X1 in a 50% valuation boost

with a series C capital raise. About a one minute read.

Comment: not surprised, virtual cards are hot now, note a 200% increase in top line over the past six months. Nice valuation boost, but keep in mind seed and other rounds are likely looking at a three to five year lockin, and VC will be illiquid for all that time. At 20% to 40% CAGR and a liquidity premium, you’re looking at a terminal valuation of between 124M to 230M. Nice payday if all goes well.