Second closing time for series B rounds

Series B extensions represent one third of all series B offerings this year

May 19, 2023 8:19 PM UTC

As flat rounds become the new up-rounds, this year has also brought a rise in the number of companies disclosing a second or third closure of a series B round, reflecting investors’ acceptance of the need to put more money into companies without an increase in valuation.

Series B round extensions are at a high in 2023, representing about one third of all series B rounds...