Amount$540M
AnnouncedJan 26, 2024
Valuation step-up1176.5×
Time since last round340 mo
Solid
A solid round with healthy fundamentals.
Syndicate size
Healthy syndicate of 5 investors.
Insider conviction
2 existing investors re-upped — insiders doubling down.
Investor track record
Mostly newer or unproven managers.
Valuation step-up
Aggressive 1176.5× 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.
