Solid
A solid round with healthy fundamentals.
Round size vs peers
Far below the typical Series A Extension round — well under the median.
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. Series A Extension rounds (12)
Round size distribution8th pct
smaller Series A Extension roundslarger
Post-money valuation25th pct
$32Mthis round: $32M$2B
