Silicon Canals
No Result
View All Result
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • AI and chatbots
    • FinTech
    • Business Wire
    • Travel & Mobility
    • Coin Canals
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Amsterdam
    • Community partners
    • Remote: Tech Talent Report
    • Guest Contributions
  • Find a job
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Sign up for our newsletter!
    • Contribute your content
    • Team
    • About us
  • Partner with us
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • AI and chatbots
    • FinTech
    • Business Wire
    • Travel & Mobility
    • Coin Canals
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Amsterdam
    • Community partners
    • Remote: Tech Talent Report
    • Guest Contributions
  • Find a job
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Sign up for our newsletter!
    • Contribute your content
    • Team
    • About us
  • Partner with us
No Result
View All Result
Silicon Canals
No Result
View All Result
This article is produced in collaboration with our partner StartupAmsterdam

Amsterdam’s WeTransfer announces its intention to launch an IPO and list on Euronext Amsterdam

Vishal Singh by Vishal Singh
January 12, 2022
in Amsterdam, News, Partner content
WeTransfer

Image credit: WeTransfer

LinkedInTwitterWhatsAppFacebook
Read this article in:

Amsterdam-based WeTransfer, an online file-sharing platform, announced on Wednesday that it has intentions to launch an initial public offering of shares and listing on Amsterdam‘s Euronext stock exchange.

WeRock NV, the owner of WeTransfer, has reported that its offer, for which a date has not yet been confirmed, is expected to include both a primary and secondary offering of shares.

About WeTransfer

Founded in 2009 by Bas Beerens, Nal den, Rinke Visser, and Ronald Hans, WeTransfer offers a way to send files around the world through its platform. Its products are used by over 87 million monthly active users across 190 countries and have around 387,000 paying subscribers.

In addition to the file-sharing services, WeTransfer also offers Paste, a feature to design and present decks online. Besides, the company also has the Collect app, which enables users to take screenshots, scribble, and save anything they need. It is said to be the go-to app for saving and sharing all the stuff one may need. 

Finally, the company offers Paper, a software solution to enable sketch, type, paint, and draw options.

Let’s talk numbers

According to the company, it recorded an adjusted EBITDA of €21.3M on revenue of €72M for the first nine months of FY 2021. 

The company reports a track record of profitable growth and high cash conversion, with revenues growing at a compound annual growth rate of 31 per cent from 2018 to 2020. This revenue growth continued into 2021, with constant currency revenue growth of 68 per cent year-on-year for the nine months ending 30 September 2021.

Besides, WeTransfer has also been able to increase its profitability during the period to deliver an adjusted EBITDA margin of 30 per cent for the nine months ending 30 September 2021 with cash conversion of 95 per cent, supported by its low-cost freemium business model.

Currently, the company expects total revenue from contracts with customers of between €32.4M and €33.5M for the three months ending 31 December 2021 with year-on-year growth in subscription revenue of between 25-27 per cent. 

In the case of advertising revenue, the year-on-year growth is between 79-87 per cent compared to the same period last year. This results in total revenues from contracts with customers of between €104.3M and €105.4M for the financial year ending December 2021, an increase of 60-62 per cent compared to €65M for the financial year ended 31 December 2020.

What does WeTransfer expect from the offer?

According to a statement from the company, the offer will consist of a private placement of newly issued shares, in an amount of approx €160M, as well as existing shares held by some of the company’s investors including Highland Europe Technology Growth Limited Partnership and HPE Institutional Fund II HoldCo BV, among others.

With the proceeds from this offer, the company looks to further invest in marketing and to finance acquisitions of, or investments in, businesses, creative and engineering teams, technologies, services, products, software, intellectual property rights, and other assets in the future.

The company is also looking to expand its operations in Latin America and the Asia Pacific.

Gordon Willoughby, CEO of WeTransfer, says, “We’ve delivered a revenue CAGR of 31 per cent  from 2018 to 2020, and expect revenue for 2021 to exceed €100M. Meanwhile, global megatrends – from fast digitalisation and an explosion in content creation to the accelerated growth in freelancers and people working from home – are shaping the creative industry. We are well-positioned to benefit from this large and growing market opportunity, and to leverage these trends as we continue our growth trajectory.”

Becoming a B-Corp

In June 2020, WeTransfer obtained its B Corporation certificate, with which the company joined the ranks of ‘most’ ethically and sustainably responsible companies. CEO Willoughby says that it took a lot of hard work to obtain the status and that the 10th anniversary of the company was a perfect occasion to aim for certification.

As per the B Corporation’s website, companies that are certified “meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose.” Willoughby says, “For us, the certification embeds the purpose in the company. It’s a good rallying point.”

Tags: amsterdamfeaturedfundingnews
ShareTweetSendShare

Partner content | Partner with us

Bunq’s Ali Niknam receives ‘Businessman of the Year’ award: Know more

Belgium’s Fortino Capital closes second PE fund at €377M; backs Amsterdam-based SpeakUp

Amsterdam-based Return unveils second €100M investment to drive energy transition in Europe

Amsterdam’s Rockstart launches its second AgriFood fund; plans to invest in 50 startups in five years

Amsterdam’s Farmless raises €4.8M to free protein production from animals and agricultural land

Silicon Canals | Find a job

Top news | from Amsterdam

Check out the Amsterdam startups that raised funding in November; 5 of them are hiring

Amsterdam-based startups that are fundraising right now

Dutch-Swiss startup Cradle raises €21.9M for pioneering Generative AI in protein design

Germany’s Sastrify expands market reach; acquires Amsterdam-based Pengu and raises fresh funds

Amsterdam’s LAYCO raises €300K to make healthcare more sustainable and accessible

  • About Silicon Canals
  • Partner with Silicon Canals
  • Impressum
  • Contact us
  • Sign up for our newsletter!
  • Find a job
  • Disclaimer
  • Privacy Policy
  • Cookie Policy (UK)
  • Cookie Policy (EU)
  • Terms & Conditions Silicon Canals

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

No Result
View All Result
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • AI and chatbots
    • FinTech
    • Business Wire
    • Travel & Mobility
    • Coin Canals
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Amsterdam
    • Community partners
    • Remote: Tech Talent Report
    • Guest Contributions
  • Find a job
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Sign up for our newsletter!
    • Contribute your content
    • Team
    • About us
  • Partner with us

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

X
X