Solid
A solid round with healthy fundamentals.
Round size vs peers
In line with the typical Convertible Note round.
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. Convertible Note rounds (55)
Round size distribution49th pct
smaller Convertible Note roundslarger
