Lead Investor
Definition
The lead investor sets a round’s terms, writes the largest check, runs diligence, and typically takes the board seat; other investors follow on the lead’s terms.
How it comes up in fundraising
Finding the lead is the real work of a priced round: followers commit quickly once a credible lead is in.
Frequently asked questions
Do all rounds need a lead?
Pre-seed rounds often close leadless on SAFEs; seed usually has one; Series A effectively requires one, since the lead’s diligence and pricing are the round.
How do I identify funds that actually lead?
Check their portfolio announcements: funds that led rounds say so, and databases tag lead behavior alongside stage and sector.
Round Funded resources
Related terms
Put this term to work
Definitions win negotiations only when you are in one. Find the investors who fund your stage and start the conversation.
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