Amount$120M
Post-money valuation$1.2B
SeriesSecondary Transaction
AnnouncedJun 18, 2024
Valuation step-up1.1×
Time since last round1635 mo
SectorFintech, Insurance, Pricing, Analytics, Optimization, Price Optimization
Sub-sectorMachine Learning, Deep Learning, Natural Language Processing
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Secondary Transaction round.
Syndicate size
2 investors on the cap table.
Insider conviction
2 existing investors re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record investors.
Valuation step-up
1.1× valuation step-up.
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 distribution81th pct
smaller Secondary Transaction roundslarger
Post-money valuation35th pct
$33Mthis round: $1.2B$2.6B
vs. Fintech, Insurance, Pricing, Analytics, Optimization, Price Optimization (5)
Round size in sector100th pct
$3Mthis round: $120M$120M
