Amount$25M
SeriesSeries C
AnnouncedSep 13, 2016
SectorEnterprise, Information Technology (IT), Storage, Cloud
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series C 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 C rounds (999)
Round size distribution25th pct
smaller Series C roundslarger
vs. Enterprise, Information Technology (IT), Storage, Cloud (4)
Round size in sector50th pct
$20Mthis round: $25M$30M
