Amount$100M
AnnouncedDec 8, 2021
Valuation step-up0.9×
Time since last round1281 mo
Solid
A solid round with healthy fundamentals.
Syndicate size
Healthy syndicate of 4 investors.
Insider conviction
3 existing investors re-upped — insiders doubling down.
Investor track record
Mostly newer or unproven managers.
Valuation step-up
Down round (0.9× prior valuation).
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
