Tranche
Définition
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.
Comment cela se présente dans le financement
Tranches are standard in biotech (tied to clinical milestones) and appear in software mainly when investors want risk gates.
Questions fréquemment posées
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.
Termes associés
Mettez ce terme en pratique
Les définitions ne gagnent des négociations que lorsque vous y êtes. Trouvez les investisseurs qui financent votre étape et commencez la conversation.
Parcourir la base de données des investisseurs