Amount$160M
Post-money valuation$460M
AnnouncedMay 21, 2019
Valuation step-up9.2×
Time since last round1105 mo
Mixed
A mixed round — some signals are off the norm.
Syndicate size
Party round (24 investors) — diffuse ownership and signal.
Insider conviction
14 existing investors re-upped — insiders doubling down.
Investor track record
Mostly newer or unproven managers.
Valuation step-up
9.2× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
