Amount$400M
Post-money valuation$1.1B
SeriesSeries D
AnnouncedMar 1, 2022
SectorProptech, Modular, Construction
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Series D round (5.0× the median) — an outlier.
Syndicate size
Healthy syndicate of 3 investors.
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. Series D rounds (1,000)
Round size distribution92th pct
smaller Series D roundslarger
Post-money valuation39th pct
$65Mthis round: $1.1B$6B
vs. Proptech, Modular, Construction (4)
Round size in sector100th pct
$12Mthis round: $400M$100M
