Amount$120M
Post-money valuation$400M
SeriesSeries D
AnnouncedNov 8, 2021
RegionSouth Africa
Solid
A solid round with healthy fundamentals.
Round size vs peers
In line with the typical Series D round.
Syndicate size
Healthy syndicate of 3 investors.
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. Series D rounds (1,000)
Round size distribution65th pct
smaller Series D roundslarger
Post-money valuation8th pct
$65Mthis round: $400M$6B
