Series C

If your start-up makes it to the Series C phase of fundraising, it’s fair to say that you’re performing very well and are ready to tap into fresh markets or start work on developing new products and services.
It’s common for Series C businesses to start expanding internationally and reach wider audiences. It’s also possible that they’re seeking a chance to build on their company value before going for an Initial Public Offering (IPO).
Series C is often regarded as the final round of fundraising that a business engages in, but it’s not uncommon for some companies to move on to Series D and even E.
The average sum raised by businesses during the Series C stage of fundraising stands at around € 26 million – approximately €20 million.
According to the graph above, start-ups funding Series C indicates a significant transition from the seed funding ‘Valley of Death’ stage of a business’ progression towards a reliable stream of profit and the latter stages of their VC lifecycle.
By this stage, you may be ready to launch an IPO, or fully immerse yourself into the market. However, moving into Series D of fundraising isn’t necessarily a bad thing and entering subsequent funding stages can work wonders in ensuring that you’re developing a more sustainable business model that’s better placed to create steady profits.