Amount$150M
Post-money valuation$2B
SeriesSeries E
AnnouncedOct 29, 2024
Revenue multiple10.7×
Valuation step-up0.5×
Time since last round456 mo
SectorFintech, Credit, Payments
Sub-sectorArtificial Intelligence, Machine Learning
Solid
A solid round with healthy fundamentals.
Round size vs peers
In line with the typical Series E round.
Syndicate size
Party round (10 investors) — diffuse ownership and signal.
Insider conviction
6 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging 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 E rounds (478)
Round size distribution61th pct
smaller Series E roundslarger
Post-money valuation52th pct
$103Mthis round: $2B$10.2B
vs. Fintech, Credit, Payments (6)
Round size in sector83th pct
$16Mthis round: $150M$250M
