Dublin and London-listed venture capital firm Draper Esprit has raised £110m through the sale of new shares.
The company sold more than 19.8m shares at 555 pence per share. It said the sale was over-subscribed.
Draper Esprit announced plans for the fund-raising yesterday, saying it wanted to increase its funding rounds and invest in follow-on opportunities.
"We have been closely watching the development of our portfolio companies and the market as a whole as the post Covid-19 world emerges, and have been greatly encouraged by the increased pace of change driven by greater adoption of technology and an increased priority on digitisation," said Martin Davis, CEO Draper Esprit. "This enables us to play a central role in helping entrepreneurs invent the future, and this funding round will play a key role in us delivering on that vision."
Draper has focused its investments on tech firms, backing companies like Revolut, N26 and Trustpilot.
It has also backed a number of Irish firms, including Currency Fair and Roomex.
