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Dictionary by pitch.dog
Funding rounds & stages · Working

Flat round

Also called: flat financing

ELI5

The company's valuation is about unchanged.

Used in conversation

“The flat round includes stronger investor rights.”

Definition

A financing completed at roughly the same valuation as the previous priced round.

Here “Flat round” means: A financing completed at roughly the same valuation as the previous priced round.

Pitch context

You will see “Flat round” in fundraising decks, data rooms, term sheets and investor conversations when the discussion reaches funding rounds & stages.

Why it matters: In funding rounds & stages, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

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Sources & evidence · 8

Direct term-level sources and supporting source families.