Amount$60M
SeriesSecondary Transaction
AnnouncedJul 17, 2024
SectorEnterprise, Information Technology (IT), Storage, Cloud
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Secondary Transaction 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. Secondary Transaction rounds (26)
Round size distribution38th pct
smaller Secondary Transaction roundslarger
vs. Enterprise, Information Technology (IT), Storage, Cloud (4)
Round size in sector100th pct
$20Mthis round: $60M$30M
