There are several stages of venture funding, starting with angel or pre-seed funding to the very youngest startups and ending with later-stage funding to established, pre-IPO startups.
Angel: An angel round is typically a small round designed to get a new company off the ground. Investors in an angel round include individual angel investors, angel investor groups, friends and family.
Pre-seed: A pre-seed round is a pre-institutional seed round that either has no institutional investors or is a very low amount, often below $1 million.
Seed: Seed rounds are among the first rounds of funding a company will receive, generally while it is young and working to gain traction. Round sizes typically range between $1 million and $3 million, though larger seed rounds have become more common in recent years. A seed round typically comes after an angel round (if applicable) and before a company’s Series A round.
Series A and Series B: These are funding rounds for earlier-stage companies and range on average between $5 million and $30 million.
Series C and onward: For later-stage and more-established companies, these rounds are usually at least $20 million, but are often much larger.
Other sources of private-company funding include private equity or growth funding, debt financing and crowdfunding.
Read more about the different types of funding rounds and how they are classified in SA���ʴ�ý.