Bridge down rounds on the rise

Apr 25

Data Insights


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

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?

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.