Institutional Investor
定義
An institutional investor is a professional organization investing pooled money: venture funds, pension funds, endowments, sovereign wealth funds, and insurance companies.
資金調達における位置づけ
In startup fundraising, “institutional round” usually means the first round led by a professional VC fund rather than individuals.
よくある質問
Why does the first institutional check matter?
It brings professional diligence, a lead to set terms, usually a board presence, and validation that eases later fundraising.
Are angels institutional investors?
No; angels invest personal money. Syndicates and micro funds sit between the two.