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LONDON (Alliance News) - Venture capital investor Draper Esprit PLC on Tuesday said it participated in a USD55 million Series E funding round launched by its portfolio company Trustpilot.
Trustpilot is an independent platform for companies that helps build trust with consumers. It now has more than 58 million reviews from over 265,000 company domains.
It was not disclosed how much Draper Esprit invested in the funding round. The company first invested in Trustpilot in 2013 with follow-on investments in 2015 and 2017.
The series E fundraise was led by Sunley House Capital Management with strong participation from other existing investors, Draper Esprit added. It will help Trustpilot accelerate its market leading position through investment in marketing, its technology platform and people.
Draper Esprit shares were trading up 3.7% at 559.90 pence each.
