Amount$125M
SeriesDebt
AnnouncedJun 16, 2020
Time since last round12 mo
SectorEnterprise, Travel
Sub-sectorMachine Learning, Natural Language Processing, Deep Learning
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Debt round (2.1×).
Syndicate size
2 investors on the cap table.
Insider conviction
1 existing investor re-upped — insiders doubling down.
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. Enterprise, Travel (11)
Round size in sector55th pct
$4Mthis round: $125M$275M
