Draper Esprit leads a $125m Series B round in Thought Machine.

Investment company Draper Esprit is leading a $125m Series B round in Thought Machine, the cloud native core banking technology firm. Other investors include, Eurazeo Growth, British Patient Capital, SEB, Lloyds Banking Group, IQ Capital, Backed and Playfair Capital. "We are delighted to be partnering with Thought Machine in this phase of their growth. Our investments in Revolut and N26 demonstrate how banking is undergoing a once in a generation transformation in the technology it uses and the benefit it confers to the customers of the bank. We continue to invest in our thesis of the technology layer that forms the backbone of banking," Vinoth Jayakumar, Draper Esprit Investment Director.