ABOUT US

 

DFJ Esprit was founded in 2006 with a mission to back Europe's most ambitious entrepreneurs.
We invest into visionary and growing companies and also have the ability to do direct secondary deals into late stage tech companies as well as buying entire venture capital portfolios. We raise funds from a variety sources and always are able to source capital for the best opportunities through our partnerships.

Our leading institutional LPs have committed more than $1 billion to our funds to date, and we are one of the largest and most active VC firms in Europe. If you are an LP seeking more information regarding our funds or co-investment opportunities contact Simon Cook.

In 2012, we launched our first angel EIS co-investment fund to enable founders, tech executives and HNW’s to invest alongside us to help build bigger networks for our portfolio companies. Through our angel EIS co-investment funds, we have successfully deployed capital on behalf of over a hundred personal investors into some of Europe’s fastest growing companies alongside our leading institutional investors. For more information contact Richard Marsh.

DFJ Esprit has also been the most active secondary tech investor in Europe having acquired ten VC portfolios to date as well as direct stakes into later stage companies. Our total capital commitments for secondary transactions is over $400m and if you’d like to speak about a secondary opportunity please contact Olav Ostin.

DFJ ESPRIT FACTS

 
 

Funds raised to date

$1 BN

Investing currently from fund

3

Size of current active funds (primary & secondary)

$300 M
 
 

No. of investments made since foundation

+

No. of countries with a DFJ Esprit portfolio company

22

Exits since 2010

$3.5 BN

NEWS FEED
See all our newsworthy stories

 

Fluidic Analytics Secures £1.56 Million to Develop New Protein Characterisation Technology

Posted by dfjesprit, 12 Jan 2015

London and Cambridge, 12 January 2015Fluidic Analytics Limited, a spinout from the University of Cambridge, has raised £1.56 million (US$2.4 million) in a Series A financing led by Cambridge Enterprise and including DFJ Esprit, IQ Capital, Parkwalk Advisors and Amadeus Capital Partners as co-investors.

Fluidic Analytics has developed a proprietary technology to characterise proteins in a rapid, accurate and cost-effective manner. The technology is based on research conducted at the University of Cambridge and has high-value applications including identifying markers that indicate the onset of diseases in the human body.

In contrast to DNA, whose sequence provides information on the likelihood of developing a disease at some point in life, proteins provide real-time information on the actual, current disease state of the body. Real-time information on disease states is widely seen as the key to timely, effective medical treatment .The global market for protein-based medical-diagnostic tools exceeds three billion dollars annually.

Fluidic Analytics was founded in 2013 by Dr Tuomas Knowles of the University’s Department of Chemistry. The company’s executive team is headed by serial entrepreneur Andrew Lynn, who previously led University spin-outs Orthomimetics and CamGaN to acquisitions in 2009 and 2012, respectively. Experienced life-sciences financier and director Anthony Colletta chairs the board of directors, which also includes corporate-finance and tax expert Colin Hailey as an independent non-executive director.

Commenting on the investment, Fluidic Analytics CEO Dr Andrew Lynn said: “This financing will enable Fluidic Analytics to bring its first product swiftly to market and also allow us to make significant progress to capitalise on some of the exciting pipeline opportunities that our customers have helped us to identify. To welcome such a strong consortium of investors is a tremendous asset for our company’s long-term future”.

“Fluidic Analytics is an exciting example of the new generation of companies that can transform healthcare from being a data-poor industry to a data-rich industry,” said Vishal Gulati, DFJ Esprit, “Their novel and proprietary technology has the potential to make high-throughput protein analytics a reality. The availability of rapid, inexpensive and real time protein identification and analytics could make a dramatic difference in the way we maintain health and treat disease.”

“Fluidic Analytics perfectly illustrates how a University of Cambridge spinout supported by Cambridge Enterprise can merge the work of academics, entrepreneurs and early stage investors to bring potentially world-changing technology to market,” said Bradley Hardiman, Investment Manager at Cambridge Enterprise, the commercialisation arm of the University of Cambridge.

Vishal Gulati and Bradley Hardiman will join the Fluidic Analytics Board of Directors.

Advisors for this transaction were Bracher Rawlins LLP, Confluence Tax LLP and Taylor Vinters LLP.

 

Read more

Software is Eating the Enterprise: Why We Invested into RhodeCode

Posted by dfjesprit, 11 Nov 2014

Today, RhodeCode, Inc. announced that DFJ Esprit and Earlybird led the company’s first investment round of $3.5M. Everyone at DFJ Esprit is absolutely delighted to be working with RhodeCode to build a world-leading enterprise software company right in the heart of Berlin.

Read more

We support creative European founders in turning their products into global companies

STAGES OF FUNDING
Our strategy is to invest in companies that create new markets or disrupt old ones

We invest in every stage of building disruptive technology companies. This includes getting in early with seed and Series A deals, all the way up to growth opportunities. We also have the capabilities to invest into secondary transactions in later stage companies as well as buying entire funds from other tech investors. Check out our current portfolio to see the stage and sectors that we are most active in.

 
 

Consumer & Commerce

Achica

Consumer & Commerce Sector
Private buying club for luxury lifestyle products
Lead Partner: Krishna Visvanathan
Connect to company:
www.achica.com

Systems & Semiconductors

Aveillant

Systems & Semiconductors Sector
3D holographic radar and radater data services
Lead Partner: Alan Duncan
Connect to company:
aveillant.com

Mobile

Bitbar

Mobile Sector
Automated mobile software build and testing solutions
Lead Partner: Scott Sage
Connect to company:
testdroid.com

Enterprise & Data

Bright Computing

Enterprise & Data Sector
The leading provider of cluster management software
Connect to company:
www.brightcomputing.com

Enterprise & Data

Conversocial

Enterprise & Data Sector
Cloud-based enterprise social customer service
Lead Partner: Scott Sage
Connect to company:
conversocial.com

Enterprise & Data

Crate

Enterprise & Data Sector
Open source data store
Connect to company:
crate.io

Systems & Semiconductors

Displaydata

Systems & Semiconductors Sector
FKA as ZBD. Designs and manufactures low power LCD displays
Lead Partner: Richard Marsh
Connect to company:
www.displaydata.com

Consumer & Commerce

Graze

Consumer & Commerce Sector
Nutritionally balanaced snack subscription service
Lead Partner: Simon Cook
Connect to company:
graze.com

Consumer & Commerce

Lyst

Consumer & Commerce Sector
Personalized fashion marketplace
Lead Partner: Scott Sage
Connect to company:
lyst.com

Systems & Semiconductors

Movidius

Systems & Semiconductors Sector
Vision processor technology for mobile and portable devices
Lead Partner: Brian Caulfield
Connect to company:
www.movidius.com

Mobile

MTT – Mobile Travel Technologies

Mobile Sector
Mobile commerce platform for the global travel industry
Lead Partner: Brian Caulfield
Connect to company:
mttnow.com

Systems & Semiconductors

Netronome

Systems & Semiconductors Sector
Highly programmable semiconductor products for intelligent flow processing in network and comms devices.
Lead Partner: Krishna Visvanathan
Connect to company:
www.netronome.com

Health & Wellbeing

Oxford Immunotec

Health & Wellbeing Sector
IPO on NASDAQ in 2013
Connect to company:
oxfordimmunotec.com

Systems & Semiconductors

Phyworks

Systems & Semiconductors Sector
Acquired by Maxim Integrated Products
Connect to company:
www.maximintegrated.com

Enterprise & Data

RhodeCode

Enterprise & Data Sector
RhodeCode has created RhodeCode Enterprise which is an enterprise-grade source code management and collaboration solution that supports Git and Mercurial repository systems. It helps bridge the gap between the requirements enterprises have and the flexibility and ease of use that developers increasingly expect.
Connect to company:
rhodecode.com

Consumer & Commerce

Tails.com

Consumer & Commerce Sector
Dog food tailor-made for your pet
Lead Partner: Simon Cook
Connect to company:
tails.com

Systems & Semiconductors

XMOS

Systems & Semiconductors Sector
Programmable chips bringing together the capabilities of processors, DSPs, ASICs and FPGAs
Lead Partner: Alan Duncan
Connect to company:
www.xmos.com

DFJ GLOBAL NETWORK

 

The DFJ Global Network is a self-governed organization of 16 independent venture funds operating on four continents that cooperate on market intelligence, corporate relationships, investment diligence and co-investments. The DFJ Global Network started in 1990. All members raise their own capital and manage their investment decisions independently.
Read more here...

 

OUR TEAM | Investing Partners

 
 
Simon Cook

Simon Cook

Partner

Simon is the CEO of DFJ Esprit and has been involved with the European VC industry since 1995. He co-founded DFJ Esprit in 2005 and has been involved with a number of Europe’s most successful startups including Lovefilm (Amazon), Cambridge Silicon Radio (IPO), Virata (IPO), nCipher (IPO) and KVS (Symantec). Previously Simon was a partner with Elderstreet Investements and a Director at 3i. He was a computer games developer early in his career and is a graduate of the University of Manchester Institute of Science and Technology (UMIST).

Portfolio Companies

Current: Graze

Stuart Chapman

Stuart Chapman

Partner

Prior to co-founding DFJ Esprit in 2005 Stuart was a partner of 3i Ventures where he was also a founding partner of their Menlo Park office.  Over his 13 years at 3i he was responsible for investments in Neutec Pharma (LSE), Network Technology (LSE), The Cloud, Searchspace and Magic 4.  Stuart served as a member of the BVCA Council and Chairman of the Venture Committee and before 3i he was involved in software and systems implementations in the Banking sector.

He is a graduate of Loughborough University and serves as a Board Member of the Loughborough School of Business and Economics.

Portfolio Companies Current: StrikeAd, Kiadis, Pulmagen, M-files, Metalysis, and Doutissima.

Portfolio Companies

Current: ClearSwift, RoadAngel, StrikeAd, Kiadis, M-files, Doutissima

Brian Caulfield

Brian Caulfield

Partner

Brian is a serial entrepreneur turned VC. He previously founded software companies Exceptis Technologies which was acquired by Trintech Group and Similarity Systems that was acquired by Informatica. Prior to joining DFJ Esprit, Brian was a partner at Trinity Venture Capital where he sat on the boards of or led investments in AePONA (Intel), ChangingWorlds (Amdocs), CR2, SteelTrace (Compuware) and APT (CSR). Brian currently sits on the boards of Clavis Technology and the Irish Times in addition to his DFJ Esprit portfolio companies. Brian is a Computer Engineering graduate of Trinity College Dublin.

Portfolio Companies

Current: Datahug, Mobile Travel Technologies, Getbulb, Movidius

Jonathan Sibilia

Jonathan Sibilia

Partner

Jonathan joined DFJ Esprit in 2009. Prior to joining DFJ Esprit he was a senior associate in the technology group at Jefferies International advising on high-profile cross-border M&A, debt & equity offerings. Previously he worked at Rothschild & CIE in Paris. He also worked at Apax Partners Corporate Finance in France. Jonathan holds a MA in Management from EM-Lyon and the University of St Gallen in Switzerland and a MA in Advanced Corporate Finance from the University of Paris IX Dauphine.

Portfolio Companies

Current: Mobile Commerce, Qosmos

Olav-Ostin

Olav Ostin

Partner

Olav is a Managing Partner of the DFJ Esprit secondary practice and has been involved with the venture capital industry for the past 12 years. In 2006, Olav co-founded Tempo Capital which joined the DFJ Network in 2012 to form DFJ Esprit Secondaries. Between 2000 and 2004, Olav was a Managing Director of the venture capital firm ETF Group and previously spent 6 years in investment banking at Enskilda Securities.

Portfolio Companies

Current: Airweb, Awox, Mindmatics, OneAccess, Silecs

Richard Marsh

Richard Marsh

Partner

Richard is an experienced software entrepreneur turned venture capitalist. He founded and built Datanomic, a Cambridge-based software company which was a pioneer of Data Quality software and was acquired by Oracle. Richard is responsible for DFJ Esprit’s investments in Connectivity (KCOM), Garlik (Experian), GreenPeak Technologies, Polatis, Psytechnics (NetScout) and ZBD Solutions. Richard is an Engineering graduate of Cambridge University where he also received his PhD. Richard holds an MBA from IMD, Lausanne, where he was a Sainsbury Management Fellow.

Portfolio Companies

Current: Connectivity, GreenPeak, Polatis, Psytechnics, DisplayData, Conversocial

Scott Sage

Scott Sage

Partner

Scott has spent the last 7 years working in the startup industry. Before joining DFJ Esprit in 2010 he worked in research, marketing, business development and finance roles at Dashboard Ventures, UBS Investment Bank, BVCA and Smarkets. He invests into consumer and enterprise software companies and currently works with Lyst, SportPursuit, Campanja, TrustPilot, Conversocial and Datahug. Scott also co-founded CityMeetsTech in London and is a graduate of Texas Tech University.

Portfolio Companies

Current: Bitbar, Campanja, Conversocial, Lyst, SportPursuit, Trustpilot

David Tate

David Tate

Partner

David is a Managing Partner in the secondary practice, which acquires portfolios of venture assets and single line investments. He has been involved in the secondary market since 2003, when he co-founded Tempo Capital, which merged with DFJ Esprit in 2012, and in primary investing since 1998, and prior to this was in investment banking. He is a Chartered Accountant and was educated at Jesus College, Oxford, University College in London, and has completed the AMP at Insead.

Portfolio Companies

Current: CAST, Cerillion, MPLSystems, Trace One

Krishna Visvanathan

Krishna Visvanathan

Partner

Krishna has been a venture capitalist since 1999 and focuses on internet, mobile and networking investments. He led DFJ Esprit’s investments in Achica, Trustpilot, Qosmos, RadiumOne and Netronome Systems amongst others; exited investments include Icera (Nvidia), The Cloud Networks (BskyB). Prior to DFJ Esprit, Krishna spent 10 years with 3i where he was responsible for investments in Blue Lithium (Yahoo!), Ezurio (Laird), Ubinetics (CSR plc and Aeroflex Inc.), Fastnet Systems (Redstone plc) and BTN Ltd (C&W plc).

Portfolio Companies

Current: Achica, MoviePilot, Netronome, Light Blue Optics, CamSemi, Qosmos, TrustPilot, Campanja, MediaFed, SportPursuit

OUR TEAM | Venture Partners

 
 
Vishal Gulati

Vishal Gulati

Venture Partner

Dr. Vishal Gulati is one of the Europe’s leading digital healthcare investors. Vishal is a qualified physician and chairman of the Digital Health Forum. Over the last decade he has championed deals across areas including diagnostics, devices & biotech. He is currently on the boards of Horizon Discovery PLC  and EcoEos. His investments include Napo Pharmaceuticals, Glenmark, Renovo, Phagenesis. He has also held board positions at Psynova Neurotech, Bioscale and Enigma Diagnostics. Previously, Vishal worked at Atlas Venture, The Wellcome Trust and Radiant Capital.

Portfolio Companies

Current: Horizon Discovery

Alan Duncan

Alan Duncan

Venture Partner

Alan has been in the venture capital industry for more than twenty years, initially through establishing a corporate venturing fund for Ferranti and then with Foreign & Colonial Ventures, Newmarket Venture Capital and Prelude Ventures. He joined DFJ Esprit when it was formed in 2006.

Alan is responsible for a portfolio of DFJ Esprit’s electronics investments including Phyworks, Lime Microsystems, SiConnect, XMOS and DisplayLink. His previous investments have included Alphamosaic (sold to Broadcom) and nCipher (IPO on LSE).

Alan has an electronic engineering background and gained his industrial experience in computer systems with Ferranti plc.

Alan is a past member of the European Venture Capital Association High Tech Committee and lecturer on the EVCA’s venture capital professional training courses.

Portfolio Companies

Current: Aveillant, Displaylink, Lime Microsystems, XMOS

team_mikko

Mikko Suonenlahti

Venture Partner

Mikko currently resides in Helsinki and is a venture partner with DFJ Esprit. Mikko has over 30 years of experience in building businesses of which 20 of those years were as a venture capitalist in the US and Europe and 10 years of operations. He has personally led investments into Carbonite (CARB), Iobox (TEF), Pedestal Software (ATRS / SYMC), Sample Rate Systems (FLEX) SiGe Semiconductor (SWKS) and Tedasys (TLSYN) amongst others.

Portfolio Companies

Current: M-Files

team_sven

Sven Lung

Venture Partner

Sven is a venture partner at DFJ Esprit based in Paris. Sven founded the leading European ecommerce site BrandAlley.com in 2005 where he led as CEO until 2012 where he built the company up to a €150m in revenues. In 2014, Sven launched Doutissima, an online health and beautfy platform with offices in France and Brazil with backing from DFJ Esprit and Telefonica.

David Cummings

David Cummings

Venture Partner

David is a venture partner responsible for the EIS co-investment funds at DFJ Esprit. He is also an active angel investor in technology companies and a member of Cambridge Angels.  His current portfolio consists of over 20 companies including Truphone, Grapeshot, LoopMe, Ionscope, Centrix, Wazoku, Unbound and Arachnys. Prior to DFJ Esprit, David worked at Lazard where he was the Managing Director running the TMT group in London. He was also at KPMG and IMI. David is a graduate of Trinity Hall, Cambridge and LBS.

Portfolio Companies

Current: Unbound

OUR TEAM | Operations

 
 
Paula-Darlison

Paula Darlison

Group Administration Manager

Paula is the Group Administration Manager and has been with DFJ Esprit since its inception, having worked alongside the founding team since 2000.  Prior to DFJ Esprit she has worked as an executive assistant at Cazenove, JP Morgan, Merrill Lynch and Morgan Stanley throughout more than 25 years within the City of London.

Stephanie Teubler

Stephanie Teubler

Team PA

Steph is based in the London office of DFJ Esprit and supports the investment team as an assistant where she administers deal-flow. Steph has experience working at other investment firms in London as a team PA and was most recently at Amadeus. Steph has an MA in Translation from London Metropolitan University & a BA in English from Oxford Brookes.

Graham Redman

Graham Redman

CFO

Graham joined the Esprit team in 2006 and is responsible for the financial and IT systems of the firm.  He qualified as a Chartered Accountant with PricewaterhouseCoopers working in London, Norwich and Raleigh, primarily with SMEs before moving into industry.  After leaving PwC Graham became the Senior Accounting Manager for INC Research, a US Research Triangle based CRO before taking a Controllership position at Unitive Electronics, a venture-backed semi-conductor packaging company based in the US. Graham holds an MA in Natural Sciences from Cambridge University where he studied at Sidney Sussex College.

Annabelle

Annabelle de Saint-Quentin

CFO of Secondaries

Annabelle has been the Chief Financial Officer of DFJ Esprit Secondaries, formerly known as Tempo Capital Partners since its creation in 2006. Previously she was the finance directo of London-based venture capital firm Zouk for six years. Prior to Zouk, Annabelle worked for PricewaterhouseCoopers for five years in New York, Miami and in Paris where she trained as a Chartered Accountant. Annabelle graduated from ESCP-Europe.

Daniel Pearce

Daniel Pearce

Accountant

Daniel has been the Accountant of DFJ Esprit since joining the firm in 2007 working directly with the CFO on the firm’s financial reporting and back office duties. Previously he spent time working as a management accountant in both the petroleum and manufacturing industries with a couple of years working in practice. Daniel is a qualified accounting technician with 11 year’s experience behind him. In his spare time Daniel coaches football to children as a FA qualified coach.

CONTACT US

London Dublin Cambridge

 
 
 
 

London | HQ
14 Buckingham Gate,
London, SW1E 6LB
Tel: +44 20 7931 8800
Fax: +44 20 7931 8866

Dublin
5th Floor
O'Connell Bridge House (OCBH)
D'Olier Street
Dublin 2
Ireland
Tel: +353 1 645 2324

Cambridge | HQ
DFJ Esprit LLP,
Building 1010,
Cambourne Business Park,
Cambourne,
Cambridge, CB23 6DP
Tel: +44 1223 307 770
Fax: +44 1223 307 771

 
 
BACK TO TOP