Draper Esprit acquires Seedcamp funds I and II for £17.9m

Public VC  Draper Esprit, which has invested in UK tech firms such as LoveFilm and Graphcore, has acquired Seedcamp Funds I and II for £17.9m.

As a result of the deal, Draper Esprit now owns Seedcamp’s stake in UK FinTech unicorn TransferWise.

It is believed the transaction will results in 4x returns to Seedcamp’s investors. To read more about this, click here.