Series / Series A / Series B etc. defined: A “Series” such as Series A, Series B, Series C etc. is an investment Round (see PrivCo.com definition of “Round) where all the investors invest on the same set of terms, such as price, dividend and liquidiation preference rights etc. Most of the time all the investors present their investments at approximately the same time, and the Round “closes” on a fixed date for all investors. (This is not always the case as sometimes late investors can “get in on the Round” on the same terms a few months later.) The Series letters are just in order of the investment rounds, the first Round being Series A, the second round being Series B, third round being Series C, fourth round being Series D, and so on.
Above is a definition for “Series / Series A / Series B etc.” from PrivCo’s Private Company Knowledge Bank, the definitive online and e-book guide to private companies and private company deals.
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