Amount$23M
SeriesSeries C
AnnouncedDec 11, 2018
SectorEnterprise, Information Technology (IT)
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series C round.
Syndicate size
Healthy syndicate of 6 investors.
Insider conviction
5 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 distribution21th pct
smaller Series C roundslarger
vs. Enterprise, Information Technology (IT) (17)
Round size in sector94th pct
$1Mthis round: $23M$23M
