Amount$400M
Post-money valuation$400M
SeriesPrivate Equity
AnnouncedDec 22, 2020
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Larger than the typical Private Equity round (4.0×).
Syndicate size
Single investor — limited external validation.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
A mix of established and emerging investors.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Private Equity rounds (109)
Round size distribution79th pct
smaller Private Equity roundslarger
Post-money valuation17th pct
$40Mthis round: $400M$7B
