Member Info for W13Ken

I've not heard of Antler before but this helps Draper in the Nordic region, has an ESG angle and there's more drone delivery investments.

Antler closes debut Nordic fund on $36M
May 12, 2021
Singapore-based VC firm Antler has closed its first Nordic fund on $36 million. Investors include Draper Esprit and Kistefos, as well as state funds Vækstfonden and Investinor. The vehicle will be used for early-stage investments in Sweden, Norway and Denmark with a focus on green, sustainable companies. Antler has invested in over 60 Nordic startups to date, including drone developer Skyqraft and TradeBay, the provider of a B2B marketplace for fruit trading.

https://pitchbook.com/newsletter/antler-closes-debut-nordic-fund-on-36m

I tracked down what I believe is Draper's investment in Lyst...

In the FY results on 4th June 2019 it says:

"Draper Esprit has invested a total of £5.3 million in the company.

Lyst is a global fashion search platform used by over 72 million shoppers from 120 countries. It is one of the world's largest e-commerce websites, bringing together 5 million products from 12,000 of the world's leading fashion brands and retailers. Lyst keeps customers at the centre of its offering, providing a one stop solution to find fashion that's perfectly right for them.

In 2018, the French multinational luxury goods conglomerate LVMH, led a funding round of US$60.0 million in the company. This new funding will be used to drive global expansion. During the period, revenues grew by 23%, it opened offices in The Netherlands, Russia, and Japan, now operates in over 11 markets, and had a big brand refresh.

Investors include LVMH, Balderton Capital, Accel Partners, and Susa Ventures."

Sky have said that Draper investment Lyst (A search engine just for fashion. Lyst has the look, feel, and design of a leading ecommerce site - but with the power of a global search engine sitting in the backend. With 65 million users a year, and over 4 million products from the world's leading fashion brands and stores, Lyst has serious potential to become the best place to find luxury and contemporary fashion online) is planning to announce a pre-IPO funding round on Wednesday.

https://www.coastfm.co.uk/news/business/lyst-fashions-route-to-ipo-with-85m

Fabulous review from experienced player, Charlie Hall, at Polygon.

"It took seven years, but Elite Dangerous: Odyssey finally made me feel small. The game has never looked better... After nearly a decade of play, I’m now able to stand my avatar up, leave the confines of my starship, and kick up the dust on new worlds. The experience has been breathtaking..."

https://www.polygon.com/22419192/elite-dangerous-odyssey-alpha-preview-release-date

Interesting. This is a copy of the LA Times article I posted on Thursday. It seems this Star version is from thestar.com.my which is a Malaysian newspaper/site.

It's a very positive article for DMS and SEE so glad to see it's being shared internationally.

My initial thoughts were the same but looking at the video it seems that the drone does not come near the ground. It doesn't it couldn't be grabbed by its cable though.

It will probably work best in wide open spaces rather than urban settings, it's certainly tracked and it looks like there will be witnesses if one gets nicked :-)

The US are waking up to DMS... Positive story for DMS and SEE. Colin Barnden banging the sEE drum :-)

Also...

Full self-driving cars are taking longer to arrive than techno-optimists predicted a few years ago. In fact, in a financial filing Wednesday, Tesla acknowledged it may never be able to deliver a full self-driving car at all.

https://www.latimes.com/business/story/2021-04-29/driver-monitoring-tech-self-driving

Here's a Manna drone in action for an evening delivery in Galway.

https://youtu.be/0OAA4NwAxiQ

Autonomous delivery enables a single Manna employee managing multiple drones to operate almost 20 deliveries per hour, which the startup state is 10 times the number that can be done with traditional road-based delivery. The service is quieter, greener, faster, respects privacy and is safer than road-based alternatives.

The company is currently trialing its service in Galway, Ireland, representing the largest drone delivery trial of its kind globally. The drone hub supports over 100 takeaway deliveries a day directly to the homes of the nearly 10,000 residents of the town, and has been a huge success with more than 30% of the population already using the high-speed service.

Manna has also signed partnerships with major brands and retailers, including JustEat, Samsung, Ben & Jerry’s and Tesco plc – one of the largest grocery retailers in Europe – making 3-minute delivery time to catchment areas as large as 50 square kilometers a reality.

https://www.eu-startups.com/2021/04/irish-drone-delivery-startup-manna-raises-e20-6-million-to-scale-internationally-expand-rd/

News that Draper have invested in an Irish drone delivery company.

"Dublin and London-based venture capital firm Draper Esprit has led the Series A funding round with participation from DST Global and Team Europe, which was founded by Lukasz Gawoski, chief executive of German-headquartered takeaway service provider, Delivery Hero."

https://www.irishtimes.com/business/technology/drone-delivery-start-up-manna-raises-21m-ahead-of-major-expansion-1.4550218?mode=amp

Seems I only joined in Feb 2020. I must have been lurking before that...

Ooooh, I have been on LSE for a couple of years and never spotted that! :-)

Not sure that I prefer it though...

No tips for avoiding legacy nightmares Sage but our top tip GROW should be up nicely next week, even though it's surprisingly dipped a little from its rise.

We're now only 6% off an all-time high and 8% off the 900's and if we've done our homework correctly, and I absolutely believe that we have, then Monday's results and forward-look should be excellent.

Good luck to all GROW holders ;-)

Ha ha Sage, yes you have given the impression of a cautious person.

Share price jumping in the last few minutes but these investors have left it late. This is like doing you homework during Songs of Praise on Sunday night before double Maths on Monday morning :-)

Fyi I topped up on Tuesday and Wednesday this week...

Expecting a Steph top up message anytime now... :-)

Agreed. Surprised to see GROW still at 830 this morning but I think we're off the radar to most investors.

Still confident of 900p+ by the end of April.

Shetered 2 to be released this year. The original has good reviews on Steam and has been much improved. Follows my previous Team17 post that they are releasing more and more PEGI 16 games recently and in the future to complement the 'family gaming company' image.

"Perhaps it's just a sign of the times, but post-apocalyptic survival sims, and particularly nuclear bomb shelter sims, have had a sudden surge in popularity. Among them, Sheltered stands out as a strong early example having released in 2016. Sheltered offers a compelling story regarding four family members striving to survive a nuclear disaster. Now, developer Unicube is ready to show what comes next, announcing Sheltered 2 for release in 2021."

https://gamerant.com/survival-management-sim-sheltered/

Not sure but it's a massive vote of confidence that should help US FDA approval and will gain global interest.

Shares currently up 14% in anticipation of a spike when the US market opens. Trades as RNLX there.

I looked a bit deeper into the early investment in UiPath and it leads back to a very important partnership that I hadn't fully appreciated.

Back in July 2018, DE partnered with German VC Earlybird (EB) creating a portfolio of over 100 European tech businesses, including Revolut, Graze, UI Path, N26, Transferwise, Ledger, Graphcore and Peak Games. As well as acquiring access to EB's Central and Eastern European knowledge and expertise.

DE have also invested directly into EB. According to last year's Annual report, £131.4m into EB, valued at £187.3 million (suggests they own 70% of the company).

Looking at the EB website it seems that a few of Draper's most interesting investments, including Romanian UiPath, Romanian FinTechOS, German Hive and Turkish Peak Games have come through this partnership.