Those who made contact with the interface used the service. There was a green built-in bookshelf and only three desks an a semi-moth balled studio flat.Įven back in its embryonic state, all sorts of people recognised WeTransfer was going to be something. It had once been the apartment of an old opera singer. I joined the summer of 2010, WeTransfer was five people gathered in a room - or two rooms - on the second floor of an Amsterdam canal side converted house. Bas was busy already back in 2008 with the concept, Nalden added his flair and the service launched in December 2009. offices in LA and New York.I joined WeTransfer right near the beginning. The company has 185 employees in total, with about 150 in Amsterdam and the rest across its U.S. Our advertising inventory is sought out by brands like Apple, Nike, Balenciaga, Adobe, Squarespace, and Saint Laurent.”Īlongside this, WeTransfer says it allocates up to 30% of its advertising inventory and “billions of impressions” to support and spotlight up-and-coming creatives, and causes, such as spearheading campaigns for social issues. This approach to advertising has been incredibly effective, and our ad performance has far outpaced IAB standards. “With full-screen advertising, we find that our users don’t feel they’re simply being sold to. “Each piece of creative is fully produced in-house by our creative studio with an uncompromising focus on design and user experience,” explains the WeTransfer CEO. Meanwhile, Willoughby describes WeTransfer’s dual revenue model as “pretty unique.” The company offers a premium subscription service called WeTransfer Plus, and sells advertising in the form of “beautiful” full-screen ads called wallpapers on. Of course, our transfer service is still a big piece of that - it’s a brilliantly simple tool that more than 50 million people a month love to use.” Our overarching mission is to become the go-to source for beautiful, intuitive tools that facilitate creativity, rather than distract from it. “Over the past two years, we’ve been investing heavily in our product development and have grown tremendously following the acquisition of the apps Paper and Paste. “We want to help people work more effectively and deliver more impactful results, with tools that collectively remove friction from every stage of the creative process - from sparking ideas, capturing content, developing and aligning, to delivery,” says Willoughby. They include content-sharing app Collect (claiming 4 million monthly users), sketching tool Paper (which has had 25 million downloads) and collaborative presentation tool Paste (which claims 40,000 active teams). In addition to the wildly popular WeTransfer file-sharing service, the company operates a number of other apps and services, some built in-house and others it has acquired. Our transfer service has 50 million users a month across 195 countries, sharing over 1.5 billion files each month.” “WeTransfer has become a trusted brand in its space with significant scale.
#WETRANSFER HEADQUARTERS SERIES#
“The valuation of the company is not public, but what I can tell you is that it’s definitely up significantly since the Series A in 2015,” WeTransfer CEO Gordon Willoughby tells me. However, noteworthy is that WeTransfer says it has been profitable for six years. The exact financial terms of the secondary funding, including valuation, aren’t being disclosed. He joins Bas Beerens (founder of WeTransfer), Irena Goldenberg (Highland Europe) and Tony Zappalà (Highland Europe). We are also told that Jonne de Leeuw, of HPE, will replace WeTransfer co-founder Nalden on the company’s Supervisory Board. Being secondary funding - meaning that a number of shareholders have sold all or a portion of their holding - no new money has entered WeTransfer’s balance sheet.
The investment is led by European growth equity firm, HPE Growth, with “significant” participation from existing investor Highland Europe.
WeTransfer, the Amsterdam-headquartered company that is best known for its file-sharing service, is disclosing a €35 million secondary funding round.
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