Norwest Venture Partners Leads $230 Million Series D For Harness

San Francisco – May 5, 2022 – Cooley advised Norwest Venture Partners, a venture and growth equity investment firm investing in early to late-stage businesses, as the lead investor in software delivery platform Harness’ $230 million Series D financing round, which brings the company’s valuation to $3.7 billion. Partner Danielle Naftulin led the Cooley team advising Norwest. 

In addition to Norwest, existing investors participating in the Series D round included ServiceNow, Menlo Ventures, IVP, Unusual Ventures, Citi Ventures, Battery Ventures, Alkeon Capital, GV (formerly Google Ventures), Sorenson Capital, Thomvest Ventures and Silicon Valley Bank, as well as new investors JP Morgan, Capital One Ventures, Splunk Ventures, Adage Capital Partners, Balyasny Asset Management, Gaingels and Harmonic Growth Partners. 

Harness will use the new funding to continue to grow its talent across the company and further expand its software delivery platform, which provides a simple, safe and secure way for engineering and DevOps teams to rapidly release applications into production.

Norwest manages more than $12.5 billion in capital and has invested in 650+ companies. The firm is currently partnered with more than 200 companies across a wide range of sectors in its venture and growth equity portfolio, investing in businesses with a focus on consumer, enterprise and healthcare.

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Related Contacts
Danielle Naftulin  Partner Palo Alto
Tara Capsuto  Associate San Francisco
Yichen Liu  Associate Palo Alto
Jaleel Chandler  Associate Palo Alto