Amount$170M
SeriesSeries C
AnnouncedSep 17, 2020
Time since last round374 mo
SectorAgritech, IoT, Modular, Indoor
Sub-sectorComputer Vision, Machine Learning
Solid
A solid round with healthy fundamentals.
Round size vs peers
Larger than the typical Series C round (3.8×).
Syndicate size
Party round (9 investors) — diffuse ownership and signal.
Insider conviction
4 existing investors re-upped — insiders doubling down.
Investor track record
Mostly newer or unproven managers.
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 distribution91th pct
smaller Series C roundslarger
vs. Agritech, IoT, Modular, Indoor (6)
Round size in sector83th pct
$3Mthis round: $170M$200M
