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Harness Wealth Raises $15 Million Series A to Bring Holistic Financial Advice to Tech, Leading with Taxes

With exceptional early growth supported by a boom of IPOs and SPACs, Harness Wealth announces a new round of investment to help expand access to financial and tax advice. 

New York, NY — June 28, 2021: Harness Wealth, a New York City-based fintech startup serving the next generation of equity builders, announced today that they have raised a $15M Series A round. 

The Series A round is led by Jackson Square Ventures. Additional investments came from both new and existing investors from its Seed round, including Bain Capital, GingerBread Capital, FJ Labs, i2BF, NFP Ventures, Torch Capital, Activant, First Minute Capital, Liquid2 Ventures, Alleycorp, Marc Benioff (Founder, Chair, and CEO of Salesforce), Paul Edgerley (Former Co-Head of Bain Capital Private Equity), and Ori Allon (Founder of Compass). 

Harness Wealth launched in 2018 and its clients include employees, founders, and investors of major tech companies at every size, from early stage startups to post-IPO companies. Employees at companies including Coinbase, UiPath, Paypal, Snowflake, Doordash, and Amazon, as well as partners at leading VC firms use Harness Wealth’s equity-focused personal finance tools and advisory firm marketplace to receive financial, tax, and trust & estate advice.

“Next-generation wealth is being driven by equity, and the complexities created by that are leaving clients without the right product that accounts for all of their needs. Harness Wealth is building a holistic wealth solution for those facing equity decisions through a tax-driven, multi-vertical data platform,” says Founder and CEO, David Snider. “With 6x quarter-over-quarter new client growth, we’re thrilled to see that our client base is finding our solution valuable.”

Harness Wealth, with expertise from in-house Harness Tax, plans on building more tools and services to guide clients on how best to move forward with decisions that have major tax consequences. Many Harness Wealth clients are juggling multiple decisions across equity liquidity events, real estate, cryptocurrency, etc. Often, the most stressful and expensive consideration that comes into play with these decisions is the tax component, which can be time-sensitive and often dictate the overall financial planning strategy. 

“The incredible technology innovation we are seeing in other parts of fintech has yet to adequately connect the worlds of tax and financial advisory for pre-wealth clients. Harness Wealth’s platform transforms this experience and is the right approach to a massive market opportunity,” says Greg Gretsch, Managing Director and Co-founder of Jackson Square Ventures. “We’re thrilled to support an experienced, ambitious team that is delivering great outcomes for their clients.”

About Harness Wealth

Harness Wealth is the next generation wealth management solution created for builders – individuals founding, scaling, and investing in businesses. It is a holistic wealth platform that seeks to make bespoke financial advice accessible, intuitive, and valuable through a combination of innovative technology and exceptional advisory firms.

About Jackson Square Ventures

Jackson Square Ventures invests in early stage software businesses that will be leaders in markets that matter in 10 years. Its portfolio includes DocuSign, Upwork, Strava, Cornershop, Jackbox Games, Equallogic, Seismic, and Responsys.

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