Amount$150M
Post-money valuation$2.6B
SeriesSeries D
AnnouncedMay 24, 2022
SectorData Management
Sub-sectorData Processing
RegionUSA
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series D round.
Syndicate size
Healthy syndicate of 6 investors.
Insider conviction
4 existing investors re-upped — insiders doubling down.
Investor track record
Mostly newer or unproven managers.
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 distribution73th pct
smaller Series D roundslarger
Post-money valuation70th pct
$65Mthis round: $2.6B$6B
