Amount$70M
Post-money valuation$410M
SeriesSeries B
AnnouncedApr 12, 2022
SectorCrypto, DeFi, Blockchain, Transactions
Solid
A solid round with healthy fundamentals.
Round size vs peers
Larger than the typical Series B round (2.5×).
Syndicate size
7 investors on the cap table.
Insider conviction
3 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 distribution80th pct
smaller Series B roundslarger
Post-money valuation31th pct
$35Mthis round: $410M$2.6B
vs. Crypto, DeFi, Blockchain, Transactions (6)
Round size in sector100th pct
$2Mthis round: $70M$10M
