Highland Europe’s Technology Growth Fund VI

The British Business Bank has announced a €65m (£55.6m) commitment to Highland Europe’s Technology Growth Fund VI. This investment contributes to a larger €1.1bn (£941.8m) growth equity fund designed to support high-potential UK and European technology companies in their scaling efforts across software, AI, cybersecurity, fintech, data, and consumer technology.

Summary of transaction details:

• Value: £55.6 million (€65m)
• Sector: Software & SaaS, AI, Cybersecurity, Fintech, Data, and Consumer Technology
• Advisor: Not mentioned
• Key Entities: British Business Bank (Investor), Highland Europe's Technology Growth Fund VI (Target Fund)
• Location: Fund is headquartered in London, targeting UK and European companies.

Note: This commitment aligns with the British Business Bank's strategy to back specialist growth-stage investors, thereby addressing the late-stage funding gap in Europe and fostering the growth of the technology sector through experienced partners like Highland Europe.