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New Deal


Announced

Completed

Norwest Venture Partners led a $230m Series D round in Harness.

Financials

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Transaction Value£180m
Consideration TypeCash
Capital Owned-
Capital Bid For6%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Acquisition

Single Bidder

Venture Capital

Private Equity

Private

Friendly

Software

software platform

software developer

United States

Domestic

Minority

Synopsis

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Norwest Venture Partners, an American venture and growth equity investment firm, led a $230m Series D round in Harness, the modern software delivery platform company, with participation from JP Morgan, Capital One Ventures, Splunk Ventures, Adage Capital Partners, Balyasny Asset Management, Gaingels, Harmonic Growth Partners, ServiceNow, Menlo Ventures, IVP, Unusual Ventures, Citi Ventures, Battery Ventures, Alkeon Capital, GV, Sorenson Capital, Thomvest Ventures and Silicon Valley Bank. "Today's milestone funding round and Harness's rapidly rising valuation is only possible because of our incredible, delighted customers. In today's software-fueled economy, enterprises rely on their software development teams to innovate quickly. We will continue to provide developer teams with the complete software delivery solution they need to deliver innovative, secure software at scale while delivering the developer experience leading teams require," Jyoti Bansal, Harness CEO.

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