Highland Capital Partners

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. Investments include Rent the Runway, Harry's, Malwarebytes, Scopely, Thred Up, Carbon Black, Auris Health, Clearbanc, Everlywell, 2U, Bromium, Gigamon, Handy, Lululemon Athletica, Lycos, Malwarebytes, MapQuest, Qihoo 360, Quattro Wireless, Sybase, VistaPrint, Turbonomic, and LevelUp.

This article is about the venture capital firm. For the alternative investment management firm, see Highland Capital Management.
Highland Capital Partners
LLC
IndustryPrivate Equity
Founded1988
FounderWilliam J. Boyce, Paul Maeder, Bob Higgins
HeadquartersCambridge, Massachusetts, United States
ProductsInvestments, Venture capital
Websitewww.hcp.com

Founded in 1988, the company has offices in Cambridge, Massachusetts, New York City, New York, San Francisco, California and Palo Alto, California.

History
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)

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.[2]. This has resulted in 46 IPOs, 129 acquisitions, and 19 companies with values over $1 billion.

Current and former employees

In February 2005, Thomas G. Stemberg, the founder and former CEO of Staples joined Highland.[3] Other notable members of the team include Bob Davis, the founder of Lycos; Peter Bell the co-founder and CEO of information storage software company StorageNetworks; Andy Miller, the co-founder of Quattro Wireless (acquired by Apple Computer in 2009), and most recently the Vice President Mobile Advertising responsible for the iAd team; and Wycliffe Grousbeck, who reduced his role in Highland to become managing partner and co-owner of the Boston Celtics. 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
  1. About Highland Capital Partners, Inc.
  2. Yahoo! Highland Capital Partners, Inc. Company Profile
  3. Founder and Former CEO of Staples Joins Highland Capital Partners
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