"Down round"
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The phrase carries a quiet stigma in startup circles, since it means investors who came in earlier are now sitting on a paper loss. Press releases that announce down rounds tend to be heavy on strategic framing and light on numbers.
The company closed a down round at a valuation well below its 2022 peak.
The company raised new funding at a valuation well below its 2022 peak.
Corporate Rank: Managing Director · Category: Startup & VC Jargon
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