Amount$900K
SeriesConvertible Note
AnnouncedMar 27, 2015
Time since last round379 mo
SectorFintech, Payments
Sub-sectorMachine Learning, Natural Language Processing
Solid
A solid round with healthy fundamentals.
Round size vs peers
Smaller than 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 distribution18th pct
smaller Convertible Note roundslarger
vs. Fintech, Payments (11)
Round size in sector9th pct
$900Kthis round: $900K$40M
