What is Series C?

Series C funding is a stage of venture capital financing, typically aimed at mature startups ready for significant expansion or acquisition. By the time a startup reaches the Series C stage, it has typically proven its business model, shown strong performance, and demonstrated the potential for further scale. The funds are typically used for things like launching products internationally, acquiring other businesses, or preparing for an Initial Public Offering (IPO).

Investors in Series C funding rounds are typically late-stage venture capitalists and private equity firms, and sometimes hedge funds or investment banks. The capital raised during Series C rounds can vary significantly but is usually substantial, often in the range of $50 million to $100 million or more. As with previous rounds, Series C investors receive preferred shares in the company.