Highland Europe has wrapped up its sixth fund, raising $1.25 billion.
The new fund comes after three big exits: Nexthink was sold to Vista Equity Partners for $3 billion, Huel was acquired by Danone for €1 billion, and Bending Spoons went public on Nasdaq with an $18 billion valuation.
Based in London and Geneva, the firm has raised $4.3 billion since 2012, invested in more than 80 companies, and seen 30 exits.
Unlike many venture firms that focus on unrealised gains, Highland Europe turned three of its biggest investments into more than $1.1 billion in cash within a year. The firm used this money to help close its new fund.
The growth-stage investor, based in London and Geneva, has closed its sixth fund at $1.25 billion. This comes after several major exits: Nexthink’s $3 billion sale to Vista Equity Partners, Danone’s roughly $1.1 billion purchase of Huel, EGYM’s $7.5 billion merger with Playlist, and Bending Spoons‘ Nasdaq debut at over $18 billion, a 67% jump from eight months before.
