Amount$265M
Post-money valuation$4B
SeriesSeries F
AnnouncedNov 1, 2023
Valuation step-up1.0×
Time since last round560 mo
SectorFintech, Insurance, Insurance Carrier
Sub-sectorMachine Learning
Solid
A solid round with healthy fundamentals.
Round size vs peers
Larger than the typical Series F round (2.0×).
Syndicate size
2 investors on the cap table.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
Mostly newer or unproven managers.
Valuation step-up
1.0× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series F rounds (255)
Round size distribution70th pct
smaller Series F roundslarger
Post-money valuation62th pct
$200Mthis round: $4B$15B
vs. Fintech, Insurance, Insurance Carrier (13)
Round size in sector92th pct
$13Mthis round: $265M$300M
