Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Public Offering round (5.0× the median) — an outlier.
Syndicate size
2 investors on the cap table.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
Mostly newer or unproven managers.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Public Offering rounds (30)
Round size distribution90th pct
smaller Public Offering roundslarger
