Amount$2M
SeriesConvertible Note
AnnouncedSep 22, 2014
Time since last round379 mo
SectorFintech, Payments
Sub-sectorMachine Learning, Natural Language Processing
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Convertible Note round.
Syndicate size
Single investor — limited external validation.
Insider conviction
1 existing investor re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record investors.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Convertible Note rounds (55)
Round size distribution29th pct
smaller Convertible Note roundslarger
vs. Fintech, Payments (11)
Round size in sector18th pct
$900Kthis round: $2M$40M
