Amount$80M
Post-money valuation$700M
SeriesSeries C
AnnouncedAug 1, 2020
Revenue multiple70.0×
Valuation step-up0.5×
Time since last round456 mo
SectorFintech, Credit, Payments
Sub-sectorArtificial Intelligence, Machine Learning
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series C round.
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
2 existing investors re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record investors.
Valuation step-up
Down round (0.5× prior valuation).
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series C rounds (999)
Round size distribution72th pct
smaller Series C roundslarger
Post-money valuation35th pct
$29Mthis round: $700M$3B
vs. Fintech, Credit, Payments (6)
Round size in sector50th pct
$16Mthis round: $80M$250M
