Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Series C round (6.6× the median) — an outlier.
Syndicate size
2 investors on the cap table.
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. Series C rounds (999)
Round size distribution96th pct
smaller Series C roundslarger
Post-money valuation93th pct
$29Mthis round: $3B$3B
