Series A funding is an equity investment that helps startups grow by building MVPs and getting the first traction from the market.
At this stage, startups usually have a flexible business model and prove the potential to grow and generate revenue. Think of it like a small plant – it sprouted, has the potential to grow, and produce fruit.
Startups use series A funding to grow the team, build, and improve their product while getting it to the early adopters.
Series A funding usually comes from angel investors, private investors, and venture capitalists (VCs).
In Series A funding round, startups often raise $2-10 million.