Series A

Business Finance

Series A is typically a startup's first significant institutional funding round, following angel and seed investments. Raises $5M-$25M for a 15-25% stake, valuing the company $20M-$100M. Series A investors are professional VCs evaluating product-market fit, early traction, and scalable unit economics. Tactical purposes: scale go-to-market, hire executive team, expand product. Series A timing has shifted later over the past decade as seed rounds have grown — modern Series A often requires $1M+ ARR for SaaS, similar traction milestones for other models. Successive rounds (Series B, C, D…) increase amounts and valuations to fund continued scaling.