Amount$154M
Post-money valuation$1B
SeriesSeries C
AnnouncedNov 8, 2018
Time since last round8 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 Series C round (3.4×).
Syndicate size
Healthy syndicate of 4 investors.
Insider conviction
4 existing investors 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 C rounds (999)
Round size distribution89th pct
smaller Series C roundslarger
Post-money valuation60th pct
$29Mthis round: $1B$3B
vs. Enterprise, Travel (11)
Round size in sector82th pct
$4Mthis round: $154M$275M
