Amount$25M
Post-money valuation$180M
SeriesSeries D
AnnouncedApr 16, 2024
Valuation step-up0.5×
Time since last round667 mo
SectorEnterprise, Gift
Sub-sectorArtificial Intelligence
Strong
A strong, well-structured round.
Round size vs peers
Smaller than the typical Series D round.
Syndicate size
Healthy syndicate of 5 investors.
Insider conviction
3 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Valuation step-up
Down round (0.5× prior valuation).
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 valuation1th pct
$65Mthis round: $180M$6B
