Amount$25M
Post-money valuation$1B
SeriesSeries D
AnnouncedJan 3, 2023
SectorContract Lifecycle Management
Sub-sectorNatural Language Processing
RegionUnited States
Strong
A strong, well-structured round.
Round size vs peers
Smaller than the typical Series D round.
Syndicate size
2 investors on the cap table.
Insider conviction
1 existing investor re-upped — insiders doubling down.
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 D rounds (1,000)
Round size distribution11th pct
smaller Series D roundslarger
Post-money valuation32th pct
$65Mthis round: $1B$6B
vs. Contract Lifecycle Management (5)
Round size in sector60th pct
$5Mthis round: $25M$85M
