File-Transfer Service WeTransfer Raises $25 Million
Bastiaan Beerens, Founder of WeTransfer
WeTransfer, a leading file-transfer service, said Tuesday it has completed a major Series A round of funding from top-tier investor, Highland Capital Partners Europe.
The funding round will support the rapid growth of WeTransfer across the US, Europe and beyond.
Highland Capital Partners Europe (HCPE), which has previously invested in Matchesfashion.com and Brandwatch in the UK and Rent the Runway and Malwarebytes in the US, has invested $25 million, taking up a minority share in the WeTransfer business.
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The successful completion of fundraising is a new milestone for WeTransfer, providing the company with an injection of both capital and expertise.
With its track record of high profile investments, HCPE will play an active role in advising WeTransfer’s board and will help them accelerate growth globally.
Launched in 2009, WeTransfer was borne out of a simple need to provide a solution for people to send large files easily.
WeTransfer is completely free when sending files of up to 2GB in size, or users can sign up to WeTransfer Plus to make 10GB transfers to multiple recipients alongside receiving 50GB of storage space and the ability to personalize and secure a channel.
