Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Series D round (19.1× the median) — an outlier.
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 distribution99th pct
smaller Series D roundslarger
Post-money valuation95th pct
$65Mthis round: $12B$6B
