Compare Series A and Series B by revenue bar, dilution, board dynamics, and investor expectations.
Series A is about proving a repeatable channel. Series B is about proving the machine scales. The metrics bar, the check size, and the investors are all different.
$8-15M priced round, $40-80M post. ~$1M ARR growing 3x, one repeatable acquisition channel, real retention data.
$20-50M priced round, $150-400M post. $5-10M ARR, 2-3x growth, gross margin visibility, and an efficient CAC payback.
Most A-funded startups stall at $3-5M ARR. The B bar has moved up; plan 24 months of runway and a clear channel scale story before you leave the A.
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