Amount$12M
SeriesDebt
AnnouncedFeb 27, 2020
SectorProptech, Modular, Construction
Weak
A weak or unusual round versus its peers.
Round size vs peers
Far below the typical Debt round — well under the median.
Syndicate size
Single investor — limited external validation.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
Mostly newer or unproven managers.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Proptech, Modular, Construction (4)
Round size in sector25th pct
$12Mthis round: $12M$100M
