Amount$250M
Post-money valuation$1B
SeriesSeries C
AnnouncedSep 30, 2019
Valuation step-up1.7×
Time since last round560 mo
SectorFintech, Insurance, Insurance Carrier
Sub-sectorMachine Learning
Strong
A strong, well-structured round.
Round size vs peers
Far above the typical Series C round (5.6× the median) — an outlier.
Syndicate size
Healthy syndicate of 4 investors.
Insider conviction
4 existing investors re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record investors.
Valuation step-up
Healthy 1.7× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series C rounds (999)
Round size distribution96th pct
smaller Series C roundslarger
Post-money valuation60th pct
$29Mthis round: $1B$3B
vs. Fintech, Insurance, Insurance Carrier (13)
Round size in sector85th pct
$13Mthis round: $250M$300M
