Amount$133M
Post-money valuation$700M
SeriesSeries C
AnnouncedMar 18, 2021
SectorBlockchain, Cyber Security, Digital Assets, Crypto, Fintech
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Series C round (3.0×).
Syndicate size
Healthy syndicate of 5 investors.
Insider conviction
4 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 distribution87th pct
smaller Series C roundslarger
Post-money valuation35th pct
$29Mthis round: $700M$3B
vs. Blockchain, Cyber Security, Digital Assets, Crypto, Fintech (6)
Round size in sector67th pct
$4Mthis round: $133M$550M
