Highland Europe, a growth-stage technology investor, closed a €332m tech growth fund.
Led by partners Fergal Mullen, Laurence Garrett, Irena Goldenberg, Sam Brooks and Tony Zappala, Highland Europe Technology Growth II has a growth-stage investment strategy targeting internet, mobile and software companies, which have achieved substantial revenue scale in a relatively short period of time, and on a capital-efficient basis.
The fund backs sector-leading companies addressing large market opportunities either on a pan-Europe basis or globally.
This follows Highland Europe’s 2012 €250m Highland Europe Technology Growth I fund, which invested in 15 technology companies including WeTransfer, AMCS, GetYourGuide, Outfittery, SocialPoint, Finanzcheck, TalentSoft, eGym, Intersec, NewVoiceMedia, Brandwatch, Matches Fashion, Jampp, LoveCrafts, and Malwarebytes.
Launched in 2012, Highland Europe operates from offices in London and Geneva. Investments generally range in size from €10M to €30M.