Dawn, Tiger Global lead $38.5m series-A in Harbr

Katharine Hidalgo
17 November 2020

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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).