Series A, B, C…
Also: Series A; Series B
Successive priced rounds named alphabetically — each one funds a new stage of scaling.
A funds repeatable growth, B funds scaling the machine, C+ funds expansion. Each round is larger and priced higher (you hope).
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Priced round
A raise where you agree a valuation and issue shares at that price, as opposed to a note or SAFE.
Lead investor
The investor who sets the terms and price of a round and usually takes the biggest cheque.
Seed
The round that funds the search for product-market fit — first hires, first revenue, first signs the thing works.
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