Draper Esprit plc GROW

Still the case :slight_smile: Nice NAV/share growth too.

Company report on financials out 14th June for this one. some pre release info from the company gives an indication of good things to come I think for this company.

A strong pipeline of deals £50m already approved by invenstment committee and a further £75m sitting in the pipeline being looked at.

The companies focus is to continue to upscale in terms of investment into the portfolio and into the people, systems and processes around the investment team. great to see positive moves in this, confidence in their own abilities to invest and grow.

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They have a great portfolio of companies(including Freetrade). I’ve been put off by new share issuance in the past.

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Revolut is now valued at $33 billion (~£24 billion). Based on the valuation implied by the fundraising, the Company’s gross fair value holding (before carry deductions) is approximately £119 million. This is an uplift of £99 million to the March 2021 gross fair value of £20 million. The Company first invested in Revolut in 2018 as part of its Series C round.

From Draper Espirit’s Investment Update - 13:40:52 15 Jul 2021

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Absolutely love Draper Esprit. Seems they have a fantastic ability to pick winners. Moving up to the FTSE250 next week should be very beneficial in both the short and long run.

On Revolut, and as much as I like them, £24b does seem somewhat of a high valuation especially being 6x higher than last year and with a £207m loss.


Draper should see a nice uptick in their Freetrade shares later this year as well

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Anyone heard much from these guys lately. Their shares mostly continue to climb slowly (except today)