Business Pitch Dictionary by pitch.dog
Funding rounds & stages · Working

Series D

Also called: Series D round

ELI5

Another later venture round after Series C.

Used in conversation

“The Series D is financing expansion before a public listing.”

Definition

A later preferred-equity round following Series C; the meaning depends on company history rather than a universal stage.

Here “Series D” means: A later preferred-equity round following Series C; the meaning depends on company history rather than a universal stage.

Pitch context

You will see “Series D” in fundraising decks, data rooms, term sheets and investor conversations when the discussion reaches funding rounds & stages.

Why it matters: In funding rounds & stages, 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 · 8

Direct term-level sources and supporting source families.