Definition
The attempt to prove you weren't just lucky with Series A and that your unit economics actually work at scale.
Example Usage
Our Series C is focused on international expansion; we're raising $50M.
Origin
Logical continuation of Series naming; widespread by 1990s.
Fun Fact
Only ~20% of Series B companies raise a Series C; survival drops dramatically with each round.
Source: Startup / Venture Capital vernacular
Related Terms
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See “Series C” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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