Highland Capital Partners

News Byte

Wooga Raises $24 Million to Fuel Online Social Games Growth

Tricia Duryee in Commerce on May 31, 2011 at 7:49 am PT

Berlin-based Wooga, a social games company with 30 million monthly players on Facebook, has raised $24 million in funding. The second round was led by Highland Capital Partners with Tenaya Capital, Balderton Capital and HV Holtzbrinck Ventures also participating. The company has three titles in Facebook’s top 30, including Monster World, Diamond Dash and Bubble Island. It plans to hire aggressively this year, increasing its employees from 85 to 150.

News Byte

Spanish Private-Sales Site Privalia Expands to Germany Via Acquisition

Tricia Duryee in Commerce on March 7, 2011 at 3:46 pm PT

The online private-sales retailer Privalia, which operates in Spain, Italy, Brazil and Mexico, is buying Germany’s Dress for Less. Reuters said that according to its sources, Privalia paid between $210 million and $280 million. On Monday, Privalia raised roughly $123 million from private equity firms General Atlantic, Highland Capital Partners, Index Ventures and Insight Venture Partners to fund the transaction, which also included debt and shares. Together, Privalia is forecasting that they will achieve triple-digit revenue growth this year to around 400 million euros. In December, eBay purchased Germany-based brands4friends for $200 million.