Highland Capital Partners
 | |
| Company type | LLC |
|---|---|
| Industry | Private Equity |
| Founded | 1988 |
| Founder | William J. Boyce, Paul Maeder, Bob Higgins |
| Headquarters | Cambridge, Massachusetts, United States |
| Products | Investments, Venture capital |
| Website | www.hcp.com |
Highland Capital Partners is a global venture capital firm with offices in Silicon Valley, Boston, New York, and San Francisco. Highland has raised over $3 billion in committed capital and invested in more than 225 companies.[citation needed]
History
| History of private equity and venture capital |
|---|
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| Early history |
| (origins of modern private equity) |
| The 1980s |
| (leveraged buyout boom) |
| The 1990s |
| (leveraged buyout and the venture capital bubble) |
| The 2000s |
| (dot-com bubble to the credit crunch) |
| The 2010s |
| (expansion) |
| The 2020s |
| (COVID-19 recession) |
Investments and investment funds
Highland is typically the first institutional investor in the companies they back.[1]
From inception in 1988 to today, the firm has raised ten venture capital funds with aggregate investor commitments of approximately $3.5 billion:
- 1988 — Highland Capital Partners ($78 million)
- 1992 — Highland Capital Partners II ($86 million)
- 1996 — Highland Capital Partners III ($126 million)
- 1998 — Highland Capital Partners IV ($250 million)
- 2000 — Highland Capital Partners V ($505 million)
- 2001 — Highland Capital Partners VI ($808 million)
- 2006 — Highland Capital Partners VII ($808 million)
- 2009 — Highland Capital Partners VIII ($408 million)
- 2013 — Highland Capital Partners IX ($410 million)
- 2018 - Highland Capital Partners X
Notable investments
The company has invested some $3 billion in more than 225 companies since its founding, including 2U,[2] Auris Health,[3] Bromium,[4] Clearbanc,[5] Everlywell,[6] Gigamon,[7] LevelUp,[8] Lululemon Athletica,[9] Malwarebytes,[10] Qihoo 360,[11] Quattro Wireless,[12] Rent the Runway,[13] Scopely,[14] ThredUp,[15] Turbonomic[16] and VistaPrint.[17]
Current and former employees
In February 2005, Thomas G. Stemberg, the founder and former CEO of Staples, joined Highland.[18] Other notable members of the team include Bob Davis, the founder of Lycos;[19] Peter Bell, the co-founder and CEO of information storage software company StorageNetworks;[20] Andy Miller, the co-founder of Quattro Wireless (acquired by Apple Computer in 2009) and Vice President Mobile Advertising responsible for the iAd team;[21] and Wycliffe Grousbeck, who reduced his role in Highland to become managing partner and co-owner of the Boston Celtics.[22] A recent addition to the Highland team is James Cash, Jr., who has served on eighteen public company boards - currently Walmart, General Electric and Chubb Corporation. In 2017, Highland Capital Partners won the 2017 NEVY Award for Fund of the year.
Other
Highland Capital Partners is not affiliated with Highland Capital Management, the multibillion-dollar distressed investment firm, hedge fund sponsor, and mutual fund manager based in Dallas, Texas.
References
- ^ About Highland Capital Partners, Inc.
- ^ "Online university degree provider 2U acquires Trilogy for $750M to expand into tech bootcamps and training". TechCrunch. Retrieved 2020-10-31.
- ^ "Auris acquisition could prompt more mega VC rounds". Evaluate.com. 2019-02-18. Retrieved 2020-10-31.
- ^ Schubarth, Cromwell (September 20, 2019). "HP buys Cupertino startup behind its Sure Click security". BizJournals.
{{cite web}}: CS1 maint: url-status (link) - ^ Hall, Christine (2020-10-22). "Clearbanc Intends To Provide Another $1B, This Time In D2C Inventory". Crunchbase News. Retrieved 2020-10-31.
- ^ 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.
- ^ vArmour (2020-02-20). "vArmour and Gigamon Partner to Provide Enterprise Networks With Elevated Application Visibility and Control". GlobeNewswire News Room. Retrieved 2020-10-31.
- ^ "LevelUp Grabs $12M From Highland, Google Ventures To Take Its Mobile Payment Solution National". TechCrunch. Retrieved 2020-10-31.
- ^ MacFadyen, Ken (2012-12-30). "Advent, Highland take stake in yoga outfitter". Private Equity International. Retrieved 2020-10-31.
- ^ "Security startup Malwarebytes acquires AdwCleaner to nip adware in the bud". TechCrunch. Retrieved 2020-10-31.
- ^ 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.
- ^ "Quattro Wireless Raises $12.3 Million in Series B Funding". www.businesswire.com. 2007-09-05. Retrieved 2020-10-31.
- ^ Runway, Rent the. "Rent the Runway Receives $20 Million Investment Led by Advance/Conde Nast". www.prnewswire.com. Retrieved 2020-10-31.
- ^ Spangler, Todd; Spangler, Todd (2014-11-13). "Mobile-Games Startup Scopely Raises $35 Million Led by Evolution Media, Highland Capital". Variety. Retrieved 2020-10-31.
- ^ Sormani, Angela (2012-10-03). "thredUP.com Secures Series C Led by Highland". Venture Capital Journal. Retrieved 2020-10-31.
- ^ Dorbian, Iris (2019-11-04). "VC-backed Turbonomic buys SevOne". PE Hub. Retrieved 2020-10-31.
- ^ Yahoo! Highland Capital Partners, Inc. Company Profile
- ^ Founder and Former CEO of Staples Joins Highland Capital Partners
- ^ Schawbel, Dan. "Bob Davis's Advice to Young Entrepreneurs". Forbes. Retrieved 2020-10-31.
- ^ "Exclusive: Another Shakeup at Highland Capital Partners". Fortune. Retrieved 2020-10-31.
- ^ Austin, Scott (2011-08-17). "Highland Capital Plucks Andy Miller From Apple". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-10-31.
- ^ "Wyc Grousbeck formerly of Highland Capital Partners". Forbes. Retrieved 2020-10-31.
- The Rebirth of Venture Capitalism. New York Times, September 24, 2006
- COMPANY NEWS; STAPLES NAMES ITS CHIEF AS CHAIRMAN. New York Times, March 12, 2005