Amount$500M
SeriesStrategic Investment
AnnouncedFeb 4, 2016
Weak
A weak or unusual round versus its peers.
Round size vs peers
Far above the typical Strategic Investment round (10.0× the median) — an outlier.
Syndicate size
Single investor — limited external validation.
Insider conviction
All-new money — no prior investors re-upped.
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. Strategic Investment rounds (33)
Round size distribution79th pct
smaller Strategic Investment roundslarger
