London-based Highland Europe, a growth-stage technology fund that invests in European internet and software companies, announced on Monday that it has closed its fifth fund at €1B.
The VC aims to double down on its strategy to back exceptional, European-rooted, growth-stage software and consumer internet companies.
Fergal Mullen, Partner at Highland Europe, says, “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 to scale impressively and efficiently, with several world leaders in the mix.”
The VC also announced that David Blyghton, who joined the VC firm in 2014, has been promoted to Partner.
Highland Europe: Everything you need to know
Highland Europe is a venture capital firm that backs early-stage software and internet companies. The firm has raised more than €2.75B since its official launch in 2012 and has made investments in businesses like Adjust, AMCS, Camunda, ContentSquare, Featurespace, GetYourGuide, Huel, Jellysmack, Malwarebytes, MatchesFashion, NewVoiceMedia, Nexthink, Spot, Supermetrics, WeTransfer, Wolt, and Zwift.
The firm has been operating in Europe since 2003 as Highland Capital Partners. In all, Highland has invested in 52 IPOs and 19 companies worth over $1B throughout the US, Europe, and China.
Highland Europe says its team comprises seasoned investors with operations and corporate finance expertise. It claims to have the right people to address critical business challenges, either via its network, which includes other founders and board members in the global Highland family (including in the US and China), or through seasoned operators with distinct expertise.