WeTransfer investor Highland Europe raises €332m fund

The London and Geneva-based Highland Europe has unveiled a new €332m scaleup fund, with rounds expected to range from €10m to €30m per deal.

The company used its first growth fund raised in 2014 to back Amsterdam’s WeTransfer, as well as NewVoiceMedia, the Hampshire-based cloud firm which opened a London office in 2013, along with cyber security company Malwarebytes.

The fund also invested in the tech industry’s favourite analogue branding tool: the Moleskine.

Highland Europe, which was founded in 2012, is a spin-off of the global VC firm Highland Capital Partners, offering the European scaelups that get funding access to both the US and APAC.

The new company was founded to address the growing demand for later-stage capital across European tech hubs.

“In Europe, the early-stage investment market is relatively well-funded – but there is a relative under-capitalization of the venture and growth-stage market,” said Laurence Garrett, partner at Highland Capital.

“In the past, deals requiring investment of €10m – €30m were over-syndicated by European investors prompting many entrepreneurs to seek capital in the US. Highland Europe is simply meeting a market need within the venture capital and growth-capital ecosystem.”