Amount$70M
Post-money valuation$400M
SeriesSeries B
AnnouncedJul 1, 2024
SectorDocument Management & eSignature
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Larger than the typical Series B round (2.5×).
Syndicate size
Single investor — limited external validation.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
A mix of established and emerging investors.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series B rounds (996)
Round size distribution80th pct
smaller Series B roundslarger
Post-money valuation30th pct
$35Mthis round: $400M$2.6B
vs. Document Management & eSignature (8)
Round size in sector88th pct
$500Kthis round: $70M$71M
