Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Convertible Note round (50.0× the median) — an outlier.
Syndicate size
Single investor — limited external validation.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
Backed by established, high-track-record investors.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Convertible Note rounds (55)
Round size distribution85th pct
smaller Convertible Note roundslarger
