I often see such news.
Ofo completed the E2- 1 round of financing, and the financing amount was as high as the platform announced that it had won the B round of 866 million US dollars and the financing amount was 375 million RMB. So, what is the concept of ABCDE round financing? What about seed wheel and angel wheel? What is the difference between them? In fact, there is no strict definition of financing rounds. Simply put, it can be divided into the following categories:
1, seed wheel:
There is only one concept in the project, which is financed by brushing face.
2. angel investment (AI):
Angel investment is generally invested by early start-up project companies, which have a preliminary product appearance (prototype), a preliminary business model, some core users (angel users), and even some have no complete product and business plans. At this time, angel investment is generally to find angel investors and angel investment institutions. Angel investment is a kind of venture capital, and the investment amount is generally small. The investment scale is generally 1 10,000 RMB to 1 10,000 RMB. The original angel investors were called 3F, that is, family, friends and fools. Angel investors generally quit after the A round.
3. A round of financing
The company's products have matured, started normal operation for a period of time and have a complete and detailed business and profit model, which has a certain position and reputation in the industry. At this point, the company may still be at a loss. The source of funds is generally a professional venture capital institution (VC), and the investment is generally in the order of100000 RMB to100000 RMB.
4. Round B financing
After a round of burning money, the company has achieved great development, and some companies have begun to make profits. There is no problem with the business model and profit model. It needs to develop new business and expand new fields, so it needs more capital flow. The source of funds is mostly the last round of venture capital institutions combined with new venture capital institutions, and private equity investment institutions (PE) join, with an investment of more than 200 million yuan.
5. Series C financing
The company has developed to a very mature stage and has begun to make profits, which is basically the top three in the industry and is not far from listing. In addition to expanding new business, this round also has the intention of completing closed-loop business and writing a story to prepare for listing. The source of funds is mainly PE, and some previous V (will also choose to vote. Investment amount: RMB 654.38+0 billion. Generally, it will be listed after the round, and some companies choose the D round of financing, but not much.
6. Upgraded versions of D, E and F financing.