# Hightail

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hightail

- Industry: Software
- Headquarters: Campbell, US
- Website: www.hightail.com
- Total disclosed funding: $83M
- Latest round: Series E (Sep 30, 2013)
- Investors on record: 8

## About

Hightail, Inc. offers secure file sharing and creative collaboration solutions tailored for creative professionals, enabling efficient project management and feedback collection across diverse industries.Founded in 2004 by Doug Sandberg, Hightail, Inc. is based in Campbell, US, and specializes in providing secure file sharing and collaboration tools. The company has undergone strategic shifts in its operations and was acquired by OpenText in February 2018 for an undisclosed amount. It has raised a total of USD 34.00 mn through its latest funding round, Series E, led by Western Digital Capital, and has reached a current valuation of USD 245.977 mn.Hightail specializes in secure file sharing and creative collaboration solutions designed to meet the needs of creative professionals across various industries. The company's core offerings include tools for managing large file transfers, facilitating feedback collection, and organizing creative projects within a centralized platform. Users can securely share substantial files with immediate email notifications and track content access, ensuring transparency in the review process. Hightail integrates seamlessly with other OpenText products like Documentum, Core, and Media Management, further enhancing its utility. The platform is utilized by a diverse clientele, including creative agencies, marketing departments, and freelance professionals, catering to users in North America, Europe, and Asia.Hightail’s revenue model is primarily based on subscription services, providing clients with various pricing plans tailored to their operational needs. The company's offerings include tiered subscription levels, allowing businesses to select the features most relevant to their workflow. Transactions generally involve direct engagement with clients, enabling organizations to streamline their creative processes effectively. Hightail has positioned itself as a key player in the market for creative collaboration, and its services are integral to companies focused on enhancing productivity in creative project management.Hightail's strategy for future growth includes ongoing development of new products aimed at enhancing its service offerings. Following its acquisition by OpenText, the company is focused on expanding its reach into new markets, particularly in Europe and Asia, by 2024. The funding raised in the Series E round will be utilized to support these initiatives, ensuring that Hightail can continue to innovate and meet the evolving needs of its clients.

## Funding rounds

- Series E, Sep 30, 2013, $34M — Adams Street Partners, Alloy Ventures, Sevin Rosen Funds, Emergence Capital, Accolade Partners, Western Digital Capital, Sigma Partners
- Series D, Jul 30, 2010, $15M — Adams Street Partners, Alloy Ventures, Emergence Capital, Sigma Partners
- Series C, Jul 15, 2008, $14M — Alloy Ventures, Sevin Rosen Funds, Emergence Capital, Cambrian Ventures, Sigma Partners
- Series B, Apr 23, 2007, $10M — Alloy Ventures, Sevin Rosen Funds, Cambrian Ventures, Sigma Partners
- Series A, Oct 25, 2006, $4.7M — Alloy Ventures, Sevin Rosen Funds, Cambrian Ventures
- Series A, Oct 7, 2005, $5M — Alloy Ventures, Sevin Rosen Funds, Cambrian Ventures

## Investors

- Alloy Ventures (https://capitalatlas.ai/funds/alloy-ventures) — Series A, Series B, Series C, Series D, Series E
- Sevin Rosen Funds (https://capitalatlas.ai/funds/sevin-rosen-funds) — Series A, Series B, Series C, Series E
- Cambrian Ventures — Series A, Series B, Series C
- Sigma Partners — Series B, Series C, Series D, Series E
- Emergence Capital (https://capitalatlas.ai/funds/emergence-capital) — Series C, Series D, Series E
- Adams Street Partners (https://capitalatlas.ai/funds/adams-street-partners) — Series D, Series E
- Accolade Partners (https://capitalatlas.ai/funds/accolade-partners) — Series E
- Western Digital Capital (https://capitalatlas.ai/funds/western-digital-capital) — Series E