Seed
The round that funds the search for product-market fit — first hires, first revenue, first signs the thing works.
In Australia a seed round is often A$1–3m; the bar is early traction and a credible path to a Series A.
Hear it from people who've done it
Get the real-world version of "Seed" drawn from hundreds of conversations with founders and investors.
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Pre-seed
The first outside money, usually raised on an idea, a prototype and a team rather than real traction.
Series A, B, C…
Successive priced rounds named alphabetically — each one funds a new stage of scaling.
Product-market fit
The point where you've built something a market genuinely wants and pulls out of you faster than you can supply it.
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