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Software as a Service (SaaS) provider HighQ has closed a $50m growth equity funding round.

Private equity firm One Peak Partners, Morgan Stanley Merchant Banking and Goldman Sachs Private Capital participated in the round.

Ajay Patel, CEO and Co-Founder of HighQ, said : “This is a significant milestone in HighQ’s history and the beginning of an exciting new era for the company.

“The application of innovative technology to transform the way businesses operate combined with exceptional service is at the heart of our mission and what we do best. We are delighted to partner up with three world class investors, whose depth of experience in providing strategic and operational guidance will add immeasurable value to our growth efforts,” continued Patel.

The newly procured funds, the company said in a statement, will be used to help it grow internationally and  develop its product.

Founded in London in 2001, HighQ now employs 180 people across the world and has established operations in New York, Frankfurt, Amsterdam, Sydney and Ahmedabad.

Humbert de Liedekerke and David Klein, co-founders and managing partners of One Peak, said: “Our investment will help the company further consolidate its leadership position in the legal sector and accelerate its expansion into financial services and other verticals. We look forward to building on the considerable success already achieved by the management team, and to supporting HighQ in its next phase of growth.”

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