Amount$140M
SeriesSeries C
AnnouncedJul 31, 2018
SectorEnterprise, HR, Payroll, SMB
Solid
A solid round with healthy fundamentals.
Round size vs peers
Larger than the typical Series C round (3.1×).
Syndicate size
Party round (9 investors) — diffuse ownership and signal.
Insider conviction
5 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 C rounds (999)
Round size distribution88th pct
smaller Series C roundslarger
vs. Enterprise, HR, Payroll, SMB (7)
Round size in sector71th pct
$6Mthis round: $140M$200M
