Seed
The first fundraising a startup does is called a “seed round”. Depending on the round you’re trying to achieve, the rules differs.
Notes about the seed round :
- From 300k€ to 1.5m€
- Mostly from business angels (BA) and seed round venture capitalists (VC)
- Startups with a working Proof of Concept (PoC)
- Mostly about the team, the vision and the product
- Great KPIs are (not exhaustive, depending on your field) :
- From 10k€ VAT excluded monthly recurring revenue (MRR)
- A traction proof like 10k users for free B2C apps
- First big account for B2B apps
- Working prototype and crowdfunding or 1k user waiting list for hardware products
- 20% Month over Month growth (MoM growth) on your main KPI
- Mean dilution about 25% (from 20% to 30%)
- From 1m€ to 2.5m€ pre money valuation