Amount$3M
SeriesGrant (prize money)
AnnouncedDec 29, 2003
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Grant (prize money) round (9.6× the median) — an outlier.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Grant (prize money) rounds (49)
Round size distribution69th pct
smaller Grant (prize money) roundslarger
