Amount$41M
SeriesSeries C
AnnouncedOct 3, 2023
SectorInfrastructure as Code
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series C round.
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 C rounds (999)
Round size distribution43th pct
smaller Series C roundslarger
vs. Infrastructure as Code (7)
Round size in sector57th pct
$5Mthis round: $41M$175M
