Wednesday, March 29, 2023
Germany Latest News
  • Sports
  • USA
  • Asia
  • Health
  • Life Style
  • Tech
  • Science
  • Latin America
  • Africa
  • Europe
No Result
View All Result
Germany Latest News

Graze backer Draper Esprit boosts its portfolio value by 44 per cent

by The Editor
October 24, 2017
in Tech
0

Listed venture capital firm Draper Esprit, which has backed businesses such as snack producer Graze and fashion marketplace Lyst, announced in interim results this morning that its portfolio value had rocketed.

The numbers

Draper Esprit's gross primary portfolio value – or the value of all its investment holdings, before deductions – was up 44 per cent in the six months ending in September to £162.8m. The fair value, including deductions, grew by 22 per cent.

Related posts

Would artificial intelligence impact information access?

Would artificial intelligence impact information access?

February 7, 2023
The Effect of Electric Cars and Climate Change

The Effect of Electric Cars and Climate Change

January 20, 2023

Its net asset value per share was up 2p to 372p, although profit after tax sank from £33.2m in the previous half to £20.9m.

The company raised additional capital of £100m, and had £92m on its balance sheet at the end of September.

Read more: Graze's private equity owners ready to chomp down on £300m sale

Why it's interesting

Over the six months, Draper Esprit has invested £26.5m from its balance sheet and £12 from its enterprise investment schemes (EISs) and venture capital trusts (VCTs) in three new and six existing portfolio companies.

It has also been building its team, hiring former Eden Ventures managing partner Ben Tomkins.

New and existing shareholders in the company helped Draper Esprit raise £100m, while another £35m was raised across the EIS and VCT funds.

Although the firm's share price climbed 0.31 per cent to 325p, this is still well below its net asset value of 372p per share.

Read more: Graze's venture capital backer Draper Esprit publishes first results since its float showing £33m profit

What Draper Esprit said

“We set ourselves a financial benchmark of achieving 20 per cent year-on-year growth in portfolio value, in line with our historical record, and are consistently achieving this,” said Draper Esprit's chief executive Simon Cook.

“At the half year we have already delivered 22 per cent growth in the portfolio and stand well positioned to deliver over the full year with significant cash balances remaining to deploy.

Importantly, we are retaining the ability to hold and grow our companies for longer than our non-listed competitors can, and with larger sums available for later rounds to maximise the opportunity and build large successful European technology businesses.

“We continue to find exciting new opportunities as technology innovation shows no sign of slowing, and our recent seed funds initiative is helping to forge key relationships at the very earliest stages.”

Read more: VC firm Draper Esprit's IPO at the height of Brexit has paid off with pre-tax profits of £26.5m

Let's block ads! (Why?)

Original Article

Previous Post

Weinstein’s ex assistant breaks silence

Next Post

‘Fake news’ inquiry asks Facebook to check for Russian influence in UK

Next Post
‘Fake news’ inquiry asks Facebook to check for Russian influence in UK

‘Fake news’ inquiry asks Facebook to check for Russian influence in UK

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Malaysia says APEC leaders may still meet in November despite COVID-19

Malaysia says APEC leaders may still meet in November despite COVID-19

3 years ago
Mexico police officers sought over three missing Italians

Mexico police officers sought over three missing Italians

5 years ago
Hardware vulnerability bypasses Spectre and Meltdown patches     – CNET

Hardware vulnerability bypasses Spectre and Meltdown patches – CNET

4 years ago
Belgium says sorry for forced removal of mixed-race children

Belgium says sorry for forced removal of mixed-race children

4 years ago

FOLLOW US

  • 121 Followers
  • 87.2k Followers
  • 189k Subscribers

BROWSE BY CATEGORIES

  • Africa
  • Asia
  • Europe
  • Health
  • latest news
  • Latin America
  • Life Style
  • Science
  • Sports
  • Tech
  • Uncategorized
  • USA

BROWSE BY TOPICS

2018 League Bali United Beijing BlackBerry Brazil Broja Budget Travel Bundesliga California Champions League Chelsea China Chopper Bike Coronavirus COVID COVID-19 Crime Doctor Terawan EU France French German Istana Negara Italy Kazakhstan Market Stories Mexico National Exam Nigeria Omicron Pakistan Police protests Qatar Ronaldo Russia Smart Voting Sweden TikTok Trump UK Ukraine US vaccine Visit Bali
No Result
View All Result

Recent Posts

  • Would artificial intelligence impact information access?
  • Can Misinfo Harm Science?
  • Medical Solutions for Break-Up Mental Issues
  • Causes of Long-Term Insomnia
  • Impact of China on the World Economy

Categories

  • Africa
  • Asia
  • Europe
  • Health
  • latest news
  • Latin America
  • Life Style
  • Science
  • Sports
  • Tech
  • Uncategorized
  • USA

Tags

2018 League Bali United Beijing BlackBerry Brazil Broja Budget Travel Bundesliga California Champions League Chelsea China Chopper Bike Coronavirus COVID COVID-19 Crime Doctor Terawan EU France French German Istana Negara Italy Kazakhstan Market Stories Mexico National Exam Nigeria Omicron Pakistan Police protests Qatar Ronaldo Russia Smart Voting Sweden TikTok Trump UK Ukraine US vaccine Visit Bali
Impact of China on the World Economy
latest news

Impact of China on the World Economy

by The Editor
January 20, 2023
0

In recent decades, China has emerged as one of the world's largest economies. It is now a crucial part of...

Read more

Recent News

  • Would artificial intelligence impact information access?
  • Can Misinfo Harm Science?
  • Medical Solutions for Break-Up Mental Issues

Category

  • Africa
  • Asia
  • Europe
  • Health
  • latest news
  • Latin America
  • Life Style
  • Science
  • Sports
  • Tech
  • Uncategorized
  • USA

Recent News

Would artificial intelligence impact information access?

Would artificial intelligence impact information access?

February 7, 2023
Can Misinfo Harm Science?

Can Misinfo Harm Science?

February 7, 2023
  • About
  • Advertise
  • Careers
  • Contact

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Sports
  • USA
  • Asia
  • Health
  • Life Style
  • Tech
  • Science
  • Latin America
  • Africa
  • Europe

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.