Definition
Taking investor money in tranches rather than waiting for a formal funding round close, a practice that sounds efficient but often indicates the fundraising process isn't actually complete.
Example Usage
We did rolling closes for our Series B, taking $5M from the lead investor in month one and $8M from others over the next three months, a process that kept us in constant fundraising mode.
Origin
From financial transactions and capital deployment terminology
Fun Fact
Rolling closes extend the fundraising cycle and increase founder distraction, but feel more efficient than they actually are
Source: Venture capital funding process terminology
Related Terms
Translate This Term
See “Rolling Closes” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
Try the Translator