Draper Esprit reports 10% growth in value of portfolio despite Covid-19 challenges

The venture capital firm invested £32m (€36m) into two new companies, Cazoo and Ravelin, during the six month period

Draper Esprit reported profit after tax of £54m (€60m) for the period, down from £59m at the end of the same period last year.

Dublin-listed venture capital firm Draper Esprit has reported a 10% growth in its gross portfolio value for the six-month period up to September 30.

In a trading update issued this morning, the venture capital (VC) firm reported its gross portfolio value was £702m (€782m) at the end of September, down slightly from £703m (€783m) at the end of March.