DFJ partners with Esprit in Europe, to form DFJ Esprit

August 7, 2007 | Matt Marshall

Draper Fisher Jurvetson, the Menlo Park, Calif. venture capital firm, has acquired a strategic stake in Esprit Capital Partners of Europe.

Esprit, which has offices in London and Cambridge, U.K., has rebranded as DFJ Esprit and is now DFJ’s exclusive partner in Europe, the firms said in a statement currently on Esprit’s home page.

DFJ Esprit is the latest addition to the DFJ Network of venture capital partnerships, which now includes 120 investment professionals in 30 cities around the world, DFJ said.

Esprit, which has about $560 million under management, itself formed last year with the merger of U.K. firms Cazenove Private Equity and Prelude Ventures. It invests in technology and health care.

Next Story: Nonprofit software provider eTapestry bought for $26.3 million
Previous Story: AutekBio raises $1.1M for contract cell lines

Twitter

Facebook

Google Buzz

Digg

StumbleUpon

Delicious

Google

More...

About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.