The A+ round of financing is one more round than the A round but not the B round. Strictly speaking, there is no difference between the two, but the degree of progress is different. Series A financing is also called the first round of financing. Generally, financing is carried out after the company's products have been finalized, have started normal operations for a period of time, have a complete and detailed business and profit model, and have a certain status and reputation in the industry. But at this time, the company may still be in a loss-making state, so the source of funds is generally professional venture capital institutions. The general order of financing is angel investment → Series A (round 1) financing, → Series B (round 2) financing, → Series C (round 3) financing, etc. Therefore, you can understand that the two are different periods of the same financing stage, A+ is additional financing, and there is no difference between the two.

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1. Seed round - team, idea, product;

Financiers in the seed stage usually only have idea and

< p> team, but no initial status of the specific product. Investors are usually the entrepreneurs themselves, but there are also individual angels and incubator funds that focus on angel round investment opportunities.

The risk of seed round projects is extremely high, and the financing amount is generally between 500,000 and 2 million.

2. Angel round - product visibility, clear business model ;

A project in the angel stage not only has an idea and a team, but also

has a mature product online and a preliminary business plan for the product; at the same time, it has accumulated some core users, and the business model is at stage to be verified. At this time, it is most appropriate to find angel investors or institutions and start angel round financing. The financing amount is about 3 million to 5 million. Investment risks are also very high at this stage.

3.Pre A round--has a certain scale;

The company's overall data in the early stage has already reached a certain scale, but

has not yet occupied the forefront of the market, then Pre-A round financing is available.

4. Round A—the business model is mature, industry-leading, and beginning to take shape

;

At this stage, the main characteristic of the company is that it has mature products

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Products, complete and detailed business and profit models, have a certain status and reputation in the industry. The investment risk at this stage is much lower than that of an angel round.

5. A+ round of financing

After the A round of financing is completed, new investment institutions want to come in

At this time, the company’s business has not yet had new investment progress, the valuation has not changed.

6. Round B - Proven business model, new business and new field expansion, relatively strong competitive advantage; at the time of this round of investment, the company’s main feature is that both the business model and the profit model have been It is well verified that some have already started to make profits.

7. Round C - leading company in the industry, preparation for listing. The main feature of the company at this time is that its model is very mature, it is at the top of the industry, and it is preparing for listing. The purpose of financing at this time is, first, to continue to expand new businesses, and second, to acquire or self-develop to form a closed business loop to meet pre-IPO capital needs. At this time, investment risks have been greatly reduced and the prospects are bright.

8. Series D, Series E, and Series F financing - In fact, they are upgraded versions of Series C. Series C and D are generally used for continued expansion, including another competitor burning each other's money. . For the same model in the same segment, it is generally impossible for a third party to obtain financing after Series C. In addition, some companies that have achieved better income or even break even after Series B do not necessarily need new financing from Series C and beyond. Series C and D rounds are generally worth several hundred million yuan.