£29m funding allows business data firm Harbr to triple in size

Posted on November 17, 2020 by Alistair Hardaker

Enterprise data exchange firm Harbr has raised £29.1m ($38.5m) to  scale its team and  onboard new enterprise customers.

Its platform can break down data silos by onboarding any type of structured or unstructured data, which it processes, allowing for sharing and collaboration internally and externally.

After doubling in size in 2020, the company plans to triple its employees in 2021.

Headquartered in London, the firm said customer growth, sales and marketing will be centered in the US, while the UK remains the hub for engineering and R&D investment.

The Series A investment round was co-led by new investors Dawn Capital and Tiger Global Management.

Previous investors Mike Chalfen, Boldstart Ventures, Crane Venture Partners, Backed and Seedcamp also participated, as did UiPath founder and CEO, Daniel Dines, and head of strategy, Brandon Deer.

This new funding increases Harbr’s total investment to date to more than $50m.

Gary Butler, CEO and co-founder, Harbr said: “Despite significant investments in data-focused technologies and teams over the last decade, most enterprises are still unable to deliver targeted outcomes from data in a timely and scalable manner.

“The secure data sharing and collaboration capabilities of Harbr’s enterprise data exchange platform fast-track those outcomes.”

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