Draper Esprit (AIM: GROW, ESM: GRW), a leading venture capital firm investing in and developing high growth digital technology businesses, announces that funds managed by the Group have recently committed a total of £6.6 million into three exciting new European based digital technology businesses: Evonetix, Droplet Computing and Kaptivo.
In aggregate, these companies have recently completed fundraising rounds totalling over £15.2 million.
About the three investments:
Evonetix was founded in 2016 in Cambridge to develop technology that enables the parallel synthesis of DNA on silicon arrays, to facilitate the fast-emerging field of synthetic biology, where there is increasing demand for high throughput and highly accurate DNA synthesis. The company’s platform uses an addressable silicon array to direct the synthesis of DNA at many sites in parallel, followed by an error-detection process to allow the assembly of high-fidelity DNA at scale. Evonetix’s platform offers the prospect of synthesising DNA sequences accurately without limitation of size, potentially transforming the world of synthetic biology by enabling scientists to engineer the next generation of medicines, as well as improved versions of products currently used every day.
Evonetix completed a Series A round co-led by Draper Esprit and Silicon Valley based investor DCVC (Data Collective) and including among others Hermann Hauser, the Cambridge-based scientist and entrepreneur.
Droplet Computing founded in 2014 in Kidderminster, is redefining application delivery with its patent-pending application container technology, enabling applications to be delivered on any device. Today’s businesses are under pressure to transform and update but are being held back by applications – from legacy up to current versions. Droplet Computing decouples applications from the OS for online and offline use and delivers significant business value by providing costs savings and to user productivity.
Kaptivo is a Cambridge based company bringing analog whiteboards into the digital enterprise collaboration space. Kaptivo’s mission is to enhance collaboration by providing a bridge between the physical and digital worlds. Their products provide whiteboard live streaming and image capture for enterprise and education markets. Kaptivo develops and applies leading-edge optical technology, image processing, and embedded computer vision software. Kaptivo has offices in Silicon Valley, California, and Cambridge in the UK.
Kaptivo recently completed a round of financing with Draper Esprit investing alongside Benhamou Global Ventures and Generation Ventures. With the new funding, Kaptivo will expand its global presence through channel and strategic partnerships, accelerate product development, as well as adding further world-class talent to its team.
Simon Cook, CEO at Draper Esprit commented:
“Draper Esprit continues to lead the way in UK and European tech funding. From synthetic biology, to productivity in the office and the educational environment, these three recent investments are great examples of emerging businesses that utilise their technology to transform the markets in which they operate. All have the potential to become global leaders and we look forward to providing further expertise and capital support to enable them to scale quickly.”
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