Advised WeTransfer, a provider of file sharing services for the creative community, on its Series B round led by HPE Growth with participation from existing investor Highland Europe
Arma Partners is pleased to announce that it has acted as exclusive financial advisor to WeTransfer on its $40 million Series B capital raise led by HPE Growth with participation from existing investor Highland Europe.
Founded in 2009, WeTransfer is an Amsterdam-based provider of well-designed file sharing services for the creative community. WeTransfer’s tools help creative people without breaking their flow. In addition to launching mobile app Collect (4M monthly users), last year WeTransfer acquired immersive sketching tool Paper® (25M downloads) and collaborative presentation tool Paste® (40,000 active teams) and expanded its US presence from LA to New York City. The original file transfer product has driven WeTransfer’s growth to over 50M users, who send more than a billion files each month.
The transaction underlines Arma Partners’ focus on providing private capital funding solutions to both entrepreneurial and corporate clients through its growing Private & Growth Capital practice, utilising its strong connectivity across the full breadth of relevant investor categories globally. The transaction also highlights the firm’s deep sector expertise in digital media and excellent footprint in the Benelux countries.