Draper Esprit invests $8.3 mln in Clavis Insight

Draper Esprit has acquired a “significant” minority stake in Clavis Insight for 8 million euros ($8.3 million). With offices in Dublin, London, Shanghai and Boston, Clavis Insight provides online and ecommerce store analytics.

PRESS RELEASE

Draper Esprit (AIM: GROW, ESM: GRW), a leading venture capital firm involved in the creation, funding and development of high-growth digital technology businesses, today announces that it has acquired a significant minority stake in Clavis Insight (‘Clavis’), the leading eCommerce insights company, for £8 million.

Clavis has offices in Dublin, London, Shanghai and Boston, USA and is a strategic partner to hundreds of the world’s largest manufacturers and brands in CPG/FMCG, Beverages, Consumer Health care, Nutrition, Electronics, Toy and Business to Business industries. Their clients include nine of the top ten such as: Unilever, Procter & Gamble, Kimberly Clark Corporation and Nestlé. Their solutions provide comprehensive insights across desktop, mobile web and mobile app platforms to the leading online retailers in over 30 countries.

Simon Cook, CEO Draper Esprit commented:

“One of the reasons we listed Draper Esprit was to make larger scale investments. The Clavis investment is a great example of this. It is a fast-growing company with global reach and founded in Ireland. We are really pleased to be working with the Clavis management team to help them navigate their next phase of growth and development.”