Amount$150M
Post-money valuation$9.2B
SeriesDebt
AnnouncedOct 12, 2022
Valuation step-up1.0×
Time since last round0 mo
SectorEnterprise, Travel
Sub-sectorMachine Learning, Natural Language Processing, Deep Learning
Solid
A solid round with healthy fundamentals.
Round size vs peers
Larger than the typical Debt round (2.6×).
Syndicate size
Single investor — limited external validation.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
Backed by established, high-track-record investors.
Valuation step-up
1.0× valuation step-up.
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 sector64th pct
$4Mthis round: $150M$275M
