From Seed to Series A: demystifying the process
So you’ve raised your seed round. Now what?
You’ve got money in the bank, your investors and team are all excited and high-fiving, but the clock’s just started ticking and now the real work begins.
A review of all companies that raised seed capital in Europe since 2005 (Crunchbase data) shows that the average time from raising a seed round to a Series A is 17 months. Looking only at our own portfolio at LocalGlobe, we find, of those that do go on to raise, 75% do so within 19 months. Given it typically takes, on average, five months to raise (from initial discussions to cash in), you really need to be “Series A ready” 12 months after closing your seed.
“12 months?! Series A ready? What on earth does that mean?”
Don’t panic. This series of blogposts and interviews, from founders who’ve raised a Series A (and beyond) and VCs who led their rounds, is designed to help demystify the Series A raise.
It’s a four part series, which we’ll release on a fortnightly basis, composed of the following parts:
- Being “Series A ready” https://medium.com/@ophelia_brown/from-seed-to-series-a-demystifying-the-process-46f4d0e2e6d3#.5v3a5j5p4
- Approaching investors https://medium.com/@ophelia_brown/from-seed-to-series-a-demystifying-the-process-4cc7bdc07a55#.qdldtkn4n
- The Deck, the Model and the Ask
- The Partner Presentation
Please comment and give feedback as we go!