Highland Capital Partners

Last updated
Highland Capital Partners
Type LLC
Industry Private Equity
Founded1988;35 years ago (1988)
FounderWilliam Boyce, Paul Maeder, Bob Higgins
Headquarters Cambridge, Massachusetts, United States
ProductsInvestments, Venture capital
Website www.hcp.com

Highland Capital Partners is a global venture capital firm with offices in Boston, Silicon Valley, and San Francisco. Highland has raised over $4 billion in committed capital and invested in more than 280 companies, with 47 IPOs and 134 acquisitions. [1]

Contents

History

Investments and investment funds

Highland is typically the first institutional investor in the companies they back. [2]

From inception in 1988 to today,[ when? ] the firm has raised eleven venture capital funds with aggregate investor commitments of approximately $4 billion[ citation needed ]:

Notable investments

The company has invested some $4 billion in more than 280 companies since its founding, including 2U, [3] Auris Health, [4] Bromium, [5] Clearbanc,[ citation needed ] Everlywell, [6] Gigamon, [7] Imprivata [8] LevelUp, [9] Lululemon Athletica, [10] Malwarebytes, [11] Qihoo 360, [12] Quattro Wireless, [13] Rent the Runway, [14] Scopely, [15] ThredUp, [16] Turbonomic [17] and VistaPrint. [18]

Current and former employees

Notable members of the team include Bob Davis, the founder of Lycos; [19] Gaurav Tewari, the founder of Omega Venture Partners, and formerly of Highland Capital Partners; [20] "Wyc Grousbeck formerly of Highland Capital Partners". Forbes. Retrieved 2020-10-31. In February 2005, Thomas G. Stemberg, the founder and former CEO of Staples, joined Highland. [21]

Other

Highland Capital Partners is not affiliated with Highland Capital Management, the distressed investment firm, hedge fund sponsor, and mutual fund manager based in Dallas, Texas.

In November 2020, several of the senior GPs partnered with Ian Friedman, former co-head of Goldman Sachs Investment Partners (Venture Capital and Growth Equity Team) and formed Highland Transcend Partners I, a SPAC that targets disruptive commerce, digital media, and enterprise software. The founding team consists of Friedman (CEO), Bob Davis (executive chairman), Dan Nova (chief investment officer) and Paul Maeder (CFO). [22]

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References

  1. "About". Highland Capital Partners. 2018-09-27. Retrieved 2020-11-27.
  2. About Highland Capital Partners, Inc.
  3. "Online university degree provider 2U acquires Trilogy for $750M to expand into tech bootcamps and training". TechCrunch. 8 April 2019. Retrieved 2020-10-31.
  4. "Auris acquisition could prompt more mega VC rounds". Evaluate.com. 2019-02-18. Retrieved 2020-10-31.
  5. Schubarth, Cromwell (September 20, 2019). "HP buys Cupertino startup behind its Sure Click security". BizJournals.{{cite web}}: CS1 maint: url-status (link)
  6. Warren, Rachel (2020-06-03). "Health and Wellness Startup Everlywell Selling At-Home Coronavirus Test Kits for $109". The Motley Fool. Retrieved 2020-10-31.
  7. vArmour (2020-02-20). "vArmour and Gigamon Partner to Provide Enterprise Networks With Elevated Application Visibility and Control". GlobeNewswire News Room (Press release). Retrieved 2020-10-31.
  8. "Imprivata moves toward being the next Boston tech IPO".
  9. "LevelUp Grabs $12M From Highland, Google Ventures To Take Its Mobile Payment Solution National". TechCrunch. 7 June 2012. Retrieved 2020-10-31.
  10. MacFadyen, Ken (2012-12-30). "Advent, Highland take stake in yoga outfitter". Private Equity International. Retrieved 2020-10-31.
  11. "Security startup Malwarebytes acquires AdwCleaner to nip adware in the bud". TechCrunch. 19 October 2016. Retrieved 2020-10-31.
  12. Chapman, Lizette (2014-07-10). "Qihoo 360 Joins Asian Companies Launching VC Groups in Silicon Valley". Wall Street Journal. ISSN   0099-9660 . Retrieved 2020-10-31.
  13. "Quattro Wireless Raises $12.3 Million in Series B Funding". www.businesswire.com. 2007-09-05. Retrieved 2020-10-31.
  14. Runway, Rent the. "Rent the Runway Receives $20 Million Investment Led by Advance/Conde Nast". www.prnewswire.com (Press release). Retrieved 2020-10-31.
  15. Spangler, Todd (2014-11-13). "Mobile-Games Startup Scopely Raises $35 Million Led by Evolution Media, Highland Capital". Variety. Retrieved 2020-10-31.
  16. Sormani, Angela (2012-10-03). "thredUP.com Secures Series C Led by Highland". Venture Capital Journal. Retrieved 2020-10-31.
  17. Dorbian, Iris (2019-11-04). "VC-backed Turbonomic buys SevOne". PE Hub. Retrieved 2020-10-31.
  18. Yahoo! Highland Capital Partners, Inc. company profile
  19. Schawbel, Dan. "Bob Davis's Advice to Young Entrepreneurs". Forbes. Retrieved 2020-10-31.
  20. "Gaurav Tewari | Omega Venture Partners". 2020-09-17. Retrieved 2021-12-19.
  21. Founder and Former CEO of Staples Joins Highland Capital Partners
  22. "Highland Capital Partners' SPAC Highland Transcend Partners I files for a $250 million IPO".{{cite web}}: CS1 maint: url-status (link)