Amount$300M
Post-money valuation$5B
SeriesSecondary Transaction
AnnouncedNov 23, 2021
Valuation step-up4.0×
Time since last round667 mo
SectorGaming, Mobile
Sub-sectorDeep Learning, Machine Learning
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Secondary Transaction round (3.4×).
Syndicate size
2 investors on the cap table.
Insider conviction
1 existing investor re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Valuation step-up
Healthy 4.0× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Secondary Transaction rounds (26)
Round size distribution100th pct
smaller Secondary Transaction roundslarger
Post-money valuation100th pct
$33Mthis round: $5B$2.6B
