Amount$200M
Post-money valuation$350M
SeriesSeries A
AnnouncedApr 29, 2024
Weak
A weak or unusual round versus its peers.
Round size vs peers
Far above the typical Series A round (18.2× the median) — an outlier.
Syndicate size
Single investor — limited external validation.
Insider conviction
All-new money — no prior investors re-upped.
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 A rounds (995)
Round size distribution99th pct
smaller Series A roundslarger
Post-money valuation66th pct
$12Mthis round: $350M$1B
