Amount$12M
SeriesSeries B
AnnouncedMar 31, 2018
Time since last round419 mo
SectorLegal, Contract Review
Sub-sectorArtificial Intelligence, Machine Learning, Natural Language Processing
Strong
A strong, well-structured round.
Round size vs peers
Smaller than 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
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. Series B rounds (996)
Round size distribution16th pct
smaller Series B roundslarger
vs. Legal, Contract Review (5)
Round size in sector80th pct
$300Kthis round: $12M$20M
