Business Pitch Dictionary by pitch.dog
Cap table, ownership & dilution · Core

Series

Also called: preferred series

ELI5

A named type of investor share from a funding round.

Used in conversation

“The Series A and Series B have different preferences.”

Definition

In venture capital, a named class or round of preferred shares, such as Series A or Series B.

Here “Series” means: In venture capital, a named class or round of preferred shares, such as Series A or Series B.

Pitch context

You will see “Series” in fundraising decks, data rooms, term sheets and investor conversations when the discussion reaches cap table, ownership & dilution.

Why it matters: In cap table, ownership & dilution, 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 · 5

Direct term-level sources and supporting source families.