Amount$250M
Post-money valuation$4B
SeriesSeries E
AnnouncedMar 31, 2021
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 E round (2.2×).
Syndicate size
7 investors on the cap table.
Insider conviction
4 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 E rounds (478)
Round size distribution76th pct
smaller Series E roundslarger
Post-money valuation69th pct
$103Mthis round: $4B$10.2B
vs. Fintech, Insurance, Insurance Carrier (13)
Round size in sector85th pct
$13Mthis round: $250M$300M
