Amount$70M
Post-money valuation$2.5B
SeriesSeries D
AnnouncedMay 20, 2019
SectorDesign
RegionAustralia
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series D round.
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
3 existing investors 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. Series D rounds (1,000)
Round size distribution43th pct
smaller Series D roundslarger
Post-money valuation69th pct
$65Mthis round: $2.5B$6B
