPeak focuses on global markets and distributes its products in the USA, Europe, Asia and Latin-America, to leading OEMs and ODMs for integration with their applications and is collaborating with partners to provide innovative Smart Home solutions. Together with its headquarters in Utrecht (The Netherlands), GreenPeak also has offices in Belgium and Hong Kong.

Starting with its first product shipment in 2010, the company achieved the milestone of 100 million chips shipped during 2015. Today the company ships its chips to leading customers such as Comcast, Time Warner Cable, NTT, Cisco, Samsung, Philips, Bosch and Sony.

Cees Links, CEO GreenPeak, about this transaction: “Just like the use of WiFi started at home and was a real internet milestone, the Internet of Things with ZigBee has started at home as well, enabling the next wave in the technology revolution. With the Internet of Things we can make better decisions faster and by doing so create new wealth, making our lives more secure, more comfortable, while spending less energy. Becoming part of Qorvo will create a context for further growth and expanding our role in the development of the future.”

Richard Marsh, Partner Draper Esprit : “It has been a privilege to work with the team at GreenPeak as their vision became a hugely successful business that has the potential to change our everyday lives. GreenPeak already has its products in tens of millions of homes around the globe, and is at the forefront of one of the most transformative developments we will see over the coming years – the Internet of Things. Europe has an incredible depth of talent in key technology areas that are pivotal to this sector and GreenPeak stands as testimony to that.”

BACKGROUND – APPLE GIVES WIFI ITS BIG BREAK

Cees Link’s account of the first meeting with Steve Jobs:

http://www.eetimes.com/author.asp?section_id=36&doc_id=1266019

[VIDEO] Audience whoops and cheers as Steve Jobs demonstrates WiFI to the world with the aid of a hula hoop:

https://www.youtube.com/watch?v=HFngngjy4fk

ABOUT DRAPER ESPRIT

More information on Draper Esprit can be found on www.draperesprit.com.

For further information please contact:

Richard Marsh, Partner Draper Esprit

T +44 (0) 7884 440 558 – richard.marsh@draperesprit.com

Simon Cook, Managing Partner, Draper Esprit

T +44 (0) 207 932 8956  – simon.cook@draperesprit.com

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Draper Associates Closes $190M Seed Fund – Brings On Outside Investors For The First Time

Posted by Paula Darlison, 11 Apr 2016

April, 11th, 2016 – San Mateo, CA – Tim Draper, founder of DFJ and the Draper Venture Network and early investor in Skype, Baidu, Tesla, TwitchTV, Hotmail, Cruise Automation, and Thumbtack, announced today that he’s closed a $190 million early stage venture fund under the brand Draper Associates.

Draper Associates has historically been a personal investment vehicle for Draper, and this fund represents the first time the opportunity has been offered to outside LPs. “We believe that the venture capital business and finance generally is going through a transformation and we raised this fund to lead that change,” said Draper. “We have created an ecosystem that we believe will give Draper-backed entrepreneurs an edge as they build their businesses.”

The fund will focus primarily on leading early-stage investments, with the ability to support companies with follow-on rounds in certain cases. The fund targets the “Global Silicon Valley,” where new technologies are transforming our world. Draper lists FinTech, GovTech, Healthcare, Education, Insurance and Logistics as ‘ripe for transformation,’ and says that the fund is open to any entrepreneur who is willing to challenge the status quo.

The core investment team for Draper Associates consists of Tim, Billy Draper, and Andy Tang. The team intends to stay lean and nimble for quick process and decision-making, but expects to work with partners from the Draper Venture Network and select venture partners for additional expertise when needed.

About Draper Associates

Draper Associates is a premiere brand in early-stage venture capital. The entrepreneur-centric firm has built a reputation for venture capital that encourages entrepreneurs to drive their businesses to greatness, to transform industries with new technologies, and to build platforms for extraordinary growth, jobs, and wealth creation.

To learn more, visit www.draper.vc

Draper Associates
press@draper.vc
http://draper.vc/press

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

DRAPER VENTURE NETWORK

 

The Draper Venture 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 Draper Venture 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
Draper 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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