Dawn, Tiger Global lead $38.5m series-A in Harbr
Dawn Capital and Tiger Global Management have led a $38.5m series-A funding round for enterprise data exchange company Harbr.
Dawn Capital is currently investing from its fourth-generation fund, which closed on $400m in July 2020. The fund targets initial investments of $5-20m, aiming to make 20 investments in total during a three-and-a-half-year investment period. This is the fund’s second investment.
Tiger Global is currently investing from its 12th-generation fund, which closed on $3.75bn in January 2020.
The two lead investors are both new investors in the company, while previous investors Mike Chalfen, Boldstart Ventures, Crane Venture Partners, Backed VC and Seedcamp also participated, as did UiPath founder and CEO, Daniel Dines, and head of strategy, Brandon Deer.
Harbr will use this new investment to scale its team so it can onboard new enterprise customers at an accelerated rate, with plans to triple its headcount in 2021, according to a statement. Customer growth, sales and marketing will be centered in the US, while the UK will remain the hub for engineering and research and development investment.
The company has experienced a rapid increase in demand for its enterprise data exchange platform due to the effects of Covid-19, according to a statement.
Previous funding
In February 2018, Crane Venture Partners and Acequia Capital led a £2m funding round for the company, with participation from Seedcamp, Backed VC and a number of angel investors.
Mike Chalfen, an angel investor, led the company’s May 2019 £3.2m funding round, which saw participation from Boldstart Ventures, Backed VC, Crane Venture Partners and Seedcamp.
In June 2020, Chalfen led a $6.1m round, with participation from Boldstart Ventures, Backed VC, Crane Venture Partners and Seedcamp, as well as new investor Ridgeline Partners.
Company
Based in London and founded in 2017, Harbr offers an enterprise data exchange platform.
People
Dawn Capital - Evgenia Plotnikova (partner).
More on Expansion
Blackstone takes minority stake in Groupe Premium
Deal values French wealth manager at EUR 1.15bn after earlier full exit attempt saw Eurazeo target EUR 1.5bn
e-Attestations aims to triple size with new Keensight backing
Keensight is investing in the risk management platform via its EUR 1bn fifth fund, which closed in 2019
The Bolt-Ons Digest - 3 July 2023
Unquote’s selection of the latest add-ons with Palatine's Anthesis, Nordic Capital's Regnology, Waterland's Janssen and more
GP Profile: Limerston Capital anticipates higher volume but more complex M&A as market steadies
UK-based GP is seeing dealflow driven by carve-outs and buy-and-build in a market where organic multiple arbitrage is no longer a given
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater