Amount$17M
Post-money valuation$100M
SeriesSeries B
AnnouncedMar 16, 2018
RegionNorway
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series B round.
Syndicate size
2 investors on the cap table.
Insider conviction
2 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 B rounds (996)
Round size distribution27th pct
smaller Series B roundslarger
Post-money valuation9th pct
$35Mthis round: $100M$2.6B
