Amount$10M
SeriesConvertible Preferred Equity
AnnouncedSep 21, 2023
Solid
A solid round with healthy fundamentals.
Round size vs peers
In line with the typical Convertible Preferred Equity round.
Syndicate size
Single investor — limited external validation.
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.
