Amount$125M
Post-money valuation$500M
SeriesSeries Unknown
AnnouncedAug 30, 2024
SectorHR SaaS
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Series Unknown round (6.4× 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. Series Unknown rounds (53)
Round size distribution75th pct
smaller Series Unknown roundslarger
Post-money valuation11th pct
$500Mthis round: $500M$33.3B
