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WeTransfer

From Wikipedia, the free encyclopedia
Cloud-based file transfer service
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WeTransfer B.V.
Company typePrivate
IndustrySoftware
Founded2009; 16 years ago (2009)
Founders
  • Rinke Visser
  • Bas Beerens
  • Ronald Hans
Headquarters
Amsterdam, Netherlands
Area served
Worldwide
Key people
ServicesSaaS
Revenue€72m (2021)[1]
OwnerBending Spoons
Number of employees
350+ (2024)[2]
Websitewetransfer.com/index/

WeTransfer B.V. is a Dutch Internet-based computer file transfer service company that was founded in 2009 and based inAmsterdam.[3] In 2024, the company was acquired byBending Spoons.[4]

History

[edit]

Early history

[edit]

WeTransfer was founded in 2009 by Rinke Visser, Bas Beerens and Ronald Hans (Nalden) inAmsterdam, theNetherlands.[5][3] It was created to enable the sharing of large files (up to 2 GB) free of charge.[6]

In 2012, WeTransfer implemented a re-design and introduced a paid-for 'Plus' tier with support for larger file transfers.[6][7]

In 2014, WeTransfer launched "creative-class.tv", an ongoing video series. The company initiated its first bursaries that year through a collaborative partnership withCentral Saint Martins.[8] These scholarships supported two students from around the globe in their full-time studies.

In 2015, WeTransfer raised aUS$25 million Series A funding round from Highland Capital Partners Europe.[9] They also added venture capitalistTroy Carter to its board.[10][11]

2016–2022

[edit]

In 2016, WeTransfer announced the acquisition of digital design studio Present Plus,[12] established in 2010 byDamian Bradfield and WeTransfer co-founder Nalden.[12] In September, WeTransfer opened its first office in theUnited States atVenice Beach,Los Angeles.[13]

In early 2017, Gordon Willoughby became the company's Chief Executive Officer, taking over from Bas Beerens, who became Executive Chairman.[14]

In January 2018, WeTransfer launched a content arm called "WePresent".[15] In August, WeTransfer acquired app developerFiftyThree, who owned sketching appPaper and collaborative presentation appPaste.[16] In October, WeTransfer relaunched its mobile app under the name "Collect by WeTransfer".[17][18]

In June 2019, WeTransfer experienced a security incident in which files were "sent to the wrong people".[19] In August, the company closed a €35 million secondary funding round led by HPE Growth.[20]

In May 2020,India banned WeTransfer, citing security reasons.[21] In June, the company became a certifiedB Corporation.[22]

In February 2021, WeTransfer claimed to have achieved carbon-neutral certification, having pledged the previous year to reduce emissions by 30% by 2025.[23] In March, the 2020 short film "The Long Goodbye" byAneil Karia andRiz Ahmed commissioned by WeTransfer through WePresent won the2022 Academy Award for Best Live Action Short Film.[24] In April, the company launched a charitable arm known as "Supporting Act", focused on helping emerging creative talent, pledging to donate 1% of revenues from 2022 onwards.[25] In October, WeTransfer announced sales in 2020 of €65m.[26]

In April 2021, Reuters reported that the WeTransfer logos and likeness were used in high-profile phishing scams.[27]

In January 2022, WeTransfer planned for anIPO for a valuation of up to $800 million but ended up canceling the offering shortly before listing citing marketvolatility.[28]

In 2022, Alexandar Vassilev took over as the company's Chief Executive Officer.[29]

In May 2023, WeTransfer announced it reduced 78% of server emissions as part of its environmental commitments.[30]

Sale to Bending Spoons

[edit]

In July 2024 Italian technology companyBending Spoons announced that it would acquire WeTransfer.[31]

In early September 2024, Bending Spoons' CEO Luca Ferrari announced that WeTransfer would be having layoffs, with 'up to 3/4 of the jobs' likely to be cut.[2][32]

Leadership

[edit]

Bas Beerens founded the file-sharing platform WeTransfer[33] with Nalden (Ronald Hans) andRinke Visser in 2009.[34]

Damian Bradfield joined the company as a "founding shareholder" in 2010.[35] Bradfield is currently WeTransfer's Chief Creative Officer.

Chief Executive Gordon Willoughby joined WeTransfer in January 2017.[36] He announced his departure from the company in May 2022 and was replaced by former Chief Technology Officer Alexandar Vassilev.[37]

Chief Financial Officer Melissa Nussbaum joined WeTransfer fromKing in September 2020.[38]

Martha Lane Fox joined WeTransfer as chair in July 2020.[39]

Technology

[edit]

WeTransfer is based onAmazon's infrastructure and technology. It usesAmazon S3 for storage and for sending files.[40]

Services

[edit]

WeTransfer offers a free, limited service, and a paid option called "Pro" where users can send and store more data.[41][42]

Revenue model

[edit]

WeTransfer has a dual revenue model split between advertising and premium ("pro") subscriptions.[43]

WeTransfer displays full-screen advertisements while transferring[44] instead of banner ads.[45] The company donated 30% of the advertising inventory to creatives and charitable causes.[46]

See also

[edit]

References

[edit]
  1. ^"WeTransfer owner seeks Amsterdam IPO, plans $182 mln share issue".Reuters. 2022-01-12. Retrieved2022-05-30.
  2. ^ab"FD: nieuwe eigenaar van WeTransfer schrapt driekwart van personeel".Tweakers (in Dutch). Retrieved2024-09-06.
  3. ^abEva Oude Elferink (2013-10-21)."Nalden: 'Door het design van WeTransfer durven mensen het te gebruiken'".De Volkskrant (in Dutch). Retrieved2013-10-28.
  4. ^Bergen,Bloomberg, Mark."WeTransfer acquired by Bending Spoons, the Italian software powerhouse behind Evernote and Meetup".Fortune Europe. Archived fromthe original on 2024-08-22. Retrieved2024-09-06.
  5. ^Zeven, Martijn (3 June 2021)."Nederlands WeTransfer mikt op beurswaardering van €1 miljard" [Dutch WeTransfer aims for €1 billion market valuation].Quote (in Dutch).ISSN 0920-8275.
  6. ^ab"WeTransfer".wetransfer.com. Retrieved27 June 2017.
  7. ^"WeTransfer: The Internet's Cleanest and Simplest File Sharing Drops a New Beta Version".HYPEBEAST. 2012-09-21. Archived fromthe original on 2022-05-30. Retrieved2022-05-30.
  8. ^"MA Material Futures Announces New Bursaries".Central Saint Martins. 28 January 2019. Retrieved22 June 2020.
  9. ^"Dutch startup WeTransfer just raised $25 million to expand into the US".Business Insider. Archived fromthe original on 2024-02-29. Retrieved2023-06-07.
  10. ^"Troy Carter Joins The Board Of WeTransfer".Fast Company. 9 November 2015. Archived fromthe original on 2022-07-01. Retrieved27 June 2017.
  11. ^Lunden, Ingrid (17 February 2015)."WeTransfer, Funky Dutch Cousin Of Dropbox And Box, Gets $25M To Go Large In The U.S." TechCrunch. Archived fromthe original on 2024-08-04. Retrieved27 June 2017.
  12. ^abLunden, Ingrid."Dropbox rival WeTransfer acquires Present Plus to boost product and design teams".Techcrunch. Retrieved27 June 2017.
  13. ^Kissel, Chris (3 October 2016)."How to Make Your Tech Company Cool: Throw a Party With Kamasi Washington".LA Weekly. Retrieved27 June 2017.
  14. ^Lunden, Ingrid (15 December 2016)."WeTransfer's founder leaves CEO role, ex-Amazon exec steps in for commercial push".TechCrunch. Retrieved27 June 2017.
  15. ^Kiefer, Brittaney (December 13, 2021)."WeTransfer's Creative Work Has Qualified for the Oscars".Adweek. Retrieved2022-03-03.
  16. ^"WeTransfer buys creative apps Paper and Paste from FiftyThree".The Verge. Retrieved2018-08-21.
  17. ^Hardwick, Tim (October 30, 2018)."WeTransfer Relaunches Mobile File-Sharing App as 'Collect'". Mac Rumors. Retrieved2 November 2018.
  18. ^Lucic, Kristijan (October 29, 2018)."WeTransfer App Gets Rebranded To 'Collect by WeTransfer'". Android Headlines. Retrieved2 November 2018.
  19. ^"WeTransfer Security Incident Sent Files to the Wrong People".BleepingComputer. Archived fromthe original on 2020-11-12. Retrieved2022-05-30.
  20. ^O'Hear, Steve (19 August 2019)."HPE Growth backs WeTransfer in €35M secondary funding round".TechCrunch. Retrieved2020-07-20.
  21. ^"WeTransfer 'Partially' Blocked in India, Company Says".NDTV Gadgets 360. 31 May 2020. Retrieved2022-03-03.
  22. ^Aziz, Afdhel."WeTransfer Announces It Is Becoming A B-Corp".Forbes. Retrieved2020-07-20.
  23. ^"WeTransfer turns to offsets to achieve carbon-neutral certification".edie.net. Retrieved2022-01-06.
  24. ^"Riz Ahmed wins Oscar for The Long Goodbye".the Guardian. 2022-03-27. Retrieved2022-07-26.
  25. ^Tait, Simon (22 April 2021)."WeTransfer sets up foundation to train future creatives".artsindustry.co.uk. Retrieved2022-01-06.
  26. ^"WeTransfer Sales Jump to $76 Million in 2020 Before Possible IPO".Bloomberg.com. Bloomberg L.P. 25 October 2021. Retrieved2022-01-06.
  27. ^Browne, Ryan (2021-04-24)."Fake 'WeTransfer' file download steals Aussies' personal details". Yahoo. Retrieved2023-01-03.
  28. ^Browne, Ryan (2022-01-27)."The stock market is so volatile that one European tech firm has canceled its IPO". CNBC. Retrieved2022-05-30.
  29. ^Levingston, Ivan (2022-05-03)."WeTransfer Boss Willoughby to Exit, CTO Vassilev to Succeed".Bloomberg News.
  30. ^"Tech tackles carbon: WeTransfer and Apple confirm emissions cuts, TikTok moves to tackle climate misinformation".www.businessgreen.com. 2023-04-21. Retrieved2023-05-02.
  31. ^Pollina, Elvira (31 July 2024). Weir, Keith (ed.)."Italy's Bending Spoons buys file sharing service WeTransfer". Reuters. Retrieved31 July 2024.
  32. ^Mehta, Ivan (2024-09-08)."Bending Spoons plans to lay off 75% of WeTransfer staff after acquisition".TechCrunch. Archived fromthe original on 2024-09-09. Retrieved2024-09-09.
  33. ^Send large files to clients with these 11 free tools oncreativebloq.com. Retrieved 16 July 2018
  34. ^Gratis en eenvoudig grote bestanden te delen met WeTransfer oneenmanierom.nl. Retrieved 16 July 2018
  35. ^Holmes, Barry J. (24 June 2018)."Damian Bradfield — the WeTransfer boss who ships 1bn files a month".The Sunday Times. Retrieved26 November 2019.
  36. ^"File-sending scaleup WeTransfer CEO Gordon Willoughby on becoming a B Corp: 'It fits our purpose'". 2020-06-10. Retrieved2022-02-28.
  37. ^"WeTransfer Boss Willoughby to Exit, CTO Vassilev to Succeed". Bloomberg L.P. 2022-05-03. Retrieved2022-05-30.
  38. ^Trentmann, Nina (2020-09-24)."File-Sharing Company WeTransfer Names First CFO".The Wall Street Journal.ISSN 0099-9660. Retrieved2022-03-03.
  39. ^Aziz, Afdhel."WeTransfer Announces It Is Becoming A B-Corp".Forbes. Retrieved2022-02-28.
  40. ^"AWS Case Study: WeTransfer".Amazon Web Services, Inc. Retrieved2019-05-22.
  41. ^"Controlling the cloud: how to make the most of your online storage".The Irish Times. Retrieved2022-05-31.
  42. ^"How to share huge files online".Popular Science. 2022-03-26. Retrieved2022-05-31.
  43. ^"WeTransfer Case Study".Amazon Web Services, Inc. Retrieved2022-05-30.
  44. ^"Behance".behance.net. April 2011. Retrieved27 June 2017.
  45. ^"How The Cofounder Of WeTransfer Went From Blog To Startup".Fast Company. 13 February 2014. Retrieved27 June 2017.
  46. ^Budds, Diana (2017-10-12)."WeTransfer's Plan To Disrupt The Creative Process".Fast Company. Retrieved2022-03-02.
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