Amount$350M
Post-money valuation$3.5B
SeriesSeries B
AnnouncedNov 24, 2021
SectorBlockchain, NFT, Crypto
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Series B round (12.5× the median) — an outlier.
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 distribution99th pct
smaller Series B roundslarger
Post-money valuation96th pct
$35Mthis round: $3.5B$2.6B
vs. Blockchain, NFT, Crypto (6)
Round size in sector83th pct
$19Mthis round: $350M$400M
