Amount$70M
SeriesSeries B
AnnouncedMar 1, 2023
SectorEnergy
Sub-sectorAutonomous Machines
RegionUnited Kingdom
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Series B round (2.5×).
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
2 existing investors re-upped — insiders doubling down.
Investor track record
Mostly newer or unproven managers.
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 distribution80th pct
smaller Series B roundslarger
