Meaning of “first-round financing” in the English Dictionary

business-english dictionary

"first-round financing" in Business English

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first-round financingnoun [ U ]

uk us

FINANCE the first amounts of money that investors provide, or that financial organizations lend, in order to start a new company:

The growing interest in biotechnology helped the company raise $13.6 million in first-round financing.

(Definition of “first-round financing” from the Cambridge Business English Dictionary © Cambridge University Press)