WeTransfer operates a widely used file-transfer service alongside a suite of creative apps, including Collect, Paper, and Paste. Its core transfer service reaches 50 million users monthly across 195 countries and facilitates over 1.5 billion file transfers each month. Collect claims 4 million monthly users, Paper has had 25 million downloads, and Paste reports 40,000 active teams. The company uses a dual revenue model: a premium subscription (WeTransfer Plus) and full-screen advertising "wallpapers" produced in-house and sold to brands like Apple, Nike, Balenciaga, Adobe, Squarespace, and Saint Laurent. WeTransfer allocates up to 30% of its advertising inventory to support emerging creatives and social causes and says its ad performance outpaces IAB standards. It has been profitable for six years, employs 185 people (about 150 in Amsterdam and the rest in LA and New York), and has invested heavily in product development and acquisitions to broaden its product set. WeTransfer is a file-sharing platform launched in 2009 by Bas Beerens that provides free transfers up to 2GB and a paid WeTransfer Plus option for larger transfers and storage. The service reports 70 million users and replaces banner ads with curated wallpapers created by a community of artists, brands, and creators. The core product centers on simple, large-file transfers across web and mobile apps. The company plans to use new funding to innovate and develop its product portfolio and to build the brand further across the US, Europe and beyond. Leadership remains under CEO Bas Beerens, and the company emphasizes design and user experience as differentiators. The app is available on iOS and Android.

Total raised

$64M

Funding rounds

2

Latest round

Equity

Latest activity

Aug 2019