Amount$500M
Post-money valuation$1.7B
SeriesSeries C
AnnouncedMar 1, 2016
Strong
A strong, well-structured round.
Round size vs peers
Far above the typical Series C round (11.1× the median) — an outlier.
Syndicate size
Healthy syndicate of 4 investors.
Insider conviction
3 existing investors re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record 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 distribution98th pct
smaller Series C roundslarger
Post-money valuation80th pct
$29Mthis round: $1.7B$3B
