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Draper Esprit portfolio reaches £1bn, boosted by Freetrade, TrustPilot and UiPath

After an "exceptionally strong" year for tech and fintech startups.

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Daniel Dines/UiPath.

Listed tech investor Draper Esprit this morning revealed the value of its portfolio has reached £955m, boosted by an increase in fair value by 47 per cent over the past year.

The figures, which are unaudited and came in a trading update, point to solid performance across the investor’s portfolio, including CrowdCube, FintechOS, Freetrade,Form3, Getsafe, N26 and PrimaryBid.

Most recently Draper benefited from the growing valuation on Freetrade, Trustpilot’s £1.08bn price at IPO, and UiPath’s incredible $30bn listing in New York.

"The market for tech company investments has been exceptionally strong since the pandemic, highlighting the importance of technology to many aspects of our future,” said Draper CEO Martin Davis.

“Our impressive fair value increase reflects that, as well as the ability of our Partners to identify companies with potential for high growth.”

In October Draper raised £107m in an equity placing for reinvestment, and today said it had over £50m in deals approved by the investment committee with a further £75m in the near-term pipeline.

The trading update said that for 2021 Draper will also be growing its team and infrastructure in order to handle an increased investment cadence.

It anticipates deploying £150m over the coming year in future tech startup funding rounds.

Most recently, Draper participated in the £60m funding round of FintechOS, the low-code financial infrastructure provider.

This Wednesday Draper Esprit partner Vinoth Jayakumar will be speaking about the fintech investment landscape and ‘Capital Raising In 2021’ at AltFi’s Australasia Summit at 8.30am UK Time / 5.30pm AEST.

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