Amount$200M
SeriesSeries D
AnnouncedJul 24, 2019
SectorEnterprise, HR, Payroll, SMB
Solid
A solid round with healthy fundamentals.
Round size vs peers
Larger than the typical Series D round (2.5×).
Syndicate size
2 investors on the cap table.
Insider conviction
All-new money — no prior investors re-upped.
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 D rounds (1,000)
Round size distribution81th pct
smaller Series D roundslarger
vs. Enterprise, HR, Payroll, SMB (7)
Round size in sector100th pct
$6Mthis round: $200M$200M
