Highland Capital launches $300M consumer VC fund
Highland Capital Partners, a venture capital firm based in Lexington, Mass. and Menlo Park, Calif., said it has raised $300 million for a new fund to invest in companies focused on “consumers.”
The firm said partners Tom Stemberg and Ted Philip will lead the new fund as managing general partners, and that it will be based in Lexington.
Stemberg co-founded Staples in 1986, a company that expanded its office products and supplies stories rapidly. He joined the firm in 2005, and sits on the boards of CarMax, lululemon athletica, PETsMART and The NASDAQ Stock Market.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.












