Amount$25M
SeriesSeries B
AnnouncedSep 30, 2019
Time since last round630 mo
SectorFintech, Backoffice, Accounting, Invoice, Accounts Payable
Sub-sectorArtificial Intelligence, Natural Language Processing, Machine Learning
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series B round.
Syndicate size
Healthy syndicate of 4 investors.
Insider conviction
4 existing investors re-upped — insiders doubling down.
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 B rounds (996)
Round size distribution43th pct
smaller Series B roundslarger
vs. Fintech, Backoffice, Accounting, Invoice, Accounts Payable (4)
Round size in sector50th pct
$7Mthis round: $25M$61M
