Tranche
Definición
A tranche is one portion of a financing released separately, usually against milestones, so “tranched” rounds deliver capital in stages rather than all at once.
Cómo aparece en el fundraising
Tranches are standard in biotech (tied to clinical milestones) and appear in software mainly when investors want risk gates.
Preguntas frecuentes
Are tranched investments founder-friendly?
They cap dilution if milestones hit but hand investors leverage at each gate; insist on objective, controllable triggers.
What happens if a milestone is missed?
Per the agreement: the tranche may lapse, renegotiate, or fund at different terms; ambiguity here is where disputes grow.
Términos relacionados
Pon este término en práctica
Las definiciones solo ganan negociaciones cuando estás en una. Encuentra los inversores que financian tu etapa y empieza la conversación.
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