Amount$250M
Post-money valuation$1B
SeriesSeries D
AnnouncedMay 16, 2023
SectorInsurtech
Sub-sectorMachine Learning
RegionUSA
Solid
A solid round with healthy fundamentals.
Round size vs peers
Larger than the typical Series D round (3.1×).
Syndicate size
2 investors on the cap table.
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. Series D rounds (1,000)
Round size distribution86th pct
smaller Series D roundslarger
Post-money valuation32th pct
$65Mthis round: $1B$6B
