Amount$60M
Post-money valuation$800M
SeriesSeries B
AnnouncedJun 24, 2013
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Series B round (2.1×).
Syndicate size
Healthy syndicate of 6 investors.
Insider conviction
5 existing investors re-upped — insiders doubling down.
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 distribution76th pct
smaller Series B roundslarger
Post-money valuation54th pct
$35Mthis round: $800M$2.6B
