Amount$40M
Post-money valuation$250M
SeriesSeries C
AnnouncedJan 1, 2020
SectorAccounting Automation
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series C round.
Syndicate size
Single investor — limited external validation.
Insider conviction
1 existing investor 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 C rounds (999)
Round size distribution43th pct
smaller Series C roundslarger
Post-money valuation10th pct
$29Mthis round: $250M$3B
vs. Accounting Automation (24)
Round size in sector88th pct
$50Kthis round: $40M$40M
