Total amount raised
$36 Millions
Latest funding date
03/01/2024
Location
Harness Wealth has successfully raised $17 million in a recent Series A funding round, supported by 25 investors including Jackson Square Ventures and Ori Allon. The platform offers tailored tax and financial advisory services, connecting users with advisors experienced in areas like company equity, small business, and crypto.
Keep reading to explore the intricacies of Harness Wealth's fundraising journey and the investors backing this innovative platform.
What Is Harness Wealth?
Founded in 2018, Harness Wealth is a New York-based company specializing in financial and tax advisory services. The platform connects users with experienced advisors in areas such as company equity, small business, and cryptocurrency.
Co-founded by Catherine Prentke English, David Snider, and Drew Schwartz, the company employs between 11 and 50 people. Harness Wealth offers a comprehensive wealth management solution, combining innovative technology with top-tier advisory firms to provide personalized financial advice.
How Much Funding Has Harness Wealth Raised?
- Seed Round
- Amount Raised: $4M
- 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: $15M
- Date: June 2021
- Lead Investors: Jackson Square Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the advisor marketplace and enhance digital tools for wealth management.
- Series A Extension
- Amount Raised: $17M
- Date: March 2024
- Lead Investors: Three Fish Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth in tax planning services and further develop the company's digital tools.
Total Amount Raised: $36M. Current Valuation: Not publicly disclosed.
Key Investors
- Jackson Square Ventures
- Details: Jackson Square Ventures is a venture capital firm based in San Francisco, California. They focus on early-stage investments in technology companies.
- Investment Focus Areas: SaaS, FinTech, Marketplaces
- 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, including Compass and Urban Compass.
- Investment Focus Areas: Real Estate, Technology, Startups
- 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 Products
- Notable Investments: Not publicly disclosed
What's Next for Harness Wealth?
Harness Wealth is poised to capitalize on the growing demand for personalized financial and tax advisory services. With the recent expansion into tax advisory, the company is well-positioned to attract a broader client base, including those with complex financial needs. This expansion presents a significant opportunity for growth, especially as more individuals and businesses seek expert guidance in navigating the evolving financial landscape.
Future fundraising efforts are likely to focus on enhancing the platform's digital tools and expanding its advisor marketplace. Given the increasing importance of compliance and regulatory monitoring, Harness Wealth may also explore strategic partnerships or acquisitions to integrate advanced AI and data management technologies. However, the company will need to address challenges such as ensuring data security and maintaining scalability as it grows.
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