Solid
A solid round with healthy fundamentals.
Round size vs peers
In line with the typical Debt Refinancing round.
Syndicate size
2 investors on the cap table.
Insider conviction
All-new money — no prior investors re-upped.
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. Debt Refinancing rounds (6)
Round size distribution50th pct
smaller Debt Refinancing roundslarger
