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Advice on a share transaction in a € 35 million secondary investment round

Terry Steffens, managing partner at act legal The Netherlands, advised Bas Beerens, one of the founders of WeTransfer, on a share transaction in a € 35 million secondary investment round.

WeTransfer is the Amsterdam-headquartered company best known for its file-sharing service. The transfer service has 50 million users per month across 195 countries, sharing over 1.5 billion files each month. WeTransfer already raised € 22 million four years ago from Highland Europe. This round was led by growth equity firm HPE Growth, who stepped in besides Highland Europe.

WeTransfer has a dual revenue model, offering both a premium subscription service (WeTransfer Plus) and an advertising proposition.The company has 185 employees, with appr. 150 in Amsterdam and the other 35 across its U.S. offices in LA and New York. WeTransfer will use the investment to grow the company internationally.

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