Amount$150M
Post-money valuation$2B
SeriesSeries E
AnnouncedOct 6, 2020
Valuation step-up4.0×
Time since last round13 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 E round.
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
2 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Valuation step-up
Healthy 4.0× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series E rounds (485)
Round size distribution61th pct
smaller Series E roundslarger
Post-money valuation52th pct
$103Mthis round: $2B$10.2B
vs. Fintech, Enterprise, Accounting, Invoice, Accounts Payable, Remittance, Payments (7)
Round size in sector86th pct
$13Mthis round: $150M$270M
