Amount$100M
Post-money valuation$425M
SeriesSeries C
AnnouncedApr 30, 2016
Time since last round13 mo
SectorMobility, Ride Service, App, Ridesharing
Sub-sectorNatural Language Generation, Machine Learning, Deep Learning, Natural Language Processing, Speech Recognition, Computer Vision
Solid
A solid round with healthy fundamentals.
Round size vs peers
Larger than the typical Series C round (2.2×).
Syndicate size
Party round (9 investors) — diffuse ownership and signal.
Insider conviction
7 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 C rounds (999)
Round size distribution82th pct
smaller Series C roundslarger
Post-money valuation20th pct
$29Mthis round: $425M$3B
vs. Mobility, Ride Service, App, Ridesharing (8)
Round size in sector50th pct
$10Mthis round: $100M$250M
