Amount$50M
Post-money valuation$12B
SeriesSeries E
AnnouncedMay 11, 2022
SectorPayroll, Fintech, Payments, Remote, Enterprise, HR
Strong
A strong, well-structured round.
Round size vs peers
Smaller than the typical Series E round.
Syndicate size
Healthy syndicate of 4 investors.
Insider conviction
3 existing investors 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 E rounds (478)
Round size distribution19th pct
smaller Series E roundslarger
Post-money valuation95th pct
$103Mthis round: $12B$10.2B
vs. Payroll, Fintech, Payments, Remote, Enterprise, HR (5)
Round size in sector60th pct
$14Mthis round: $50M$156M
