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Laxman Pai, Opalesque Asia: Venture capital firm Highland Europe has closed a new €1bn ($1.09bn) fund to back start-ups, growing its capital pool for investments in digital startups.
The London headquartered fund that focuses on investments in high-growth European internet, mobile, and software companies said in a release that the fifth fund is set to double down on its strategy of backing the Continent's most outstanding founder-led teams in software and internet businesses.
The vehicle is the firm's fifth flagship fund and is more than 40% bigger than its predecessor, which closed on €700 million in 2020.
"Highland Europe's fund size indicates confidence from the group's limited partners in its performance, despite a deceleration across the venture capital and tech industry," the release said.
According to the release, Highland Europe has raised a total of €2.75 billion and has invested in companies such as Adjust, AMCS, Camunda, ContentSquare, Descartes, Deepki, eGym, Featurespace, GetYourGuide, Huel, Jellysmack, Malwarebytes, MatchesFashion, Me+Em, Nexthink, Podimo, Spot, Supermetrics, WeTransfer, Wolt and Zwift.
Fergal Mullen, the Partner, said: "We want to thank all of those European founders who chose to partner with us over the past ten years. It is their ambition, talent, and drive that inspire us as we build category-defining businesses together. Current market conditions are not easy, but our founder-led companies continue t...................... To view our full article Click here
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