Amount$3M
SeriesGrant (prize money)
AnnouncedJan 31, 2022
Weak
A weak or unusual round versus its peers.
Round size vs peers
Far above the typical Grant (prize money) round (9.2× the median) — an outlier.
Syndicate size
Single investor — limited external validation.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
Mostly newer or unproven managers.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Grant (prize money) rounds (49)
Round size distribution67th pct
smaller Grant (prize money) roundslarger
