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DFJ Esprit exit streak continues with EVE sale

11 Oct 2012

European venture firm DFJ Esprit has sold its fifteenth investment in three years by selling French computer testing software provider EVE.

The firm, which is the European partner of Silicon Valley’s Draper Fisher Jurvetson, has now sold portfolio companies with a total enterprise value of $2.1bn since January 2010, including LoveFilm, Kiala and Zeus.

DFJ Esprit’s activity represents almost one third of all European venture-backed M&A over $40m during the period, it said.

The firm has also been busy on the buyside, with 10 investments in new companies and a further 20 follow-on rounds since July last year.

One of its most recent deals was a $2.3m Series A financing round forsports sales business SportPursuit.co.uk.

DFJ Esprit CEO Simon Cook said, “The continued strong success of our business on all fronts – exits, new investments, secondary portfolio acquisitions and fund raising innovations – is testament to the amazing team of entrepreneurs both within DFJ Esprit’s team and at our portfolio companies.”

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