Amount$14M
SeriesSeries B
AnnouncedSep 15, 2016
Time since last round23 mo
SectorFintech, Enterprise, Accounting, Invoice, Accounts Payable, Remittance, Payments
Sub-sectorArtificial Intelligence, Machine Learning, Natural Language Processing
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series B round.
Syndicate size
Single investor — limited external validation.
Insider conviction
1 existing investor re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record investors.
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 distribution19th pct
smaller Series B roundslarger
vs. Fintech, Enterprise, Accounting, Invoice, Accounts Payable, Remittance, Payments (7)
Round size in sector29th pct
$13Mthis round: $14M$270M
