Total amount raised
$36 Million
Latest funding date
03/01/2024
Location
Harness Wealth has successfully raised funding over three rounds, with the latest being a Series A round. The company is backed by 25 investors, including Jackson Square Ventures and Ori Allon.
Keep reading to explore the intricacies of Harness Wealth's fundraising journey and the investors backing this innovative platform.
What Is Harness Wealth?
Harness Wealth is a private company based in New York, New York, United States. Founded by David Snider, the company operates in the consulting, financial services, fintech, and wealth management industries. It provides tailored tax and financial advisory services, connecting clients with advisors experienced in specific financial situations.
With an employee count ranging from 11 to 50, Harness Wealth offers a secure digital client portal, proactive email notifications, and centralized tax and financial document storage. The platform is designed to give the next generation of builders confidence in their best financial future.
How Much Funding Has Harness Wealth Raised?
- Seed Round
- Amount Raised: USD 4,000,000
- Date: December 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company's foundation and develop its initial product offerings.
- Series A
- Amount Raised: USD 15,000,000
- Date: June 2021
- Lead Investors: Jackson Square Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and scale operations.
- Series A Extension
- Amount Raised: USD 17,000,000
- Date: March 2024
- Lead Investors: Three Fish Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance the platform and expand into new markets.
Total Amount Raised: USD 36,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Jackson Square Ventures
- Details: Jackson Square Ventures is a venture capital firm that invests in early-stage technology companies. They focus on partnering with founders to build market-leading companies.
- Investment Focus Areas: Technology, SaaS, Fintech
- Notable Investments: DocuSign, Strava, Upwork
- Ori Allon
- Details: Ori Allon is an entrepreneur and investor known for his involvement in the tech industry. He has founded and sold multiple companies to major tech giants.
- Investment Focus Areas: Technology, Real Estate, AI
- Notable Investments: Compass, Urban Compass, Julpan
- Three Fish Capital
- Details: Three Fish Capital is a venture capital firm that invests in early-stage companies. They are known for their strategic support and industry expertise.
- Investment Focus Areas: Technology, Healthcare, Consumer Goods
- Notable Investments: Not publicly disclosed
What's Next for Harness Wealth?
Harness Wealth is poised to capitalize on the growing demand for intelligent financial advisory services. With the expansion into tax advisory, the company is well-positioned to tap into a broader market, offering tailored solutions that cater to diverse financial needs. This strategic move opens up significant opportunities for growth, particularly in industries that require sophisticated financial planning and compliance monitoring.
Future fundraising efforts are likely to focus on scaling the platform's capabilities and expanding its market reach. The recent Series A extension demonstrates investor confidence, paving the way for potential future rounds aimed at further innovation and market penetration. However, the company must navigate challenges such as integrating new technologies seamlessly and maintaining robust data security measures to ensure continued success.
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