Amount$330M
SeriesMerger
AnnouncedOct 4, 2023
SectorElectric Vehicles
Sub-sectorMachine Learning
RegionSpain
Solid
A solid round with healthy fundamentals.
Round size vs peers
In line with the typical Merger round.
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. Electric Vehicles (12)
Round size in sector100th pct
$1Mthis round: $330M$50M
