Types of Funding for Each Stage of Startup
Knowing your startup well is a sure way to secure the right funding
Knowing the stage of your startup and the type of funding required will assist you in securing the right type of investments for your business. We have carefully compiled all you need to know about the stages of startups and the required funding.
Stages of Startups and Related Type of Fund
IDEATION; Pre-product and revenue, only idea. Angel investor networks, incubators, friends/family members, grant-making foundationsAngel investor networks, incubators, friends/family members, grant-making foundations
BUILDING; Working on developing a product or service, hiring team. Accelerators, angel investor networks, crowdfunding platforms, public/semi-public grants, foundations
PROTOTYPE; Finished prototype in users’ hands, getting feedback. Seed-stage venture capital firms, impact investors, crowdfunding platforms, corporates, public/semi-public grants
PROOF OF CONCEPT; Refining product, reaching a larger audience. Seed-stage venture capital firms, corporates, crowdfunding platforms, impact investors
GROWTH; Early market success, expansion, and growth to new geographies or new products. Venture capital firms, private equity firms, banks, impact investors, public/semi-public funders, family offices,
