The Ledger
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Spyne raised early 2022 funding at a $25M post-money valuation
“Yeah, no, post when it was 25. So there was some secondary which also happened.”
Accel bought out early angels to prevent founder dilution
“So there were some of the angel investors, which Axel wanted slightly more percentage in the company. So but they didn't want to dilute the primary equity of the founders like us, right? So they offered an exit to some of the earlier angel investors.”