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New Deal


Announced

Completed

Alkeon Capital led an $85m Series C round in Harness.

Financials

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Transaction Value£62m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

Venture Capital

Domestic

United States

software developer

software platform

Private Equity

Friendly

Private

Acquisition

Completed

Minority

Single Bidder

Synopsis

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Alkeon Capital, a private equity firm, led an $85m Series C funding round in Harness, a platform for software delivery. Other investors include Battery Ventures, Citi Ventures, Norwest Venture Partners, Sorenson Capital, and Thomvest Ventures. "Our goal is to create an intelligent software delivery platform that allows every company in the world to become as good in software delivery as the likes of Google and Facebook. Our investors believe strongly in our vision of an end-to-end platform for software delivery, and we look forward to partnering with these leading investment firms as we build Harness into the next major software company," Jyoti Bansal, Harness Co-Founder and CEO.

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