Follow-on Financing

Follow-on Financing is additional capital raised after an initial round, either from existing investors, new investors, or both, to fund growth, extend runway, or reach key milestones. In portfolio management, Follow-on Financing decisions reflect conviction, ownership targets, anti-dilution considerations, and whether the company is meeting its plan.

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Ryan Roberts Startup Lawyer
Ryan Roberts is a startup lawyer with more than two decades of experience advising on venture financings and M&A transactions totaling more than $1 billion. He is the author of the Amazon bestselling startup law book Acceleration.