What is Hightail?
Hightail, now operating under OpenText, offers a robust suite of tools designed to streamline creative workflows. Its platform facilitates secure file sharing, project management, and seamless integration with essential creative applications such as Adobe and Zapier. By enabling efficient collaboration on digital content within a secure cloud environment, Hightail empowers creative teams to enhance productivity and refine their digital asset management processes. The company's focus on managing creative projects and facilitating feedback makes it a valuable asset for organizations aiming to optimize their creative operations.
How much funding has Hightail raised?
Hightail has raised a total of $78M across 5 funding rounds:
Series A
$5M
Series B
$10M
Series C
$14M
Series D
$15M
Series E
$34M
Series A (2005): $5M with participation from Sevin Rosen Funds, Alloy Ventures, and Cambrian Ventures
Series B (2007): $10M led by Sevin Rosen Funds, Alloy Ventures, Sigma Partners, and Cambrian Ventures
Series C (2008): $14M supported by Sigma Partners, Cambrian Ventures, Emergence Capital Partners, Alloy Ventures, and Sevin Rosen Funds
Series D (2010): $15M featuring Emergence Capital Partners, Sigma Partners, Adams Street Partners, and Alloy Ventures
Series E (2013): $34M backed by Accolade Partners, Emergence Capital Partners, Alloy Ventures, Adams Street Partners, Ignition Partners, Sigma Partners, and Sevin Rosen Funds
Key Investors in Hightail
Accolade Partners
Accolade Partners is a venture capital and growth equity fund of funds based in Washington, DC, focusing on delivering superior returns through a concentrated portfolio of hard-to-access funds.
Emergence Capital Partners
Emergence Capital Partners is a leading venture capital firm focused on early-stage enterprise companies, aiming to be the most valuable partner to transformative businesses.
Alloy Ventures
Alloy Ventures, based in Palo Alto, California, provides venture capital funding to entrepreneurs, with a focus on next-generation Life Science, Information Technology, and Cleantech companies.
What's next for Hightail?
The substantial enterprise-level funding Hightail has garnered, culminating in its recent strategic investment, positions the company for significant advancements. This capital injection is likely to be directed towards enhancing its secure file-sharing capabilities, expanding its integration ecosystem, and further developing its creative collaboration features. As Hightail continues to evolve within the OpenText portfolio, it is poised to solidify its role as a critical tool for creative professionals and enterprises seeking to optimize their digital content workflows and foster greater team synergy.
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