Amount$60M
Post-money valuation$500M
AnnouncedSep 14, 2017
SectorBattery, Automotive
Sub-sectorMachine Learning
Solid
A solid round with healthy fundamentals.
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
3 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. Battery, Automotive (4)
Round size in sector75th pct
$6Mthis round: $60M$80M
