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Insightful articles relevant to any stage of your company’s growth, written by DLA Piper authors.

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Down Rounds 101

When a private company offers additional shares for sale at a lower price than the price sold in the previous financing round, that offering is known as a “down round.” Stated differently, a fundraising round is said to be a “down round” when the company’s pre-money valuation in the round is lower than the post-money valuation of the previous round.