- Draper Esprit, a leading venture capital firm investing in high growth digital technology businesses, has announced a strategy to target up to £75m ($100m) of investment in the top seed funds across Europe over a five-year period.

Draper Esprit has committed to invest in the latest funds of both Seedcamp ( and Episode1 Ventures (

Draper Esprit already invests in leading crowdfunding companies, Crowdcube and Seedrs.

Chief executive Simon Cook said: 'Our mission to democratise the venture capital model continues.

'Our plan is to create a significant fund of funds business, which will target investment in 10 to 20 seed funds, angel networks and early stage investment platforms over the coming years.

'We are investing in two of the UK's best-known seed investors: Seedcamp and Episode1 and are currently looking into three others.

'By partnering with the best seed funds, we can help them scale up their series A and B funding rounds more quickly, which in turn will accelerate growth for the most ambitious entrepreneurs.

'We have a number of pools of capital to back leading entrepreneurs and to deploy across the different funding life cycles of fast growing technology companies.

'External investors both institutional and private can use our evergreen listed venture capital model to access, on a pooled basis, the top seed funding platforms, screened and picked by our experienced team.

'This gives them exposure to a very important asset class on a pooled portfolio approach; giving a degree of risk mitigation, with added liquidity and without them having to sift through and pick individual seed funds themselves.'

He added: 'Post Brexit it is imperative that UK investors continue to have access to the best early stage investment opportunities and having established itself as a leading hub for technology entrepreneurs from all over the world, the UK needs to keep supporting all stages of venture funding.

'Draper Esprit is building a business of scale, partnering with leading institutional and private investors, to support and benefit from high growth private technology companies across Europe.'

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