Amount$8M
SeriesEquity Funding
AnnouncedOct 21, 2020
SectorEnergy
Sub-sectorMachine Learning
RegionUSA
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far below the typical Equity Funding round — well under the median.
Syndicate size
Single investor — limited external validation.
Insider conviction
1 existing investor re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Equity Funding rounds (9)
Round size distribution22th pct
smaller Equity Funding roundslarger
