Highland Europe seeks €600m for new tech fund

Growth investor Highland Europe is seeking around €600m for its Highland Europe Technology Growth Fund IV, a regulatory filing indicates. The vehicle is set to be larger than its predecessor, closed in 2018 at €463m.

Highland Europe, which launched in 2012, collaborates closely with US venture firm Highland Capital Partners, targeting investments across internet, mobile and technology companies, namely ones in Europe that have global ambitions, according to the firm’s website. It typically invests €10m to €50m in companies with more than €10m in annual revenue.

The venture capital firm currently is file-transfer company WeTransfer’s largest shareholder. It is also invested in other 37 businesses, such as Zwift, an online fitness platform, which recently received $450m in investments in a Series C funding round led by KKR. 

The firm has offices in London and Geneva and employs 21 people, according to its website.

Source: Private Equity News 

 

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