Amount$20M
Post-money valuation$125M
SeriesSeries A
AnnouncedFeb 19, 2014
SectorEnterprise, HR, Payroll, SMB
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series A round.
Syndicate size
Healthy syndicate of 4 investors.
Insider conviction
2 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series A rounds (995)
Round size distribution71th pct
smaller Series A roundslarger
Post-money valuation39th pct
$12Mthis round: $125M$1B
vs. Enterprise, HR, Payroll, SMB (7)
Round size in sector29th pct
$6Mthis round: $20M$200M
