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

Hard commitment

Also called: committed capital

ELI5

An investor has firmly agreed to invest.

Used in conversation

“The round has four million in hard commitments.”

Definition

A firm commitment to invest, subject to stated conditions and closing.

Here “Hard commitment” means: A firm commitment to invest, subject to stated conditions and closing.

Pitch context

You will see “Hard commitment” 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.