A+ round of financing is one more round than A round of financing, but it is not B round. Strictly speaking, there is no difference between the two, but the degree is different. A round of financing is also called the first round of financing. After the general company's products are finalized, they start to operate normally for a period of time, and have a complete and detailed business and Li Sheng model, which has a certain position and reputation in the industry. But at this time, the company may still be at a loss, so the source of funds is generally a professional venture capital institution. Generally speaking, the order of financing is angel investment →A round (1 round) →B round (2 rounds) →C round (3 rounds) and so on. So you can understand that the two are different periods of the same financing stage, and A+ is additional financing, and there is no difference between them.

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1. seed wheel-team, idea, product;

Seed financiers are usually just thinking and talking.

Team, but there is no initial state of specific products. Investors are usually entrepreneurs themselves, but some angels and incubator funds pay attention to angel round investment opportunities.

The seed round project is extremely risky, and the financing amount is generally 50.

12 million

2. Angel Wheel-the product is visible and the business model is clear;

The angel stage project not only has ideas and teams, but also

There are mature products on the line, and there are preliminary business plans for the products; At the same time, it has accumulated some core users, and the business model is in the verification stage. At this time, it is most appropriate to find angel investors or institutions and start angel round financing. The financing amount is about 3 million to 5 million. The investment risk at this stage is also great.

3.Pre A round-a certain scale;

The company's early overall data has a certain scale, only

If it has not occupied the forefront of the market, it can carry out the PreA round of financing.

4. Round A-a mature business model, leading the industry and taking shape.

Scale;

At this stage, the main feature of an enterprise is its mature production.

Products, complete and detailed business and profit model have a certain position and reputation in the industry. Compared with the angel wheel, the investment risk at this stage is much lower.

5.A+ round of financing

New investment institutions hope that after the A round of financing,

Come in, at this time the company's business has not made new progress, and the valuation has not changed.

6. Round B-Verification of business model, expansion of new business and new fields, and strong competitive advantage; At the time of this round of investment, the main characteristics of the company are that the business model and profit model have been well verified, and some have begun to make profits.

7. Round C-the head enterprise in the industry, preparation before listing. At this time, the company's main feature is that the model is very mature, at the head of the industry, and is preparing to go public. At this time, the purpose of financing is to continue to expand new business, and to form a closed-loop business through acquisition or self-development to meet the capital needs before listing. At this time, the investment risk has been greatly reduced and the prospect is bright.

8. Round D, E and F financing-in fact, it is an upgraded version of Round C. Generally, both Round C and Round D are constantly expanding, including another competitor burning money with each other. For the same model in the same segment, it is generally impossible for a third party to obtain financing after the C round. In addition, some people who have achieved good returns or even breakeven after the B round do not necessarily need new financing after the C round. Round C and D are generally hundreds of millions of RMB.