Dutch startup WeTransfer raises $25 million to help it expand

Founded back in 2009, Dutch file-sharing startup WeTransfer has raised $25 million in funding to help expand its services across the rest of Europe as well as the United States. Through the web or a dedicated mobile app, WeTransfer allows users to share large files in a way that’s better and easier to use than current alternatives. The service operates under a freemium business model which allows free users to tranfer files as large as 2GB. 

File-sharing startup WeTransfer has announced a $25 million funding round from Highland Capital Partners Europe (HCPE), to help grow its business aspirations across the U.S., Europe, and elsewhere. This represents the Dutch company’s first external funding since it was founded in 2009. Available on the Web and through native mobile apps, the basic premise behind WeTransfer is that it lets you send large files easily, with the founders setting out to build something “their parents could use.” It’s completely free for transferring files of up to 2GB which remain downloadable via a dedicated link for 7 days, and no account is required. For $120 a year, WeTransfer Plus lets you send 10GB files to multiple recipients, and starts to resemble the likes of Dropbox or Google Drive, as it offers 50GB of cloud-based storage too.