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
Story provided by StockMarketWire.com
Shares Magazine

Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.
Investor Events

Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.