Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Series F round (11.5× the median) — an outlier.
Syndicate size
7 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. Series F rounds (255)
Round size distribution96th pct
smaller Series F roundslarger
Post-money valuation92th pct
$200Mthis round: $14B$15B
