Amount$140M
Post-money valuation$200M
SeriesSecondary Transaction
AnnouncedMar 17, 2021
SectorSoftware Development, Enterprise, Development, DevTools
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Secondary Transaction round.
Syndicate size
Single investor — limited external validation.
Insider conviction
1 existing investor re-upped — insiders doubling down.
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. Secondary Transaction rounds (26)
Round size distribution88th pct
smaller Secondary Transaction roundslarger
Post-money valuation12th pct
$33Mthis round: $200M$2.6B
