[wvic] Draper Esprit
- From: Nicholas Gallop <nsgallop@xxxxxxxxx>
- To: wvic@xxxxxxxxxxxxx
- Date: Sun, 7 Nov 2021 07:46:53 +0000
Having sold 25% of our holding (when the stop loss kicked in) two months ago, Draper Esprit’s price fell a bit further.
It’s price at our October meeting, was a recent low point, and since then has recovered 7%: Ignoring world events, you could construct a view that nvestors buy the company enthusiastically,the price gets ahead of itself, there's a modest adjustment, and then enthusiasm causes the price to rise again. I show this narrative in the illustration below, and it will no doubt continue to be true until it is no longer true.
There were genuine portfolio events to encourage enthusiasm for the company and the recovery in it’s share price. These events seem (to me) to continue their investment in technology businesses you’d like to own: businesses that are in tune with the real world challenges and opportunities of the moment, for example, re-engineering logistics in the construction industry; the move to flexitarian eating; studies of building efficiency, etc.
Highlights over the last month taken from Dreper Esprit news are:
Draper Esprit is delighted to lead the $50 million Series A round investment in construction tech startup, Schüttflix, the first logistics hub for the construction bulk-materials industry that works digitally and supplies sand, gravel and grit on the spot. The Schüttflix app connects suppliers and carriers directly with customers from the road construction, civil engineering, gardening and landscaping sectors. For the first time, Schüttflix is transforming the regionally fragmented and non-transparent market for all customary construction bulk materials into an efficient, Germany-wide market.
The company plans to use the new capital to drive its planned expansion into the Austrian, Polish and Czech markets in 2022. Schüttflix also plans to use the funding to continue developing digital products and services for all aspects of construction-site supply and waste disposal in the coming months, and is relying on strong strategic partnerships, such as with STRABAG to achieve this.
...
Draper Esprit, today announces that it has led a £38m Series B funding round in allplants, the D2C plant-based food business. allplants was founded in 2016 by Jonathan Petrides and his brother Alex, allplants serves the rapidly growing ‘plant-curious’, or flexitarian, consumer market already worth an annual £100 billion in developed markets and £10 billion in the UK alone. Its plant-based meals are hand-made 24 hours a day by 140 chefs in the company’s own kitchen – Europe’s biggest plant-based kitchen running on 100% renewable energy – and delivered across Great Britain. The model combines convenience and a way for environmentally aware customers to reduce their impact on the world through small adjustments to their eating habits. Revenues have more than doubled every year since its inception.
allplants will use this investment round to increase the size of its plant-based kitchen in Walthamstow, North London, sixfold and expand its selection of meals, enabling it to service a rapidly expanding direct-to-consumer UK market. It will also build scalable capacity for rapid distribution into other channels and significantly expand its team to bring in talent across the entire stack of the business.
...
The injection of capital will be used by the company to ramp up plans to launch seven thermal and infrared imaging satellites into space that will be able to provide real-time data on how green every building on the planet is.
…
Draper Esprit is pleased to announce that it has co-led a €25M Series C extension round in SimScale, the SaaS platform making high-fidelity simulation technically and economically accessible to engineers worldwide, alongside Insight Partners.
Founded in 2012, SimScale’s web-based solution aims to remove the pain points of traditional, expensive computer aided engineering (CAE) software so engineering teams can focus on designing the best products. A cloud-native engineering simulation platform, the SimScale software enables engineering teams to get designs right faster by making highly accurate, end-to-end engineering simulations technically and economically accessible for any organisation, anywhere in the world.
SimScale will use the funding to expand into new industries such as rotating machinery, electronics and automotive by adding additional simulation capabilities, and to broaden its enterprise offering to larger customers to further its vision of removing barriers to entry for engineering simulations across teams, applications and industries.
...
In summary: Hold
Nick Gallop+44 (0)7867 808 872
nick.gallop on Skype
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