Highland in $30m internet security deal

The US-based venture firm is currently investing its $400m Highland Capital IX

Highland Capital Partners, a US-headquartered early stage technology investor, has invested $30 million in Malwarebytes, an internet security provider.

The new financing will be used to accelerate the global expansion of Malwarebytes’ security technologies, which stop sophisticated threats that defeat traditional endpoint security products.

Highland sees positive growth opportunities for the business as the danger to consumers and enterprises from advanced malware that bypasses traditional security products continues to grow, the firm said.

“With over 60 million quarterly active users, Malwarebytes already has significant market penetration. We look forward to helping the company build on this user-base and continue developing innovative products which address the growing demands of today’s advanced threat landscape,” Jeremiah Daly, a partner at Highland Capital Partners said in a statement.

Highland is currently investing its Highland Capital IX, a $400 million 2013-vintage, which it raised last year. The New York State Teachers' Retirement System and the Texas County and District Retirement System are among the LPs in that fund.

The firm, which has offices in Cambridge, Menlo Park and Shanghai, was ranked on no. 269 in this year’s PEI 300.