Amount$105M
Post-money valuation$1.3B
SeriesSeries B
AnnouncedMay 10, 2022
SectorBlockchain, Trading, Crypto, Digital Assets
Solid
A solid round with healthy fundamentals.
Round size vs peers
Larger than the typical Series B round (3.8×).
Syndicate size
7 investors on the cap table.
Insider conviction
1 existing investor 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 B rounds (996)
Round size distribution89th pct
smaller Series B roundslarger
Post-money valuation76th pct
$35Mthis round: $1.3B$2.6B
