Amount$250M
Post-money valuation$4B
SeriesSeries D
AnnouncedJun 27, 2019
Valuation step-up4.0×
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 D round (3.1×).
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.
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 D rounds (1,000)
Round size distribution86th pct
smaller Series D roundslarger
Post-money valuation83th pct
$65Mthis round: $4B$6B
vs. Enterprise, Travel (11)
Round size in sector91th pct
$4Mthis round: $250M$275M
