Amount$2B
Post-money valuation$66B
SeriesPrivate Equity
AnnouncedMay 1, 2023
SectorE-commerce
Sub-sectorMachine Learning
RegionChina
Solid
A solid round with healthy fundamentals.
Round size vs peers
Far above the typical Private Equity round (20.0× the median) — an outlier.
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
1 existing investor re-upped — insiders doubling down.
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 distribution94th pct
smaller Private Equity roundslarger
Post-money valuation100th pct
$40Mthis round: $66B$7B
