StockMarketWire.com - Venture capital firm Draper Esprit said portfolio company and customer review portal Trustpilot had raised $55m from a funding round.

The company first invested in Trustpilot in 2013, with follow-on investments in 2015 and 2017.

The latest fundraise was led by Sunley House Capital Management with participation from other existing investors including Draper Esprit.

'Trustpilot is a fantastic business that we've backed for some years,' chief executive Simon Cook said.

'They've built a market leading business model and have grown strongly since we initially invested in them in 2013.'

'This new round of investment will enable them to consolidate their position as the world's leading platform for trust online.'


At 2:48pm: [LON:GROW] Draper Esprit Plc share price was +7.5p at 547.5p



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