What is Up With These Mega Rounds? Making Sense Of The Startup Market

$530M round: Snyk snags another $530M as valuation rises to $8.5B $400M round: Cityblock Health raises another mega-round of funding, tipping its valuation over $5 billion $130M round: TrueLayer raises mega-round as open banking heats up These were just a random sample of recent headlines when googling for “mega round startup.” Much has been written and said about the market lately, this post is how we are trying to make sense. With due caveat that this is not an exhaustive analysis but a short summary of our opinion. 1) What is The Mega Round While there is no definition of…...