Bridge Round
定義
A bridge round is interim financing, usually on SAFEs or convertible notes, that extends runway between major rounds, often from existing investors.
資金調達における位置づけ
Founders raise bridges to reach the milestones a strong next round requires, for example pushing ARR to the Series A bar.
よくある質問
Is a bridge round a bad signal?
Not inherently: bridges to a specific milestone read fine. Repeated bridges without milestone progress read as a company that cannot raise its next round.
Who invests in bridge rounds?
Most often existing investors protecting their position, sometimes joined by new angels at a modest cap step-up.