Amount$156M
Post-money valuation$1.3B
SeriesSeries C
AnnouncedApr 21, 2021
SectorPayroll, Fintech, Payments, Remote, Enterprise, HR
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Series C round (3.5×).
Syndicate size
7 investors on the cap table.
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 distribution90th pct
smaller Series C roundslarger
Post-money valuation67th pct
$29Mthis round: $1.3B$3B
vs. Payroll, Fintech, Payments, Remote, Enterprise, HR (5)
Round size in sector80th pct
$14Mthis round: $156M$156M
