Glossary · Fundraising rounds
Series A
Usually the first big venture round after seed, meant to scale something that already works — repeat customers, a repeatable sales motion, or clear usage growth.
Related: Seed round · Series B · Venture capital (VC) · Monthly recurring revenue (MRR)
A bit more nuance▾
- The bar moves every cycle; “Series A metrics” in SaaS are a moving target.
- In frontier markets, proof might be different — investors should not copy-paste Silicon Valley checklists blindly.
Go deeper▾
Discussion questions▾
- What metric would you defend in an A pitch without slides?
- What part of your business is still seed-stage, honestly?
Educational reference only — not legal, tax, or investment advice. Terms vary by country and deal; ask a qualified professional when it matters.