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
Aug 2019
growth investment by
$40 million
  • Sector: Media & Internet
  • Deal Type: Private and Growth Capital
  • Engagement type: Fundraise
  • Size: $40 million
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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

-Founded in 2009, WeTransfer is an Amsterdam-based provider of 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 sees investments by HPE growth capital and Highland Europe

-HPE growth capital was established in 2010 with a focus on expansion/growth capital investments in technology companies throughout North western Europe with committed capital in excess of €500 million

─HPE invests in high-growth software, internet-enabled, mobile and fintech businesses that have the option to further leverage their proven technology

-Highland Europe is active in Europe since 2003 and has collective history of investments across the US, Europe and China includes 46 IPOs and 19 billion-dollar-plus companies

─Investments include Adjust, ContentSquare, eGym, Featurespace, GetYourGuide, Huel, Malwarebytes, MatchesFashion, NewVoiceMedia, Nexthink, Smartly.io, Wolt and Zwift

-After six years of profitability, WeTransfer pursued a secondary funding round, in which some existing stakeholders’ shares were sold, to tap into the teams at HPE and Highland Europe and their experience building high-growth companies

-The new investor will support the company’s next growth phase through:

-Accelerating WeTransfer growth ambitions in the file sharing market

-Facilitating further penetration in the US market

-Working towards an IPO in the 2-3 years time horizon

-Arma acted as exclusive financial advisor to WeTransfer on its growth capital raise led by HPE growth capital and Highland Europe

-Arma supported WeTransfer on a variety of activities including the strategic positioning of the business, preparation of a detailed financial model and marketing materials, coordination of the diligence process and running a tailored process

-This transaction highlights Arma Partners’ deep sector expertise in digital media and excellent footprint in the Benelux countries, utilising its strong connectivity across the full breadth of relevant investor categories globally