• Round size vs peers

  Larger than the typical Series C round (2.9×).

• Syndicate size

  Healthy syndicate of 6 investors.

• Insider conviction

  All-new money, no prior investors re-upped.

• Investor track record

  A mix of established and emerging investors.

• Valuation step-up

  Healthy 3.2× valuation step-up.

Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.