Series C (Series C Funding)
Late-stage funding for established companies with proven business models, often used for major expansion or preparation for exit.
Definition
Series C funding is typically the third major round of venture capital investment. Companies at this stage are well-established with strong revenue, market presence, and proven profitability or clear path to profitability. The funding often supports major expansion initiatives, acquisitions, or preparation for an exit.
Typical Characteristics
- • Funding range: $20M - $100M+ typically
- • Investors: Late-stage VCs, private equity, institutional investors
- • Stage: Mature business, preparing for scale or exit
- • Equity: 5-15% typically given to investors
- • Timeline: Often last major round before exit
- • Focus: Global expansion, acquisitions, or IPO preparation
Real-World Example
Fintech Company: Raises $75M Series C at $1B+ valuation (unicorn status)
The company has significant revenue, multiple product lines, and uses funding for international expansion and potential acquisitions.