Amount$12M
SeriesSeries A
AnnouncedMay 17, 2023
SectorRenewable Energy
Sub-sectorMachine Learning
RegionLithuania
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series A round.
Syndicate size
2 investors on the cap table.
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 A rounds (995)
Round size distribution49th pct
smaller Series A roundslarger
vs. Renewable Energy (35)
Round size in sector46th pct
$250Kthis round: $12M$334M
