Amount$165M
Post-money valuation$1.7B
SeriesSeries B
AnnouncedOct 13, 2022
SectorDeFi
Solid
A solid round with healthy fundamentals.
Round size vs peers
Far above the typical Series B round (5.9× the median) — an outlier.
Syndicate size
Healthy syndicate of 5 investors.
Insider conviction
3 existing investors 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. Series B rounds (996)
Round size distribution96th pct
smaller Series B roundslarger
Post-money valuation83th pct
$35Mthis round: $1.7B$2.6B
