Bridge down rounds on the rise

Apr 25

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Data Insights

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Aumni

Higher than usual prevalence of equity financing rounds persisted last year, while down bridge rounds increased in Q3 and remained high through year-end.

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Down round prevalence increased to 12.45% of all rounds in Q4 2023, while flat rounds remained steady at 6.23% of all rounds in Q4, according to data from Aumni-tracked venture deals.

Bridge down rounds, defined as financing events in which a Convertible Note or SAFE issued by a company contains a valuation cap lower than the post-money valuation of the immediately preceding round, increased to 30.22% in Q3 and stood at 29.15% in Q4.Want to explore more?

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Want to explore more? This is one of dozens of charts and related insights in Aumni’s Venture Beacon Year End 2023 Report.

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Photo by Alex Kotliarskyi on Unsplash.}

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