Series A
Noun · Startup & VC
Definitions
The first significant round of venture capital financing, typically raising $5-20M at a $20-100M valuation. Comes after seed funding and requires evidence of product-market fit, revenue traction, and a credible path to scale. Led by institutional VC firms who take board seats and expect 10x+ returns.
In plain English: The first major investment round for a startup, where venture capital firms put in millions in exchange for ownership.
Example: "We raised a $12M Series A led by Sequoia at a $50M valuation — now we need to prove we can scale from 100 to 1,000 customers."