Amount$50M
Post-money valuation$2B
SeriesSeries C
AnnouncedNov 16, 2021
SectorBlockchain, NFT, Crypto
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series C round.
Syndicate size
Single investor — limited external validation.
Insider conviction
1 existing investor re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record 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 valuation86th pct
$29Mthis round: $2B$3B
vs. Blockchain, NFT, Crypto (6)
Round size in sector50th pct
$19Mthis round: $50M$400M
