Amount$600M
Post-money valuation$4.5B
SeriesSeries C
AnnouncedApr 1, 2018
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Series C round (13.3× the median) — an outlier.
Syndicate size
Single investor — limited external validation.
Insider conviction
All-new money — no prior investors re-upped.
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. Series C rounds (999)
Round size distribution99th pct
smaller Series C roundslarger
Post-money valuation96th pct
$29Mthis round: $4.5B$3B
