Funding round
Harness Series A
Harness, which works in software delivery platform development in San Francisco, raised $20M in a Series A round announced on 24 Oct 2017, led by Menlo Ventures and BIG Labs. 2 firms took part. It is Harness' first venture round on record.
$20M
Amount raised
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
Harness did not disclose a valuation in this round. It is Harness' first venture round on record, in the year it was founded (2017). It is 2.7% of the $730M Harness has raised in the venture rounds on record. Harness raised again 18 months later: a Series B round of $60M in Apr 2019, at $500M post-money.
Harness' funding rounds
Harness has 6 venture rounds on record. This one is highlighted.
- Series A this round 24 Oct 2017, led by Menlo Ventures and BIG Labs $20M
- Series B 23 Apr 2019, led by Institutional Venture Partners, GV and ServiceNow Ventures $60M$500M post-money
- Series C 14 Jan 2021, led by Alkeon $85M$1.70B post-money
- Series D 26 Apr 2022, led by Norwest $175M$3.70B post-money
- Growth 14 May 2024 $150M
- Series E 11 Dec 2025, led by Goldman Sachs $240M$5.50B post-money
Investors
Who put money in
Menlo Ventures and BIG Labs led the round.
Lead investors
- Menlo Ventures backs 215 venture-backed companies new investor
- BIG Labs new investor
Comparable rounds
How it compares
689 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $7.5M, and this round was 2.7 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 5 Oct 2017 | $26M | not disclosed | Columbia Equity Partners |
| Tech Companies | 24 Oct 2017 | $20M | $54M | not named |
| Tech Companies | 6 Oct 2017 | $20M | not disclosed | Redpoint Ventures |
| Tech Companies | 19 Oct 2017 | $18M | not disclosed | Balderton Capital |
| Tech Companies | 24 Oct 2017 | $15M | not disclosed | Volition Capital |
| Tech Companies | 1 Oct 2017 | $15M | not disclosed | not named |
| Tech Companies | 12 Oct 2017 | $15M | not disclosed | Northzone |
| Tech Companies | 12 Oct 2017 | $13M | not disclosed | Qiming Venture Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Harness raise in its Series A round?
Harness raised $20M in its Series A round, announced in Oct 2017.
Who led Harness' Series A round?
Menlo Ventures and BIG Labs led it.
What was Harness' valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
689 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $7.5M, and this round was 2.7 times the median.
Did Harness raise again after this round?
Yes: a Series B round in Apr 2019 of $60M at $500M post-money.