By Daniel Lanyon on Monday 7 December 2020
The venture capital firm is now on its fourth fund since 2012 and has big plans to invest in fintech companies across Europe.
Fundraising from venture capital for fintech start-ups has certainly become more challenging in 2020 but investors are still raising new cash. Highland Europe is one such example having last week closed its fourth fund, at €700m.
The firm has backed a number of fintechs including Farewill and Modulr (both in the past 12 months) as well as other well-known names such as WeTransfer.
Fergal Mullen (pictured), co-founder and partner at Highland Europe, told AltFi that he anticipates a large proportion of the new fund's cash to be invested into new fintech companies.
“We are fairly agnostic across sectors. But there are some headline trends in the broader economy that just cannot be ignored. I think what's going on in the whole fintech space, including insurtech is is quite obvious. That's a space you can't ignore.”
He also says the UK remains an exciting place to invest despite the looming uncertainty as the UK faces life outside the EU with no trade deal currently in clear view.
“The Brexit thing has no impact for us. We are driven by where entrepreneurs are developing. Great concepts, great, businesses. The UK particularly will remain a hotbed of innovation and entrepreneurship,” he said.
Mullen adds that there are also a number of exciting fintech ecosystems at present across Europe.
London and Berlin, he says, are "equally hot" while Helsinki is also "flying at the moment. There's so much going on there."
Highland Europe has also promoted Jean Tardy-Joubert, Gajan Rajanathan and Ronan Shally to Partner at the same time as the new fund's launch.