Amount$100M
Post-money valuation$2.1B
SeriesSeries C
AnnouncedAug 20, 2021
RegionNetherlands
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Larger than the typical Series C round (2.2×).
Syndicate size
Single investor — limited external validation.
Insider conviction
All-new money — no prior investors re-upped.
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 C rounds (999)
Round size distribution82th pct
smaller Series C roundslarger
Post-money valuation87th pct
$29Mthis round: $2.1B$3B
