Amount$200M
SeriesSecondary Transaction
AnnouncedApr 7, 2021
SectorDatabase, Enterprise
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Secondary Transaction round (2.3×).
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
3 existing investors re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record investors.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Secondary Transaction rounds (26)
Round size distribution92th pct
smaller Secondary Transaction roundslarger
vs. Database, Enterprise (9)
Round size in sector100th pct
$4Mthis round: $200M$200M
