Series A

63 statements across 60 episodes · 15 bullish · 5 bearish · 58 people on the record · first statement Jan 28, 2016 by Evi Meyer · across every show →

Everything said about Series A, oldest first

Jan 28, 2016 neutral
Assertion Supported
uMake closed its Series A on app launch day
“We raised our CRSA before we launched Launch the app. Actually, we raised the CRSA on the same day we launched the app.”
Evi Meyer Jan 28, 2016 ▶ 11:05 How To Sell a $150/Yr iPhone App with Evi Meyer of uMake
Feb 7, 2016
Disclosure
Goldenberg: Borrowell is raising under $20M in Series A equity
“Less than twenty million. In terms of equity capital, but a significant amount, especially for a Canadian raise the Canadian VC scene is vastly different than the American VC scene.”
Jeff Goldenberg Feb 7, 2016 ▶ 14:52 His company has lended $400m via unique canadian model with Jeff Goldenberg
Mar 10, 2016 neutral
Assertion Not checkable as stated
Berman: Investors Expect $1 Million ARR for a Series A Round
“The consensus seems to be a million dollars ARR, which equates to about 70, 75 K eight grand per month.”
Matthew Berman Mar 10, 2016 ▶ 10:28 How To Get Your First 100 Customers with Matthew Bernman EP 201
Apr 18, 2016 neutral
Insight
Gatenholm: Swedish Series A rounds can be as small as $500,000
“A Swedish round a could be basically 500,000 dollars.”
Erik Gatenholm Apr 18, 2016 ▶ 9:24 He 3D Prints Body Parts And Will Do $4m in 2016 with Erik Gatenholm of CellInk EP 241
Jun 9, 2016 positive
Disclosure
Adell: Doorman is aiming to raise a Series A on $1M-$5M annual revenue
“The next round that we're trying to raise is Series A and a pretty standard amount of revenue that a Series A investor is looking for is, you know, in the one to five million revenue range per year.”
Xander Adell Jun 9, 2016 ▶ 14:36 He is Killing That Annoying "We Missed You" Sticky Note the UPS Always Puts on Your Door, $3m Raised, 10 Teammates, EP 271: Zander Adell
Dec 12, 2016 neutral
Assertion Not checkable as stated
Founders typically dilute 20-30% in Series A and 15-25% in Series B
“Series A, you're generally, you know, looking at more like 20 to 30%, and if you're looking at a series B, you're anywhere from maybe 15 to 25% at the max.”
Allan Wille Dec 12, 2016 ▶ 10:20 EP 506: Klipfolio $7.9M Raised, 7000 Customers for Smarter Business Dashboards with CEO Allan Wille
Feb 22, 2017 negative
Insight
Myers: Maximizing Series A Valuation Hurts Subsequent Rounds
“I think a lot of companies make the mistake in series a round and sort of grabbing, you know, the biggest valuation they can possibly get away with. And I think that makes it tough in the following rounds.”
Andrew Myers Feb 22, 2017 ▶ 11:37 EP 578: Ripple Recruiting Passes 8,000 Ivy League Resumes With 15 Employers Paying $300/mo For Access with Ripple CEO Andrew Myers
Feb 27, 2017 neutral
Insight
Badshah: Raising a $5M Series A is pointless without deployment capacity
“I mean, there's no point in going and doing a five million dollar series A if we can't make use of that capital very quickly.”
Aseem Badshah Feb 27, 2017 ▶ 8:52 EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah
Apr 18, 2017
Insight
Alionço: Top-tier Series A rounds demand at least $100k MRR
“You need to be performing well, you need to have a really good ACV, you need to show how you are scaling up your sales team. And one of the most basic APIs is to be over at least 100 KMR. If you want to raise a really good Tuesday, at least with a top tier inv…”
Alessio Alionço Apr 18, 2017 ▶ 13:03 633: Pipefy $2.6M Raised, $50k MRR, Helping 400 Customers Organize Processes with CEO Alessio Alionco
Jun 16, 2017
Assertion Not checkable as stated
Nimble surrendered under 15% equity in its $9M Series A round
“Lower.”
John Ferrara Jun 16, 2017 ▶ 18:15 692: With Microsoft Deal and $225k MRR, Will He Win CRM Space?
Jul 8, 2017 positive
Assertion Supported
SupportPay has raised $7.1 million total, including a recent Series A.
“Yes, we've raised about 7.1 million dollars. We just closed our series A in December.”
Sherry Atwood Jul 8, 2017 ▶ 5:42 714: You Won't Believe What This Divorced Mom Raised $7 Million For
Nov 3, 2017 bullish
Prediction Not checkable as stated
Szczerba: $1M ARR will secure a $15M to $20M Series A valuation
“I think a good AIR at a million bucks is gonna get us a really nice Series A. Where you're selling 10, 20% of the company in good terms? 10, 20% of the company in good terms, you know pre-money valuation between the 15 to twenty-ish.”
Victor Szczerba Nov 3, 2017 ▶ 13:01 832: SaaS: Machine Learning and AI for Re-Engaging Customers, $250k ACV and $1.5m Raised
Nov 27, 2017 neutral
Insight
Hossain: Early venture rounds cause ~30% dilution via investors and option pools
“In every round, you know, think of it as a 30% dilution event because your investor is you know, they want to own a certain percent of their company. That's usually about, you know, again, people give ranges of the series A level about they want to own 20% aft…”
Nadim Hossain Nov 27, 2017 ▶ 11:33 856 SaaS: How Brightfunnel CEO Replaced Himself After Hitting $2m+ ARR, 45 Employees
Nov 27, 2017 neutral
Disclosure
BrightFunnel raised $650k angel, $2.25M seed, and $6M Series A
“Within a classic seed round or angel round, we called it of 650 K. Then we did you know, classic real seed round of two and a quarter million dollars. Then we did a series A of six million dollars.”
Nadim Hossain Nov 27, 2017 ▶ 10:55 856 SaaS: How Brightfunnel CEO Replaced Himself After Hitting $2m+ ARR, 45 Employees
Mar 30, 2018 neutral
Disclosure
Funnel raised its $10M Series A at a $30M post-money valuation
“Well, I guess it was ten million rates. So. Okay. 20, yeah. 20 pre and 30 posts.”
Fredrik Skantze Mar 30, 2018 ▶ 14:58 979 How Funnel.io 3x ARR to $2.1m in Last 12 Months
May 8, 2018 neutral
Disclosure
Eyeota raised $12 million total through its Series A round
“You know, the last, as of the Series A, we'd raise twelve million dollars.”
Kevin Tan May 8, 2018 ▶ 7:28 1018 Why He's Making Leap from AdTech to Data As A Service Business Model
Jun 22, 2018 neutral
Disclosure
Emergence Capital typically invests $5M to $10M in Series A rounds
“So typical check size is anywhere between five to ten million dollars going in, It's a series A”
Santi Subotovsky Jun 22, 2018 ▶ 2:47 1063 How We Spent $7m To Spin Crunchbase Out of AOL
Aug 6, 2018 neutral
Disclosure
Modus raised mid-single digit millions in Series A
“It was a simple Series A. It was, like, mid-single digits.”
Oren Broberg Aug 6, 2018 ▶ 4:41 1108 Minneapolis Sales Tech: "We're past $30m in ARR, will raise this year"
Dec 23, 2018
Disclosure
Von Sydow: Burt failed to raise Series A, took $3M bridge round
“So we raised a three million dollar seed, and then we completely failed at raising a sort of a decent sized series A, and we ended up doing like a three million bridge, and that was about it.”
Gustav von Sydow Dec 23, 2018 ▶ 9:13 1247 This SaaS Product Has No Website but Does $3m in ARR, How?
Feb 9, 2019
Disclosure
Asthana: Postman has raised $7 million in Series A capital
“So we've raised seven million in series A.”
Abhinav Asthana Feb 9, 2019 ▶ 11:18 1295 They Passed $700k in MRR Heling Developers Launch API's Faster
Mar 20, 2019 bullish
Disclosure
Birdzell: Oil and Gas Analytics plans Q4 Series A fundraise
“We are planning to go to the market in Q-IV to do a series A.”
Luther Birdzell Mar 20, 2019 ▶ 12:37 1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production
May 31, 2019 neutral
Assertion Contradicted
15Five reached near $10 million ARR without raising a formal Series A
“We've never done a formal series A.”
David Hassel May 31, 2019 ▶ 18:12 1406 How Continuous Improvement Platform 15Five Hit $10m ARR using Land and Expand
Jun 21, 2019 neutral
Assertion Supported
Boulder Series A rounds average $3M-$5M versus $6M-$10M in the Bay Area
“Typical series A, you know, in Boulder standards, that's three to five million in the Bay area. That's six to ten million.”
Alex Raymond Jun 21, 2019 ▶ 14:00 1427 Tool Helps You Drive Expansion Revenue, Passes 30 Customers $700k in ARR
Jun 21, 2019 neutral
Assertion Contradicted
Typical Colorado Series A rounds are $3M on $8M pre-money valuations
“I think in Colorado, we typically, and I'm just saying this based on people I've known raises that they've done. We're typically seeing three on eight.”
Alex Raymond Jun 21, 2019 ▶ 14:58 1427 Tool Helps You Drive Expansion Revenue, Passes 30 Customers $700k in ARR
Aug 6, 2019
Disclosure
RightMessage plans to stay profitable and avoid a Series A round
“Profitable out of the gate. So we're not looking to jump from the different to series A or anything like that.”
Brennan Dunn Aug 6, 2019 ▶ 12:35 1473 How to Raise $500k From Early Channel Partners To Break $20k/mo in MRR
Sep 2, 2019
Assertion Not checkable as stated
Bullhorn blew its entire $4 million Series A on its original idea
“Then we raised like nine months in, we raised four million dollars series a, which was promptly blown on the original marketplace idea.”
Art Pappas Sep 2, 2019 ▶ 5:26 1500 BullHorn Sold 60% Early On, Now $200m in ARR, E50+
Dec 12, 2019 positive
Disclosure
Scapic Aims to Close an Institutional Series A by January 2020
“We're in it. We're sort of doing an institutional series Aries, and looking to looking to perhaps go between the months of Jan and then northwards from there to try closing that out.”
Sai Krishna Dec 12, 2019 ▶ 13:50 1601 If All Content Becomes 3d With AR, VR, This CEO Will Be At The Center Of It
Dec 28, 2019 neutral
Disclosure
Sturges: AskHR targets Series A fundraise probably next year
“We are right now targeting for Series A probably next year.”
James Sturges Dec 28, 2019 ▶ 6:02 1617 How He Closed 50,000 Seat Deals on Day 1
Feb 16, 2020 bearish
Opinion
Malone: Venture capitalists moving downstream makes reaching Series A nearly impossible
“It's hard to make the jump from angel to series A now is almost impossible because the VCs have all moved downstream to the big money place.”
Mike Malone Feb 16, 2020 ▶ 24:38 1667 Top Tech Journalist Predicts We'll All Be Unemployed, Blockchain Takeover, Less Taxes!
Sep 11, 2020 bearish
Disclosure
Santalo prefers to avoid Series A and later venture capital entanglements
“There are series A and after entanglements, which I would much rather avoid if I can.”
Albert Santalo Sep 11, 2020 ▶ 11:47 8base is a next generation backend-as-a-service for powering SaaS and other go-to-market applications.
Oct 18, 2020
Assertion Not checkable as stated
Austin: L&D Series A valuations range from $25M to $40M pre-money
“I've seen series A companies in our space as low as 25 pre money and all the way up to forty million pre money.”
Ryan Austin Oct 18, 2020 ▶ 16:03 Synapse Breaking $1m Revenue, Using $500k Debt To Scale Productivity Tool
Oct 28, 2020 neutral
Insight
Grant: Recruited CEOs post-Series A typically receive 6% to 9% equity
“Post series A, it's usually between six and nine. So it's in that range.”
Jen Grant Oct 28, 2020 ▶ 15:43 Appify Recruits Powerhouse CEO, Hits 45 Customers for No Code App Building Platform
Nov 9, 2020 neutral
Disclosure
Fullcast Won't Raise Series A Until Passing $2M ARR
“We're looking at the safe note more as a bridge financing because we don't want to rule through a series A till we go past two million dollars in ARR.”
Dharmesh Singh Nov 9, 2020 ▶ 10:54 FullCast Hits $1.1m ARR, Pure SaaS From $1m Agency in Rev Ops Space
Dec 3, 2020 positive
Assertion Not checkable as stated
Rovello: Raising Series A with significant cash enabled future buyout terms
“We were not in a place where we raised when we were at less than zero. We already had significant cash on the balance sheet when we raised, and that's how we were able to raise on terms that allowed us to eventually put us in a position to buy out our series A…”
Jessica Rovello Dec 3, 2020 ▶ 20:23 She Hit $12m in Revenue, Raised $5m in VC, Then Just Bought Out Investors, How?!
Apr 23, 2021 neutral
Assertion Supported
Murthy: Seven Lakes raised a $20 million Series A in 2015
“Well, the company was doing services in 2009, all the way till 2015. We, this is before the first oil price dip and we raised a twenty million dollars in series A.”
Soumya Murthy Apr 23, 2021 ▶ 4:58 Oil SaaS! They Broke $7m, Can They Hit $10m This Year?
Jul 24, 2021 bullish
Disclosure
QuickOrder targets raising $20M+ in Series A funding
“So a minimum of ten million US dollars, but indications right now is that the market with the right multiple is willing to put in between 20 and thirty million US dollars. So, so it would probably be plus 20.”
Mads Vejderkop Jul 24, 2021 ▶ 10:41 QuickOrder Hits $6m Helping Restaurants Drive Loyalty. Next? Raising $20m on $100m Valuation.
Aug 5, 2021
Disclosure
Ardius targeted a $10M Series A before exiting to Gusto
“Our target was somewhere close to probably about 10 was what we were thinking about raising ten million.”
Josh Lee Aug 5, 2021 ▶ 18:06 Ardius Finds $500m in Tax Credits for Startups, Exits to Gusto
Aug 6, 2021 neutral
Disclosure
EstateSpace ruled out a Series A due to the exhaustion of fundraising
“So there's no, I've taken that off the table given how exhausting it was to raise some of the money just internally right now. So so no plan, no plans of like a formal series A at this point.”
Jonathan Fishbeck Aug 6, 2021 ▶ 13:40 EstateSpace Grows 200% to $2.2m ARR Bootstrapped Helping You Track Your Physical Assets
Sep 21, 2021 neutral
Disclosure
SalesImpact plans $6M to $7M raise before early 2022 Series A
“Probably about sort of a six or a seven. And then do a major A round in sort of February, March.”
Paul Fifield Sep 21, 2021 ▶ 14:20 SalesImpact In Talks to Raise $6m at $80m Valuation as they pass $4.5m Run Rate For Their Sales Coaching Platform
Sep 30, 2021 positive
Disclosure
Sidhu: SPIDR Tech turned down a Series A to be acquired
“In fact, we had the potential of competing term sheet. We had a term sheet for a series. I mean, we were we actually ended up turning things down because we felt like this was a very, very rare type of acquisition that we could have easily walked away from.”
Rahul Sidhu Sep 30, 2021 ▶ 12:00 Big exit or Acquihire? SpirdTech Exits With $2m+ in ARR and $4.5m Raised
Nov 17, 2021 bullish
Insight
Latka: High net retention drives Series A multiples more than growth
“The folks that are getting the highest multiples on their series A rounds are not the ones going revenue the fastest. It's the ones that have the highest net dollar retention, you know, one, 21, 30%.”
Nathan Latka Nov 17, 2021 ▶ 23:18 Tribe Hits $2.4m ARR, 300% Yoy Growth, $42m Valuation Helping Businesses Manage Their Communities
Nov 25, 2021 bullish
Prediction Didn’t hold up
MDI Health plans to raise a Series A within 12 months
“We'll probably raise a series a sometime in the next 12 months.”
Ariel Efragan Nov 25, 2021 ▶ 9:32 MDIHealth Raised $8m, Moving 6 PIlots To Full Time Customers With $1m+ ACV Potential
Dec 19, 2021 neutral
Disclosure
RentRedi Plans to Raise a $15 Million Series A
“So we're looking to raise about fifteen million.”
Ryan Brown Dec 19, 2021 ▶ 20:04 RentRedi Lands 5,000 Landlords as It Cracks $2m in Revenue and 3+ Product Lines
Dec 29, 2021
Disclosure
Ariza: Cargamos Targets $20M to $30M for Series A
“Right now we are targeting to raise more than 20, thirty million dollars.”
Ivan Ariza Dec 29, 2021 ▶ 14:37 Cargamos Does Last Mile Delivery in Mexico, Breaks $12m Revenue, Raising $30m Now
Jan 3, 2022 negative
Insight
Ujjainwalla: Never Give Up Over 20% Equity in a Series A
“To me, if you're giving up more than 20% equity in a series A, like everyone's different, but personally I would never do that.”
Pierce Eugenwale Jan 3, 2022 ▶ 11:55 Bootstrapper Does $25m Round with Secondary Building Future of Email Marketing for Enterprise Teams
Jan 11, 2022 neutral
Assertion Supported
Latka: Founders currently sell 10% to 20% equity in Series A rounds
“Most of the deals I'm seeing today, at least folks that come on the show, the series A's folks are selling between 10 and 20% today.”
Nathan Latka Jan 11, 2022 ▶ 8:43 Voice AI Company Raises $17m at $80m Valuation, 50x Revenue Multiple, Scaling Fast with NDR of 120%
Feb 2, 2022
Disclosure
Moth & Flame is targeting a $10M–$12M Series A round
“We're talking about 10 to 12.”
Kevin Cornish Feb 2, 2022 ▶ 14:01 VR Builder SaaS Hits $5m Revenue, Targeting $10m Series A Now
Feb 8, 2022 bullish
Disclosure
Golee targets 10k clubs and 50k euros MRR before H2 Series A
“This is why we're looking to do these series a in the second semester of 2022. We want to reach this moment with three metrics, very consolidated, which are clubs acquisitions. So right now we're working with more or less 3000 sports clubs and we want To reach…”
Tommaso Guerra Feb 8, 2022 ▶ 11:52 Software For Soccer Leagues Raises at $7m Valuation, Hits $35k in Monthly Revenue
Feb 22, 2022 bullish
Disclosure
Ashokan: Radius Agent raised Series A, expanding into eight states
“This year, we just raised our series A. So we're going to expand to eight more states.”
Biju Ashokan Feb 22, 2022 ▶ 3:30 The Next Redfin? Real Estate Broker SaaS hits $2.4m Revenue, $50m Valuation
Mar 31, 2022
Disclosure
Kossack: Aspireship targets $6M to $8M for Series A round
“Yeah, I think six to eight million is what we're looking at.”
Corey Kossack Mar 31, 2022 ▶ 18:28 Raising $6m Now? Software Platform Helps 70 SaaS Companies Hire Sales Reps
Jul 22, 2022
Assertion Contradicted
Latka: Most founders sell 10% to 15% equity in Series A
“Most people in their series A these days, you know, they're selling between 10 and 15% of the business.”
Nathan Latka Jul 22, 2022 ▶ 9:46 Clientpoint Breaks $3m ARR, Raising $5m on $45m Valuation now
Aug 3, 2022
Insight
Jovtenko: SaaS startups shouldn't raise Series A under $1.5M ARR
“You don't raise Series A until you got at least 1.5 million.”
Vlad Jovtenko Aug 3, 2022 ▶ 10:09 How he Negotiated $9m valuation with $1m ARR sales attribution SaaS tool
Jul 19, 2023 neutral
Assertion Supported
Murray: Median SaaS headcount is 16 at Seed, 36 at Series A
“If you're approaching that seed stage, median employees around 16, series A, 36, 82 for series B.”
Ben Murray Jul 19, 2023 ▶ 13:17 SaaS Founder Confessionals: Lessons Learned From Raising $500 Million Dollars
Jul 24, 2023
Insight
Appel: SaaS growth targets evolve from PMF at Seed to profitability at Series C
“Seed, product market fit, series A, prove you can sell it, series B, prove you can expand and keep those customers, series C and beyond, make it repeatable, profitable, and predictable, and then a big milestone, take a capital efficient model, move it to adjac…”
David Appel Jul 24, 2023 ▶ 8:04 3 Frameworks to Help Forecast & Inform your Board in Your First Three Year
Aug 10, 2023 neutral
Insight
Gallup: Quality Series A Investors Target 12% to 18% Dilution
“I think that, that most good funds and good deals are still looking somewhere between 12 and 18%. Some maybe 20%. Ownership in a round of the Series A style round. So, you know, anything in that range is, I think, acceptable.”
Darren Gallup Aug 10, 2023 ▶ 18:35 How Cyber SaaS Hit $2m ARR and 190 Customers So Fast
Aug 25, 2023 positive
Disclosure
Bhattacharya: Involve.ai retains over $10M of its $16M Series A
“75% of it, so ten million plus now.”
Gaurav "G" Bhattacharya Aug 25, 2023 ▶ 17:17 Team of 12 Hits $2.5m in ARR, $64m Valuation for Customer Success Tool. Can they beat Gainsight?
Sep 22, 2023 neutral
Insight
Rastogi: Seed Fundraising Has Deconstructed Into Multiple Bridge and Extension Rounds
“Seed has gotten deconstructed. So the, I'd say it's very rarely the case that a company just does one seed round and then, Go straight to series A. I mean, that of course does happen quite a lot, but in many other cases, the company ends up doing a seed to or …”
Anupam Rastogi Sep 22, 2023 ▶ 9:58 Behind The Term Sheet: How this $76m Seed Stage Fund Really Works
Nov 23, 2023
Disclosure
Stern: Streamline is raising Series A with active term sheets
“That was last year, and right now we're raising an A. Okay, interesting. And we have a couple of term sheets in play right now.”
Rachel Stern Nov 23, 2023 ▶ 14:56 How to build a $30m SaaS in 18 Months focusing on an unsexy niche
Jan 21, 2025 neutral
Disclosure
Arendtsz: Celigo raised Series A at nearly 5x revenue multiple
“It was not a four X, it was almost a five X in our series A round.”
Jan Arendtsz Jan 21, 2025 ▶ 7:42 While Zapier Gets all the Press, Celigo Just Doubled Revenue to $95m, CEO Jan Arendtsz
Feb 4, 2026 negative
Disclosure
Spiegel: December 2021 Series A peak valuation forced subsequent small up-rounds
“That was probably worse timing because it was at the end of, it was December of 20, 21. So it was literally right as we were falling off the cliff, right before we fell off the cliff. And so we got an amazing valuation at that. And then the few years after it …”
Matt Spiegel Feb 4, 2026 ▶ 10:24 How to Scale to $12M ARR: The Serial Founder Playbook for Vertical SaaS and Agentic AI
Feb 4, 2026 positive
Disclosure
Lawmatics raised Series A at greater than a 15x ARR multiple
“I want to say that it was in the I mean, more than 15 X. More than 15 X.”
Matt Spiegel Feb 4, 2026 ▶ 11:14 How to Scale to $12M ARR: The Serial Founder Playbook for Vertical SaaS and Agentic AI
Mar 5, 2026
Disclosure
Ledge founders took no secondary liquidity in their Series A round
“Not at the Series A, to be frank. I think, Both my founder and I are very much focused on the business right now. Don't have the need to take some money off the table at this point. And so it wasn't part of what we optimize for as founders.”
Tal Kershenbaum Mar 5, 2026 ▶ 16:28 How Ledge Reached $1M ARR with 24 Customers Paying $3K/Month | Tal Kirschenbaum
Apr 22, 2026 positive
Assertion Supported
Flip raised a $20M Series A with 300M automated calls
“We just announced our Twenty million dollar series a at the turn of the year. And with that also announced three hundred million phone calls automated to date, which is just, you know, when you start from nothing and you start at the beginning, three hundred m…”
Brian Schiff Apr 22, 2026 ▶ 9:46 Flip Reaches $12M ARR with AI Voice Support for 250 Brands
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