Draper Esprit invests in Stockholm-based digital health company

Technology investor Draper Esprit has made its first investment since listing on AIM in June.

The company has invested £3.1m to acquire a stake in Stockholm-based digital health company Lifesum. It made the investment alongside Nokia Growth Partners and existing investors Bauer Media and VC Sparklabs Global Ventures.

Lifesum, which launched in 2013, has created a health app with over 15m users that is available on iOS, Android and Apple Watch.

Draper’s chief executive officer Simon Cook said: “As we outlined during our IPO, we are looking to invest in high quality management teams with innovative digital technology from across all of Europe. Scandanavia has produced many great digital success stories such as Spotify and the team at Lifesum has created a very powerful platform."

At 1458 BST, shares were up 0.8% to 305p.