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Venture Financing

Priced Round

A raise with an agreed per-share price and a fixed valuation

What it is

A priced round is a fundraise where the company and investors agree on an actual per-share price, which means they first agree on a valuation. Investors buy newly issued preferred shares at that price, so everyone knows exactly what percentage of the company changed hands. Series A, B, and C are all priced rounds.

Why it matters

Unlike a SAFE or convertible note, a priced round sets a hard valuation and issues real shares, triggering the full legal machinery (term sheet, board seats, liquidation preferences). It is the moment a startup's ownership and governance get formally locked in.

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