Amount$526M
Post-money valuation$8.5B
SeriesSeries G
AnnouncedJun 1, 2015
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Larger than the typical Series G round (3.5×).
Syndicate size
Single investor — limited external validation.
Insider conviction
All-new money — no prior investors re-upped.
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. Series G rounds (105)
Round size distribution79th pct
smaller Series G roundslarger
Post-money valuation64th pct
$160Mthis round: $8.5B$25B
