Amount$19M
Post-money valuation$424M
SeriesSeries D
AnnouncedAug 1, 2019
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far below the typical Series D round — well under the median.
Syndicate size
Single investor — limited external validation.
Insider conviction
1 existing investor 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 D rounds (1,000)
Round size distribution8th pct
smaller Series D roundslarger
Post-money valuation8th pct
$65Mthis round: $424M$6B
