Business Pitch Dictionary by pitch.dog
Fundraising process & investor pipeline · Working

Final close

Also called: closing date

ELI5

The point when the round is finished.

Used in conversation

“The final close is scheduled for the end of the quarter.”

Definition

The last completion after which no further investors are admitted to that financing.

Here “Final close” means: The last completion after which no further investors are admitted to that financing.

Pitch context

You will see “Final close” in fundraising decks, data rooms, term sheets and investor conversations when the discussion reaches fundraising process & investor pipeline.

Why it matters: In fundraising process & investor pipeline, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 6

Direct term-level sources and supporting source families.