Highland Capital Partners
 | |
| LLC | |
| Industry | Venture Capital |
| 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 and Shanghai. Highland has raised over $3 billion in committed capital and invested in more than 225 companies. Investments include 2U, Ask Jeeves, Bromium, Gigamon, Handy, Lululemon Athletica, Lycos, Malwarebytes, MapQuest, Qihoo 360, Quattro Wireless, Rent the Runway, Starent Networks, Sybase, VistaPrint, VMTurbo, and WePay. Highland also serves as a mentor for future entrepreneurs through Summer@Highland, a program that provides students and university-affiliated startups with the environment and resources to take their initiative to the next level. They also help run a program for early stage security companies to explore their ideas and obtain customers called Cybersecurity Factory. [1]
Founded in 1988, the company has offices in Cambridge, Massachusetts, USA, Menlo Park, California, USA, and Shanghai, China.
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.[2]
From inception in 1988 through the middle of 2009, the firm has raised nine venture capital funds with aggregate investor commitments of approximately $3 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)
Notable investments
The company has invested some $2.5 billion in more than 225 companies since its founding.[3]
Current and former employees
In February 2005, Thomas G. Stemberg, the founder and former CEO of Staples joined Highland.[4] 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 Wal-Mart, General Electric and Chubb Corporation.
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
- 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
External links
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