Raise Millions by Hustle Fund VC Page 13 Series A You know you’re ready to raise your Series A when you’ve found product-market fit, that sweet spot where your product fits so well with what customers want. You have strong evidence that you can capture a decent share of the huge market. You’ve shown that you can recruit A-players and have a solid team that can execute your vision. Series A rounds are more substantial than previous rounds, ranging from $5M to $10M. They typically involve a lead investor, the first and main investor in a funding round who puts half or more of the money into the round. This stage is also when you typically form a board of directors (outside of your co-founders), to whom you'll report quarterly on your progress. The typical traction range at this stage is $2-3M/year. To sum it up These numbers are the typical ranges that we’ve seen in the venture world. But just because a company has these traction marks doesn’t guarantee it’ll be able to raise money successfully. Factors like your location, type of business, business model and more will impact your fundraising strategy. hustlefund.vc / @hustlefundvc