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

Rolling close

Also called: rolling closing

ELI5

Investors complete the deal in stages.

Used in conversation

“A rolling close gives the company cash earlier.”

Definition

A fundraising structure in which investments close at multiple times rather than all at once.

Here “Rolling close” means: A fundraising structure in which investments close at multiple times rather than all at once.

Pitch context

You will see “Rolling 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.