Draper Esprit said the fundraise was being undertaken due to a sharp rise in investor appetite in technology firms in Europe. With an average deployment rate of £100 million a year, Draper Esprit is one of most active VCs in Europe. A big backer of Irish tech firms, including Movidius and Clavis Insight, Draper Esprit has also bankrolled well-known fast-growing companies such as Transferwise and Revolut. The Irish State Investment Fund-backed venture capital company floated in Dublin and London in June 2016. Draper Esprit has also made a number of disposals over the last year, including selling Tail.

Source: The Irish Times May 25, 2018 06:56 UTC