Series C
Definition
Series C and later rounds fund market leadership: new geographies, product lines, and acquisitions, with growth equity and crossover investors joining the cap table.
How it comes up in fundraising
By Series C a company is expected to show a credible path to profitability or IPO, with valuations keyed to public-market comparables.
Frequently asked questions
Who invests at Series C?
Late-stage venture funds, growth equity, sovereign wealth funds, and crossover investors who also buy public stocks.
Is Series C the last private round?
Not necessarily; D, E, and beyond exist, either as pre-IPO rounds or as extra runway when the exit window shifts.
Related terms
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