Amount$110M
Post-money valuation$550M
SeriesSeries A
AnnouncedFeb 14, 2019
SectorTelecommunications, Network, Cloud
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Series A round (10.0× the median) — an outlier.
Syndicate size
Party round (13 investors) — diffuse ownership and signal.
Insider conviction
6 existing investors re-upped — insiders doubling down.
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 A rounds (995)
Round size distribution97th pct
smaller Series A roundslarger
Post-money valuation79th pct
$12Mthis round: $550M$1B
vs. Telecommunications, Network, Cloud (4)
Round size in sector50th pct
$7Mthis round: $110M$262M
