Amount$200M
Post-money valuation$3.2B
SeriesSeries D
AnnouncedMar 9, 2021
SectorInsurance Eligibility & Benefits Verification
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Series D round (2.5×).
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
2 existing investors re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record 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 distribution81th pct
smaller Series D roundslarger
Post-money valuation78th pct
$65Mthis round: $3.2B$6B
vs. Insurance Eligibility & Benefits Verification (33)
Round size in sector94th pct
$15Kthis round: $200M$155M
