Investing success and new assays
After a volatile start to 2021, the share price of last year’s top AIM performer received a boost on news of the launch of a new portfolio of assays. Elsewhere there were decent results from a software group and an exceptional investment gain from a private equity investor.
Draper Esprit: another big investment successDraper Esprit (LON: GROW, Euronext Growth: GRW), the venture capital firm investing in high growth digital technology businesses, appears to have achieved another big success with one of its investments. UiPath Inc., the robotic process automation software business, yesterday announced a $750m fundraise at a whopping $35 billion valuation. Draper Esprit originally acquired its holding in UiPath in January 2019 and based on the valuation implied by the fundraising, Draper Esprit's gross fair value (before carry deductions) is approximately £115m, an uplift of £78m to the September 2020 fair value of £37m. This is clearly…