Amount$13M
SeriesSeries B
AnnouncedApr 13, 2016
SectorEnterprise, Information Technology (IT)
Solid
A solid round with healthy fundamentals.
Round size vs peers
Smaller than the typical Series B round.
Syndicate size
Single investor — limited external validation.
Insider conviction
1 existing investor 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 B rounds (996)
Round size distribution18th pct
smaller Series B roundslarger
vs. Enterprise, Information Technology (IT) (17)
Round size in sector82th pct
$1Mthis round: $13M$23M
