Bridge round
A bridge round is a smaller, interim financing raised to extend a company's runway until its next major round or milestone, often structured as convertible notes or SAFEs.
A bridge round 'bridges' the gap between two larger events, usually between priced rounds or ahead of a key milestone the company needs to hit before raising at a higher valuation. It's typically smaller than a full round and frequently raised from existing investors using convertible instruments rather than a new priced round.
Companies raise bridges for many reasons: to extend runway in a tough market, to reach metrics that justify a stronger next round, or to fund a specific opportunity. A bridge is not inherently negative, though in some cases it signals that the next round is taking longer than planned.
As a signal, a bridge round indicates a company that is still active and investing, and may be approaching a larger raise or an inflection point worth watching.
Bridge and interim rounds surface in the funding-events feed with the round label and amount where disclosed, the investors, date, and the sources that reported it, from GET /v1/funding-events.
Common questions
More on bridge round.
Is a bridge round a bad sign?
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