Amount$350M
Post-money valuation$1.3B
SeriesSeries B
AnnouncedJan 24, 2010
SectorBattery, Electric Vehicle (EV), Charging
Solid
A solid round with healthy fundamentals.
Round size vs peers
Far above the typical Series B round (12.5× the median) — an outlier.
Syndicate size
Healthy syndicate of 6 investors.
Insider conviction
5 existing investors re-upped — insiders doubling down.
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 B rounds (996)
Round size distribution99th pct
smaller Series B roundslarger
Post-money valuation76th pct
$35Mthis round: $1.3B$2.6B
vs. Battery, Electric Vehicle (EV), Charging (5)
Round size in sector100th pct
$50Mthis round: $350M$350M
Better Place Series B — Better Place