Amount$83M
Post-money valuation$600M
SeriesSeries B
AnnouncedJun 30, 2018
Time since last round560 mo
SectorFintech, Insurance, Insurance Carrier
Sub-sectorMachine Learning
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Series B round (3.0×).
Syndicate size
8 investors on the cap table.
Insider conviction
6 existing investors re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record investors.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series B rounds (996)
Round size distribution83th pct
smaller Series B roundslarger
Post-money valuation43th pct
$35Mthis round: $600M$2.6B
vs. Fintech, Insurance, Insurance Carrier (13)
Round size in sector38th pct
$13Mthis round: $83M$300M
