Amount$300M
Post-money valuation$2B
SeriesSeries D
AnnouncedMar 31, 2019
Valuation step-up3.3×
Time since last round424 mo
SectorFintech, Insurance, Insurance Carrier
Sub-sectorArtificial Intelligence, Machine Learning, Natural Language Processing
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Series D round (3.8×).
Syndicate size
Healthy syndicate of 6 investors.
Insider conviction
4 existing investors re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record investors.
Valuation step-up
Healthy 3.3× valuation step-up.
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 distribution89th pct
smaller Series D roundslarger
Post-money valuation64th pct
$65Mthis round: $2B$6B
vs. Fintech, Insurance, Insurance Carrier (13)
Round size in sector100th pct
$13Mthis round: $300M$300M
