Amount$40M
Post-money valuation$450M
SeriesSeries G
AnnouncedFeb 26, 2020
SectorMedia, Publishing
Solid
A solid round with healthy fundamentals.
Round size vs peers
Smaller than the typical Series G round.
Syndicate size
Single investor — limited external validation.
Insider conviction
1 existing investor re-upped — insiders doubling down.
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. Series G rounds (105)
Round size distribution9th pct
smaller Series G roundslarger
Post-money valuation5th pct
$160Mthis round: $450M$25B
vs. Media, Publishing (7)
Round size in sector100th pct
$300Kthis round: $40M$18M
