In the world of startup finance, a bridge round refers to efforts by young companies to raise a small amount of money to help them get to their next major round of financing. Bridge rounds usually occur when companies have fallen behind plan and missed a milestone.
These days I am seeing a very specific kind of bridge round becoming very common — so common, in fact, that it has almost become a specialty of mine and my co-investors. I am calling this the “gangway” round, after the bridge used to board a ship from the pier.
What is a Gangway Round and How is it Used by Startups?
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