Leading venture capital firm Draper Esprit has appointed MHP Communications as its retained financial PR adviser following a competitive pitch process.

Draper Esprit invest in high-growth digital technology businesses and recently raised an additional £176m in May to invest in British and European start ups in areas such as blockchain, artificial intelligence, digital health and fintech.

Managing directors James White and Reg Hoare will lead the MHP account team, with support from Vera Prokhorenko and Pete Lambie.

The win builds on the agency’s Private Equity portfolio, which currently includes Livingbridge, HarbourVest Global Private Equity and Bregal Freshstream.

Isabella Cookson, head of marketing and research at Draper Esprit, said, “We are very pleased to have selected MHP as our financial PR advisers and look forward to working with the team.”

White added, “Draper Esprit’s unique business model and strong track record of backing high-growth technology firms such as Graze, Trustpilot and Revolut means they are precisely the sort of disruptive business that we enjoy working with.”