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{{About|the venture capital firm|the alternative investment management firm|Highland Capital Management}}
{{Infobox_Company |
{{short description|Global venture capital firm}}
company_logo = [[Image:‎Highland-capital-partners-logo.JPG‎|180px|Highland Capital Partners]] |
{{Infobox company
company_name = Highland Capital Partners |
| name = Highland Capital Partners
company_type = [[LLC]]|
⚫
| logo = Highland Capital Partners logo.png
⚫
founder = Paul Maeder, Bob Higgins|
| type = [[Limited liability company|LLC]]
⚫
foundation = 1988 |
location = [[Image:Flag of the United States.svg|20px]] Lexington, MA|
| industry = [[Private Equity]]
⚫
| foundation = {{start date and age|1988}}
industry = [[Venture Capital]] |
⚫
| founder = William Boyce, Paul Maeder, Bob Higgins
products = Investments, [[Private equity fund|Private equity funds]] |
| location = [[Cambridge, Massachusetts]], [[United States]]
assets = $3.0 billion |
homepage = [http://www.hcp.com/ www.hcp.com] |
| products = Investments, [[Venture capital]]
| homepage = [http://www.hcp.com www.hcp.com]
}}
}}
⚫
{{otheruses4|the venture capital firm|the alternative investment management firm|Highland Capital Management}}
'''Highland Capital Partners''' is a [[venture capital]] firm that focuses on investments in seed, early, and growth stage companies in the communications, consumer, digital media, healthcare, and information technology sectors. The firm's partners include: Peter Bell, Sean Dalton, Bob Davis, Richard de Silva, Bob Higgins, John Hsin, Paul Maeder, Fergal Mullen, Corey Mulloy, Dan Nova, Dr. Bijan Salehizadeh, Chuan Thor, and Kuantai Yeh.


'''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]].<ref>{{Cite web|date=2018-09-27|title=About|url=https://www.hcp.com/about|access-date=2020-11-27|website=Highland Capital Partners|language=en}}</ref>
Founded in 1988, the company is headquartered in [[Lexington, Massachusetts]], and has offices in [[Menlo Park, California]]; [[Geneva, Switzerland]]; and [[Shanghai, China]].

The Highland Consumer Fund was formed by Highland in 2006 to target retail and consumer products and services investment opportunities. The firm finished fundraising in 2007 with over $300 million of investor commitments, exceeding its $250 million target.<ref>[http://www.altassets.net/news/arc/2007/nz11264.php Highland Consumer Fund closes on $300m]. [[AltAssets]], 11/07/2007</ref>


==History==
==History==
{{history of private equity and venture capital}}
{{history of private equity and venture capital}}

===Investments and investment funds===
===Investments and investment funds===
Highland typically the first institutional investor in the companies they back.<ref>[http://www.bizjournals.com/sanfrancisco/gen/company.html?gcode=C121EAD1C1B44F3F8CC8FC243A93A84F About Highland Capital Partners, Inc.]</ref>
Highland is typically the first institutional investor in the companies they back.<ref>[http://www.bizjournals.com/sanfrancisco/gen/company.html?gcode=C121EAD1C1B44F3F8CC8FC243A93A84F About Highland Capital Partners, Inc.]</ref>


From inception in 1988 through the middle of 2008, the firm has raised eight [[private equity fund|venture capital funds]] with aggregate investor commitments of approximately $2.6 billion:
From inception in 1988 to today,{{when|date=May 2023}} the firm has raised eleven [[private equity fund|venture capital funds]] with aggregate investor commitments of approximately $4 billion{{Citation needed|date=July 2022}}:
* 1988 — Highland Capital Partners ($78 million)
* 1988 — Highland Capital Partners
* 1992 — Highland Capital Partners II ($86 million)
* 1992 — Highland Capital Partners II
* 1996 — Highland Capital Partners III ($126 million)
* 1996 — Highland Capital Partners III
* 1998 — Highland Capital Partners IV ($250 million)
* 1998 — Highland Capital Partners IV
* 2000 — Highland Capital Partners V ($505 million)
* 2000 — Highland Capital Partners V
* 2001 — Highland Capital Partners VI ($808 million)
* 2001 — Highland Capital Partners VI
* 2006 — Highland Capital Partners VII ($800 million)
* 2006 — Highland Capital Partners VII
* 2007 — Highland Consumer Fund I ($303 million)
* 2009 — Highland Capital Partners VIII
* 2013 — Highland Capital Partners 9
* 2018 - Highland Capital Partners 10
* 2020 - Highland Capital Leaders Fund


===Notable investments===
===Notable investments===
The company has invested some $4 billion in more than 280 companies since its founding, including [[2U (company)|2U]],<ref>{{Cite web|title=Online university degree provider 2U acquires Trilogy for $750M to expand into tech bootcamps and training|url=https://techcrunch.com/2019/04/08/2u-trilogy/|access-date=2020-10-31|website=TechCrunch|date=8 April 2019 |language=en-US}}</ref> Auris Health,<ref>{{Cite web|date=2019-02-18|title=Auris acquisition could prompt more mega VC rounds|url=https://www.evaluate.com/vantage/articles/analysis/spotlight/auris-acquisition-could-prompt-more-mega-vc-rounds|access-date=2020-10-31|website=Evaluate.com|language=en}}</ref> [[Bromium]],<ref>{{Cite web|last=Schubarth|first=Cromwell|date=September 20, 2019|title=HP buys Cupertino startup behind its Sure Click security|url=https://www.bizjournals.com/sanjose/news/2019/09/20/hp-buys-cupertino-startup-behind-its-sure-click.html|access-date=|website=BizJournals}}</ref> Clearbanc,{{cn|date=July 2021}} Everlywell,<ref>{{Cite web|last=Warren|first=Rachel|date=2020-06-03|title=Health and Wellness Startup Everlywell Selling At-Home Coronavirus Test Kits for $109|url=https://www.fool.com/investing/2020/06/03/health-and-wellness-startup-everlywell-selling-at.aspx|access-date=2020-10-31|website=The Motley Fool|language=en}}</ref> [[Gigamon]],<ref>{{Cite press release|last=vArmour|date=2020-02-20|title=vArmour and Gigamon Partner to Provide Enterprise Networks With Elevated Application Visibility and Control|url=http://www.globenewswire.com/news-release/2020/02/20/1988100/0/en/vArmour-and-Gigamon-Partner-to-Provide-Enterprise-Networks-With-Elevated-Application-Visibility-and-Control.html|access-date=2020-10-31|website=GlobeNewswire News Room}}</ref> [[Imprivata]]<ref>{{Cite web | url=http://www.betaboston.com/news/2014/06/12/imprivata-moves-toward-being-the-next-boston-tech-ipo/ | title=Imprivata moves toward being the next Boston tech IPO }}</ref> [[LevelUp]],<ref>{{Cite web|title=LevelUp Grabs $12M From Highland, Google Ventures To Take Its Mobile Payment Solution National|url=https://techcrunch.com/2012/06/07/levelup-raises-12m/|access-date=2020-10-31|website=TechCrunch|date=7 June 2012 |language=en-US}}</ref> [[Lululemon Athletica]],<ref>{{Cite web|last=MacFadyen|first=Ken|date=2012-12-30|title=Advent, Highland take stake in yoga outfitter|url=https://www.privateequityinternational.com/advent-highland-take-stake-in-yoga-outfitter/|access-date=2020-10-31|website=Private Equity International|language=en-GB}}</ref> [[Malwarebytes]],<ref>{{Cite web|title=Security startup Malwarebytes acquires AdwCleaner to nip adware in the bud|url=https://techcrunch.com/2016/10/19/security-startup-malwarebytes-acquires-adwcleaner-to-nip-adware-in-the-bud/|access-date=2020-10-31|website=TechCrunch|date=19 October 2016 |language=en-US}}</ref> [[Qihoo]] 360,<ref>{{Cite news|last=Chapman|first=Lizette|date=2014-07-10|title=Qihoo 360 Joins Asian Companies Launching VC Groups in Silicon Valley|language=en-US|work=Wall Street Journal|url=https://blogs.wsj.com/venturecapital/2014/07/10/qihoo-360-joins-asian-companies-launching-vc-groups-in-silicon-valley/|access-date=2020-10-31|issn=0099-9660}}</ref> Quattro Wireless,<ref>{{Cite web|date=2007-09-05|title=Quattro Wireless Raises $12.3 Million in Series B Funding|url=https://www.businesswire.com/news/home/20070905005178/en/Quattro-Wireless-Raises-12.3-Million-in-Series-B-Funding|access-date=2020-10-31|website=www.businesswire.com|language=en}}</ref> [[Rent the Runway]],<ref>{{Cite press release|last=Runway|first=Rent the|title=Rent the Runway Receives $20 Million Investment Led by Advance/Conde Nast|url=https://www.prnewswire.com/news-releases/rent-the-runway-receives-20-million-investment-led-by-advanceconde-nast-181527961.html|access-date=2020-10-31|website=www.prnewswire.com|language=en}}</ref> [[Scopely]],<ref>{{Cite web|last=Spangler|first=Todd|date=2014-11-13|title=Mobile-Games Startup Scopely Raises $35 Million Led by Evolution Media, Highland Capital|url=https://variety.com/2014/digital/games/mobile-games-startup-scopely-raises-35-million-led-by-evolution-media-highland-capital-1201355478/|access-date=2020-10-31|website=Variety|language=en-US}}</ref> ThredUp,<ref>{{Cite web|last=Sormani|first=Angela|date=2012-10-03|title=thredUP.com Secures Series C Led by Highland|url=https://www.venturecapitaljournal.com/thredup-com-secures-series-c-led-highland/|access-date=2020-10-31|website=Venture Capital Journal|language=en-US}}</ref> [[Turbonomic]]<ref>{{Cite web|last=Dorbian|first=Iris|date=2019-11-04|title=VC-backed Turbonomic buys SevOne|url=https://www.pehub.com/vc-backed-turbonomic-buys-sevone/|access-date=2020-10-31|website=PE Hub|language=en-US}}</ref> and [[VistaPrint]].<ref>[http://biz.yahoo.com/ic/99/99739.html Yahoo! Highland Capital Partners, Inc. company profile]</ref>
The company has invested some $2.5 billion in more than 200 companies since its founding.<ref>[http://biz.yahoo.com/ic/99/99739.html Yahoo! Highland Capital Partners, Inc. Company Profile]</ref> Among Highland's most notable current and past investments are:
{{columns | gap = 4.0em

|col1 = <font size=-1>
*[[Lycos]]
*[[Ask Jeeves]]
*[[Sybase]]
*[[MapQuest]]
*Telica
*[[VistaPrint]]
*[[Fiserv|CheckFree]]

|col2 = <font size=-1>
*[[Lululemon Athletica]]
*[[City Sports]]
*[[Ocarina Networks]]
*EXACT Sciences
*Odyssey HealthCare.

|col3 = <font size=-1>
*[[Digg]]
* Staples.com
* [[Starent Networks]]
*[[Quigo]]
*[[Avid]]
}}
''Source: Company website<ref>[http://www.hcp.com/companies/companies.php All Portfolio Companies]</ref>''


===Current and former employees===
===Current and former employees===
Notable members of the team include [[Bob Davis (businessman)|Bob Davis]], the founder of [[Lycos]];<ref>{{Cite web|last=Schawbel|first=Dan|title=Bob Davis's Advice to Young Entrepreneurs|url=https://www.forbes.com/sites/danschawbel/2012/08/23/bob-daviss-advice-to-young-entrepreneurs/|access-date=2020-10-31|website=Forbes|language=en}}</ref> Gaurav Tewari, the founder of Omega Venture Partners, and formerly of Highland Capital Partners;<ref>{{Cite web|date=2020-09-17|title=Gaurav Tewari {{!}} Omega Venture Partners|url=https://www.omegavp.com/gaurav-tewari/|access-date=2021-12-19|language=en-US}}</ref> and [[Wyc Grousbeck]], owner of the [[Boston Celtics]].<ref>{{Cite web|title=Wyc Grousbeck formerly of Highland Capital Partners|url=https://www.forbes.com/pictures/mlm45jlim/wyc-grousbeck-formerly-of-highland-capital-partners/|access-date=2020-10-31|website=Forbes|language=en}}</ref> In February 2005, [[Thomas G. Stemberg]], the founder and former [[CEO]] of [[Staples Inc.|Staples]], joined Highland.<ref>[http://www.allbusiness.com/retail-trade/4299665-1.html Founder and Former CEO of Staples Joins Highland Capital Partners]</ref>
In February 2005, [[Thomas G. Stemberg]], the founder and former CEO of [[Staples]] joined Highland.<ref>[http://www.allbusiness.com/retail-trade/4299665-1.html Founder and Former CEO of Staples Joins Highland Capital Partners]</ref> Other notable members of the team include Bob Davis, the founder of [[Lycos]], and [[Wycliffe Grousbeck]], who reduced his role in Highland to become managing partner and co-owner of the [[Boston Celtics]].


==Other==
==Other==
Highland Capital Partners is not affiliated with [[Highland Capital Management]], the multi billion dollar [[distressed securities|distressed]] investment firm and [[hedge fund]] sponsor and [[mutual fund]] manager based in [[Dallas, Texas]].
Highland Capital Partners is not affiliated with [[Highland Capital Management]], the [[distressed securities|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,{{what|date=June 2024}} 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).<ref>{{Cite web|last=|first=|date=|title=Highland Capital Partners' SPAC Highland Transcend Partners I files for a $250 million IPO|url=https://www.nasdaq.com/articles/highland-capital-partners-spac-highland-transcend-partners-i-files-for-a-%24250-million-ipo|access-date=|website=}}</ref>


==References==
==References==
{{reflist|2}}
{{Reflist|2}}
{{refbegin}}
{{refbegin}}
*[http://www.nytimes.com/2006/09/24/jobs/24advi.html The Rebirth of Venture Capitalism]. [[New York Times]], September 24, 2006
*[https://www.nytimes.com/2006/09/24/jobs/24advi.html The Rebirth of Venture Capitalism]. [[New York Times]], September 24, 2006
*[http://query.nytimes.com/gst/fullpage.html?res=9401E7D7143CF931A25750C0A9639C8B63 COMPANY NEWS; STAPLES NAMES ITS CHIEF AS CHAIRMAN]. [[New York Times]], March 12, 2005
*[https://query.nytimes.com/gst/fullpage.html?res=9401E7D7143CF931A25750C0A9639C8B63 COMPANY NEWS; STAPLES NAMES ITS CHIEF AS CHAIRMAN]. [[New York Times]], March 12, 2005


==External links==
==External links==
*{{official website|hcp.com}}
⚫
*[http://www.hcp.com/ Highland Capital Partners] (company website)
*[http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=20955 Businesweek Private Company Profile]
*[http://www.fundingpost.com/venturefund/venture-fund-profile.asp?fund=421 Venture Fund Member Profile]

{{refend}}
{{refend}}


{{US-private-equity-company-stub}}
{{Venture capital firms}}
{{Venture capital firms}}


[[Category:1988 establishments in Massachusetts]]
[[category:venture capital firms]]
[[Category:Venture capital firms of the United States]]
[[Category:Companies based in Massachusetts]]
[[Category:Financial services companies established in 1988]]
[[Category:Private equity firms of the United States]]

Latest revision as of 04:41, 26 July 2024

This article is about the venture capital firm. For the alternative investment management firm, see Highland Capital Management.
Highland Capital Partners
Company typeLLC
IndustryPrivate Equity
Founded1988; 36 years ago (1988)
FounderWilliam Boyce, Paul Maeder, Bob Higgins
HeadquartersCambridge, Massachusetts, United States
ProductsInvestments, Venture capital
Websitewww.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]

History

[edit]
History of private equity
and venture capital
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

[edit]

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]:

  • 1988 — Highland Capital Partners
  • 1992 — Highland Capital Partners II
  • 1996 — Highland Capital Partners III
  • 1998 — Highland Capital Partners IV
  • 2000 — Highland Capital Partners V
  • 2001 — Highland Capital Partners VI
  • 2006 — Highland Capital Partners VII
  • 2009 — Highland Capital Partners VIII
  • 2013 — Highland Capital Partners 9
  • 2018 - Highland Capital Partners 10
  • 2020 - Highland Capital Leaders Fund

Notable investments

[edit]

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

[edit]

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] and Wyc Grousbeck, owner of the Boston Celtics.[21] In February 2005, Thomas G. Stemberg, the founder and former CEO of Staples, joined Highland.[22]

Other

[edit]

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,[clarification needed] 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).[23]

References

[edit]
  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.
  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. ^ "Wyc Grousbeck formerly of Highland Capital Partners". Forbes. Retrieved 2020-10-31.
  22. ^ Founder and Former CEO of Staples Joins Highland Capital Partners
  23. ^ "Highland Capital Partners' SPAC Highland Transcend Partners I files for a $250 million IPO".
[edit]
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