Funding Rounds Beginner

Series C

A later-stage round, typically $30M-$100M+, to expand into new markets or prepare for IPO.

Definition

Series C rounds are raised by more mature companies looking to expand internationally, acquire competitors, or build toward an IPO. Investments typically range from $30M to $100M or more. Investors at this stage include growth equity firms, hedge funds, and sovereign wealth funds alongside traditional VCs. The risk profile is lower, but so is the equity upside for new hires.

Why it matters

At Series C, the company is likely within 2-4 years of a potential IPO or acquisition. Your equity has a clearer path to liquidity, but your option grants are smaller and the strike price is higher.

Example

A fintech company raises $75M at a $500M valuation in its Series C. It uses the funds to launch in Europe and prepare for an IPO in 18-24 months.

Related terms

Series B
A growth-stage round, typically $15M-$50M, to scale a company with strong unit economics.
Series D
A late-stage round that funds further expansion, often preceding an IPO by 1-2 years.
Growth Equity
Investment in established, profitable or near-profitable companies to accelerate scaling.
Initial Public Offering (IPO)
When a private company first sells shares to the public on a stock exchange.
Late Stage
Companies that have raised Series C or later and are approaching IPO or acquisition readiness.
Secondary Sale
Selling your private company shares to another investor, providing liquidity before an exit.

More from Funding Rounds

This definition is an educational summary. It is not legal, tax, or investment advice. Specific terms in your equity grant or company documents may differ.