Amount$250M
Post-money valuation$2B
SeriesSeries D
AnnouncedSep 23, 2020
Valuation step-up2.0×
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 D round (3.1×).
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
3 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Valuation step-up
Healthy 2.0× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series D rounds (1,000)
Round size distribution86th pct
smaller Series D roundslarger
Post-money valuation64th pct
$65Mthis round: $2B$6B
vs. Fintech, Insurance, Insurance Carrier (13)
Round size in sector85th pct
$13Mthis round: $250M$300M
