Amount$50M
Post-money valuation$500M
SeriesSeries C
AnnouncedMay 12, 2021
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 C round.
Syndicate size
7 investors on the cap table.
Insider conviction
6 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 C rounds (999)
Round size distribution54th pct
smaller Series C roundslarger
Post-money valuation27th pct
$29Mthis round: $500M$3B
vs. Fintech, Backoffice, Accounting, Invoice, Accounts Payable (4)
Round size in sector75th pct
$7Mthis round: $50M$61M
