Highland Europe closes its fourth fund at £638m to back European tech companies.
The oversubscribed vehicle brings the firm total assets under management to €1.8bn.
Highland Europe is a growth-stage investment firm focused on software and internet companies across the continent. The firm backs founder-led teams with capital and scaling expertise.
Highland Europe has closed its fourth fund at €700m, equivalent to £638m, to back growth-stage software and internet businesses in Europe. The oversubscribed vehicle was raised in record time and brings the firm total assets under management to €1.8bn. The new capital will be deployed to support founder-led technology companies across the continent as they scale globally.
Alongside the fund close, the firm promoted Jean Tardy-Joubert, Gajan Rajanathan and Ronan Shally to Partner. Highland Europe has maintained an active pace of deployment, investing nearly €200m across seven new companies during the pandemic alongside continued support for its existing portfolio.
From the founder
"During 2020 we have seen 10-year trends in tech adoption compressed into one year across both consumer and business segments. Software has gone mainstream and it is mission-critical. The opportunity at the growth stage in Europe has never been more evident or more urgent. Highland Europe’s role is to bring capital, our deep network and scaling expertise to companies that can make it all the way to IPO. We have the track record, the team and a highly selective and focused strategy to help Europe’s most promising tech businesses become global leaders."
Fergal Mullen
co-founder and partner at Highland Europe
About the company
Highland Europe
Highland Europe invests in growth-stage software and internet companies.