Glossary · Fundraising rounds
Extension round
More capital from mostly existing backers — or a small inside group — on similar terms to the last round, often to buy time to hit milestones. Not always a bridge; sometimes called an “extension” or “insider round.”
Related: Bridge round · Seed round · Series A · Pro rata rights
A bit more nuance▾
- Signals vary: disciplined extension vs struggling to find new leads.
- Watch pro rata, MFN, and pricing — extensions can still move the cap table.
Go deeper▾
Discussion questions▾
- What metric would make an extension unnecessary next time?
- How transparent should you be with employees about an insider extension?
Educational reference only — not legal, tax, or investment advice. Terms vary by country and deal; ask a qualified professional when it matters.