Amount$10M
Post-money valuation$1B
SeriesCredit Facility
AnnouncedJan 1, 2025
Valuation step-up1000.0×
Time since last round143 mo
Solid
A solid round with healthy fundamentals.
Round size vs peers
Far below the typical Credit Facility round — well under the median.
Syndicate size
2 investors on the cap table.
Insider conviction
1 existing investor re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Valuation step-up
Aggressive 1000.0× valuation step-up — hard to grow into.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Credit Facility rounds (48)
Round size distribution17th pct
smaller Credit Facility roundslarger
