Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Series G round (6.7× the median) — an outlier.
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.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series G rounds (105)
Round size distribution88th pct
smaller Series G roundslarger
Post-money valuation84th pct
$160Mthis round: $16B$25B
