Amount$100M
SeriesPrivate Equity
AnnouncedFeb 26, 2019
SectorInformation Technology
Sub-sectorMachine Learning
RegionUSA
Solid
A solid round with healthy fundamentals.
Round size vs peers
In line with the typical Private 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.
vs. Private Equity rounds (109)
Round size distribution42th pct
smaller Private Equity roundslarger
vs. Information Technology (6)
Round size in sector100th pct
$12Mthis round: $100M$50M
