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Fundraising & Rounds
Up round
A raise at a higher valuation than the last one — the normal, healthy direction.
Why it matters
Signals progress and rewards earlier investors; the size of the step-up is a rough read on momentum.
Hear it from people who've done it
Get the real-world version of "Up round" drawn from hundreds of conversations with founders and investors.
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Episodes on Fundraising
Investment Thesis with Kali Norman · 21 October 2026
Ian Gardiner's Investment Thesis | Investment Thesis with Kali Norman
ThincHer — You’re in Charge · 22 September 2026
Andrea Michaels: The Migrant Kid Who Became a Minister
Investment Thesis with Kali Norman · 18 September 2026
Mick Liubinskas' Investment Thesis
Related terms
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