This stage typically refers to the period in which a company’s founders are first getting their operations off the ground. The most common ‘pre-seed founders are the founders themselves or friends and family.
This early financial support is ideally the ‘seed which helps the business grow. Seed funding helps a company finance its first steps, including things like market research and product development. With Seed funding, a company has assistance in determining what their final products will be and who its target demographic is. Seed Funding is also used to employ a founding team to help implement its tasks.
Once a business has developed a good track record ( an established user base, consistent revenue figures and other performance indicators), it utilizes the Series Funding to develop new products, expand into new markets or even acquire other companies.
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