# Highland Europe: portfolio, investments and team

> Highland Europe is a vc firm based in United Kingdom. 87 investments on record, 12 in the last 12 months, latest Aug 2026.

Source: https://millionrounds.com/fund/highland-europe (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Investor](https://millionrounds.com/investors)

# Highland Europe

Last cheque observed Aug 2026; 87 cheques on record.

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Deploying now New fund $1.3B, Jul 2026 VC firm

Seed Series A Series B Payment Subscription Paytech

Follow Highland Europe and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fhighland-europe)

Deploying now

**86%** of best year **12** **cheques in 12 months**, 87 on record

Since the last cheque **65** days **00** hrs **00** min **00** sec

Median round **$54M** Cheque size, as they say **$22M – $90M** Rounds led **12 of 87** Sole investor **17 rounds** Mostly in **United Kingdom, 45%**

Pitch Highland Europe

## Highland Europe highlights

- 01 12 cheques in the last 12 months
- 02 Mostly Series B and Series C: 54% of its rounds
- 03 Sole investor in 17 rounds, median $26M

## What they do

> We provide growth capital for exceptional teams and total commitment to a collaborative relationship From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $22M – $90M as they say
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** Payment Subscription Paytech
- **Based in:** London, United Kingdom
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **87 appearances**

- **2026** 9 rounds
- **Aug** **[Adapyv Bio](https://millionrounds.com/company/adapyv-bio)** Series A · CH · Ventureburn **$40M** *Led*
- **Aug** **[Adaptyv](https://millionrounds.com/company/adaptyv)** Series A · GB · Highland Europe **$40M** *Led*
- **Aug** **[Alice](https://millionrounds.com/company/alice)** US · TechStartups **$140M** With 14 others
- **Jun** **[Wordsmith](https://millionrounds.com/company/wordsmith)** Series B · GB · Ventureburn **$70M** *Led*
- **May** **[Unframe](https://millionrounds.com/company/unframe)** Series B · GB · Highland Europe **$50M** *Led*
- **May** **[LemFi](https://millionrounds.com/company/lemfi)** Venture · CA **$53M** With 4 others
- **May** **[Nothing](https://millionrounds.com/company/nothing)** Venture · GB **Undisclosed** With 4 others
- **Mar** **[9fin](https://millionrounds.com/company/9fin)** Series C · GB · TechStartups **$170M** With 8 others
- **Mar** **[Red Sift](https://millionrounds.com/company/red-sift)** Venture · GB **Undisclosed** With 3 others
- **2025** 11 rounds
- **Dec** **[Titan OS](https://millionrounds.com/company/titan-os)** Series A · ES · TechCrunch **$58M** *Led*
- **Dec** **[Titan Operating System](https://millionrounds.com/company/titan-operating-system)** Series A · ES **$58M** With 1 other
- **Dec** **[Cellular Origins](https://millionrounds.com/company/cellular-origins)** Series A · GB · Firms' own news pages **$40M** With 1 other
- **Oct** **[Ecorobotix](https://millionrounds.com/company/ecorobotix)** Series D · CH · European Circular Bioeconomy Fund (ECBF) **$105M** *Led*
- **Sept** **[Nothing](https://millionrounds.com/company/nothing)** Series C · GB · TechCrunch **$200M** With 8 others
- **Aug** **[Domino Data Lab](https://millionrounds.com/company/domino-data-lab)** Venture · US **Undisclosed** With 5 others
- **Jun** **[Nabla](https://millionrounds.com/company/nabla)** Series C · FR · Crunchbase News **$70M** With 4 others
- **Jun** **Zero Networks** Growth · IL · TechStartups **$55M** *Led*
- **Mar** **[n8n](https://millionrounds.com/company/n8n)** Series B · DE · TechCrunch **$60M** *Led*
- **Jan** **[LemFi](https://millionrounds.com/company/lemfi)** Series B · NG · Disrupt Africa **$53M** *Led*
- **Jan** **[Fundment](https://millionrounds.com/company/fundment)** Series C · GB **$56M** Sole investor
- **2024** 4 rounds
- **Oct** **[Bitmovin](https://millionrounds.com/company/bitmovin)** Venture · US **Undisclosed** With 4 others
- **Sept** **[FINBOURNE Technology](https://millionrounds.com/company/finbourne-technology)** Secondary · GB **$59M** With 2 others
- **Sept** **[EGYM](https://millionrounds.com/company/egym)** Growth · DE **$200M** With 2 others
- **Jan** **[Hyperexponential](https://millionrounds.com/company/hyperexponential)** Series B · GB **$73M** With 2 others
- **2023** 6 rounds
- **Dec** **[Podimo](https://millionrounds.com/company/podimo)** Venture · DK **$48M** With 4 others
- **Oct** **[Wirepas](https://millionrounds.com/company/wirepas)** Series D · FI **$22M** With 3 others
- **Oct** **[Huel](https://millionrounds.com/company/huel)** Growth · GB **$83M** With 1 other
- **Jul** **[PVcase](https://millionrounds.com/company/pvcase)** Series B · LT **$100M** With 2 others
- **Jul** **[Oritain](https://millionrounds.com/company/oritain)** Series C · GB **$57M** Sole investor
- **Jan** **[OroCommerce](https://millionrounds.com/company/orocommerce)** Series B · US **$13M** Sole investor
- **2022** 11 rounds
- **Dec** **[Le Collectionist](https://millionrounds.com/company/le-collectionist)** Venture · FR **$63M** With 3 others
- **Dec** **[Snappy Shopper](https://millionrounds.com/company/snappy-shopper)** Venture · GB **Undisclosed** With 3 others
- **Nov** **[Farewill](https://millionrounds.com/company/farewill)** Crowdfunding · GB **$3.0M** With 3 others
- **Jun** **[Jellysmack](https://millionrounds.com/company/jellysmack)** Venture · US **Undisclosed** With 3 others
- **May** **[Modulr](https://millionrounds.com/company/modulr)** Series C · GB **$103M** With 1 other
- **Mar** **[ME+EM](https://millionrounds.com/company/meem)** Growth · GB · Firms' own news pages **$72M** *Led*
- **Mar** **[Deepki](https://millionrounds.com/company/deepki)** Series C · FR **$167M** With 3 others
- **Mar** **[Goodlord](https://millionrounds.com/company/goodlord)** Series B · GB **$36M** With 4 others
- **Feb** **[Combo](https://millionrounds.com/company/combo)** Series A · FR **$45M** With 2 others
- **Jan** **[Descartes Underwriting](https://millionrounds.com/company/descartes-underwriting)** Series B · FR **$120M** With 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **19 named**

AR **Anthony Roberto Zappala** Managing Partner i Form ADV

DB **David Blyghton** Executive Officer i Filing they signed

FJ **Fergal J Mullen** Executive Officer i Filing they signed

GR **Gajan Rajanathan** Executive Officer i Filing they signed

HR **Helena Richardson** Executive Officer i Filing they signed

IG **Irena Goldenberg** Executive Officer i Filing they signed

JT **Jean Tardy-Joubert** Executive Officer i Filing they signed

JE **Jonathan Evans** Executive Officer i Filing they signed

JM **Joseph Merhai** Director i Form ADV

JC **Julia Chapman** Executive Officer i Filing they signed

JF **Julie Fairclough** Executive Officer i Filing they signed

LG **Laurence Garrett** Executive Officer i Filing they signed

MW **Mark Wanless** Director i Filing they signed

MM **Michelle McNaney** Executive Officer i Filing they signed

PM **Paul Millar** Executive Officer, Promoter i Filing they signed

RS **Ronan Shally** Executive Officer i Filing they signed

SB **Sam Brooks** Executive Officer i Filing they signed

SL **Stan Laurent** Executive Officer i Filing they signed

TZ **Tony Zappala** Executive Officer i Filing they signed

We also hold **32** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$4.8B** gross assets of its funds Oct 2026

**6+** funds on file numbered funds in its name

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Highland Europe (geneva) S.a.r.l.
- **SEC number:** CRD 165378

## What they claim to have backed

From their own portfolio page (on their website)

**7** of 12 we have independently watched raise

[9fin](https://millionrounds.com/company/9fin)[Adjust](https://millionrounds.com/company/adjust)[Alice](https://millionrounds.com/company/alice)[Bitmovin](https://millionrounds.com/company/bitmovin)[Brandwatch](https://millionrounds.com/company/brandwatch)[Camunda](https://millionrounds.com/company/camunda)[Cellularorigins](https://millionrounds.com/company/cellular-origins) Abask Adaptyvbio Alchemy Amcsgroup Cobalt

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$1.3B**

raised in Jul 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$54M** the round, not its cheque Alone, median **$26M**

Led 12 of 87 rounds **14%**

- **Said size:** $22M – $90M
- **Sole investor:** 17 rounds
- **Last cheque:** Aug 2026

Rounds by stage said on their site

- Series B said *22*
- Series C *17*
- Series A said *16*
- Venture *12*
- Growth said *5*
- Seed said *-*
- Pre-IPO said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Highland Capital Partners](https://millionrounds.com/fund/highland-capital-partners) 5
- [Mangrove Capital Partners](https://millionrounds.com/fund/mangrove-capital-partners) 4
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 4
- [Bpifrance](https://millionrounds.com/fund/bpifrance) 3
- [Partech Ventures](https://millionrounds.com/fund/partech) 3
- [360 Capital](https://millionrounds.com/fund/360-capital) 2

**Pitching Highland Europe?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Highland Europe. A count of rooms they were both in, not a relationship either has claimed.

[**Highland Capital Partners** VC firm **5** rounds together](https://millionrounds.com/fund/highland-capital-partners)[**Mangrove Capital Partners** VC firm **4** rounds together](https://millionrounds.com/fund/mangrove-capital-partners)[**Y Combinator** Accelerator **4** rounds together](https://millionrounds.com/fund/y-combinator)[**Bpifrance** Government **3** rounds together](https://millionrounds.com/fund/bpifrance)[**Partech Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/partech)[**360 Capital** VC firm **2** rounds together](https://millionrounds.com/fund/360-capital)[**Acton Capital** VC firm **2** rounds together](https://millionrounds.com/fund/acton-capital)[**Balderton Capital** VC firm **2** rounds together](https://millionrounds.com/fund/balderton-capital)[**Battery Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/battery-ventures)[**Bessemer Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/bessemer-venture-partners)[**ByFounders** VC firm **2** rounds together](https://millionrounds.com/fund/byfounders)[**CRV** VC firm **2** rounds together](https://millionrounds.com/fund/crv)

## Recently backed

The latest companies Highland Europe put money into.

[**Adaptyv** $40M · Aug 2026](https://millionrounds.com/company/adaptyv)[**Nothing** May 2026](https://millionrounds.com/company/nothing)[**9fin** $170M · Mar 2026](https://millionrounds.com/company/9fin)[**Red Sift** Mar 2026](https://millionrounds.com/company/red-sift)[**Titan OS** $58M · Dec 2025](https://millionrounds.com/company/titan-os)[**Cellular Origins** $40M · Dec 2025](https://millionrounds.com/company/cellular-origins)

## Mentioned on podcasts

Episodes that name Highland Europe in their description, not their title.

- [Tech.eu](https://millionrounds.com/podcasts/tech-eu) 11 Dec 2020 · 37 min Robin Wauters on The State of European Tech, £100 million for email signatures, TransferWise is hiring big time With [Robin Wauters](https://millionrounds.com/person/robin-wauters) Mentions [Atomico](https://millionrounds.com/fund/atomico)[Google](https://millionrounds.com/fund/google-assistant-investments)[Highland Europe](https://millionrounds.com/fund/highland-europe) Apple PodcastsShow page
- [Tech.eu](https://millionrounds.com/podcasts/tech-eu) 22 Aug 2016 · 23 min Facebook's Oculus Rift is coming to Europe, Nordic health startups raise funding, self-driving buses in Helsinki and a look at the UK's fintech scene Mentions [Highland Europe](https://millionrounds.com/fund/highland-europe)[Fergal Mullen](https://millionrounds.com/person/fergal-mullen) Apple PodcastsShow page

## Quick answers about Highland Europe

### What does Highland Europe invest in?

Highland Europe invests most often at Series B and Series C (54% of the rounds on record), in sectors such as Payment, Subscription and Paytech.

### How active is Highland Europe?

87 investments on record, 12 of them in the last 12 months, and it led 12. The most recent was in Aug 2026.

### What has Highland Europe invested in recently?

Its most recent investments on record: Adapyv Bio (Series A, Aug 2026), Adaptyv (Series A, Aug 2026) and Alice (Undisclosed round, Aug 2026).

### How big are Highland Europe's cheques?

The median round it joins is $54M. It says it writes cheques of $22M to $90M.

### Does Highland Europe lead rounds?

Sometimes: it led 12 of its 87 investments on record (14%).

### Where does Highland Europe invest?

Most of the companies it backs are in the United Kingdom (45%), the United States (13%) and France (13%).

### Is Highland Europe investing now?

Yes: it is actively investing, with 12 investments in the last 12 months.

### Who does Highland Europe invest alongside?

Most often Highland Capital Partners (5 rounds together), Mangrove Capital Partners (4 rounds together) and Y Combinator (4 rounds together).

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