Funding and ownership
Series D and later
Any rounds after Series C. The letters carry on for as long as the money does. Later rounds can mean strong growth that needs more fuel. They can also mean the company needs more time or money than planned before it can sell or list.
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You'll hear it as
It's a Series E, but at a lower valuation than the D.
Why it matters to you.
Later rounds raised at a lower valuation than the one before are down rounds, which are bad news for staff options. Check the valuation trend, not just the letter.
Also called Series D, E, F….
Videos.
No video mentions Series D and later by name yet. These are on the same topic, Business & startups.