Leading file-transfer service WeTransfer has raised $25m from a major Series A funding round as it looks to accelerate growth.
The successful completion of the fundraising, which is solely from Highland Capital Partners, is a new milestone for WeTransfer and will provide the company with an injection of both capital and expertise.
With its track record of high profile investments HCPE will play an active role in advising WeTransfer’s board and will help them to accelerate growth globally.
Bas Beerens, founder and CEO of WeTransfer, said investor interest in the firm had made it reassess its growth plans.
He said:
“Funding isn’t something we proactively looked for, but having been approached by a significant number of investors from across the globe in the past two years, we realised there were bigger opportunities to grow as a service and a brand.
“When HCPE approached us, we had an instant connection. In addition to supporting us with funding, HCPE will offer advice and expertise to help us achieve our goal to build on WeTransfer’s brand and offering.”
Tony Zappalà, partner of Highland Capital Partners Europe, added:
“We are delighted to have invested in WeTransfer. The team has bootstrapped an amazing company, built around a product that creative professionals and consumers worldwide love to use.
“We look forward to working with them to continue making WeTransfer a fun, productive and intuitive experience, which wows its users every time.” Tony Zappalà and Irena Goldenberg, Partners at HCPE, will be joining WeTransfer’s board.