File-Sharing Company WeTransfer Raises 35 Million EUR in Series B Round

WeTransfer raised a 35 million EUR investment in a series B round led by the European growth equity firm HPE Growth. After six years of profitability, the file-sharing company decided to take advantage of a second funding round. Existing investor Highland Europe showed significant participation in the funding round. 

WeTransfer, the Dutch Cousin to Dropbox

Back in 2009, the company WeTransfer was founded in Amsterdam. Back then it was a simple file-sharing platform which has developed and acquired many new tools. For example: the editorial platform WePresent, the mobile app “collect by WeTransfer”, slide-making tool Paste, sketching tool paper and the original web platform. The tools have millions of downloads. WeTransfer has 50 million monthly users. Over a billion files are sent monthly. Over 1000 TB of data are transferred daily. The platform is active in 195 countries. 

The company strives to support creativity and prioritise “offline” values, such as trust, transparency and ethics. The startup’s tools allow creative users to share files without breaking their flow. 

Seeking Great Talent

With the raised money, they will emphasise recruiting the best talent to develop their tools faster.

“The opportunity to partner with HPE was too good to miss,” said Gordon Willoughby, CEO of WeTransfer. “Our ambition is to be behind every great idea, and since acquiring Paper and Paste we’ve seen rapid adoption of our tools globally. HPE recognize the value we provide and want to help us continue to scale quickly. We have an exciting product road map for the autumn, so having HPE join us, together with Highland Europe, gives us the stability and skills we need.”

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