Amount$28M
Post-money valuation$510M
SeriesSeries C
AnnouncedJul 27, 2023
SectorVertical SaaS
RegionCanada
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series C round.
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
2 existing investors 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 C rounds (999)
Round size distribution27th pct
smaller Series C roundslarger
Post-money valuation27th pct
$29Mthis round: $510M$3B
