The path from seed to Series A has always been a critical juncture. Historically, a significant percentage of seed-stage companies would transition to Series A within 24 months: in 2018, this was around 20-24% of startups. Carta’s Q1 2024 report indicates a stark shift, with only 13% of companies that raised seed funding in the first half of 2022 progressing to Series A. This is a notable decline that spans multiple industries, signaling a broader trend rather than isolated cases, although fintech and hardware haven’t seen as pronounced of a drop. In a similar vein, Pitchbook’s Q1 2024 Report shows…...
The Steeper Climb from Seed to Series A
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