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

Up round

Also called: valuation up-round

ELI5

The new round values the company higher than before.

Used in conversation

“The up round still creates dilution despite the higher valuation.”

Definition

A financing completed at a higher company valuation than the previous priced round.

Here “Up round” means: A financing completed at a higher company valuation than the previous priced round.

Pitch context

You will see “Up round” 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.