Amount$50M
SeriesSeries B
AnnouncedAug 1, 2020
SectorInsurance Eligibility & Benefits Verification
Solid
A solid round with healthy fundamentals.
Round size vs peers
In line with the typical Series B round.
Syndicate size
2 investors on the cap table.
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 B rounds (996)
Round size distribution72th pct
smaller Series B roundslarger
vs. Insurance Eligibility & Benefits Verification (33)
Round size in sector67th pct
$15Kthis round: $50M$155M
