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Up rounds are up

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The prevalence of up rounds increased in the first few months of the year, as flat and down rounds both decreased, according to data from Aumni-tracked venture deals.

When looking at the combined early- and late-stage trend, the frequency of up rounds rose to 64.8% of all equity financings at the end of Q1, from 57.8% at the end of 2023. Over that same period, flat rounds fell to 10.5% from 13.6%, and down rounds dropped to 24.6% from 28.6%.

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