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Dictionary by pitch.dog
Funding rounds & stages · Specialist

Mezzanine round

Also called: pre-IPO round

ELI5

A final private round before a possible public listing.

Used in conversation

“The mezzanine round includes public-market investors.”

Definition

A late private financing intended to bridge toward an IPO or other major liquidity event.

Here “Mezzanine round” means: A late private financing intended to bridge toward an IPO or other major liquidity event.

Pitch context

You will see “Mezzanine 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.

Connected terms

  • Pre-IPO roundThe search label “pre-IPO round” can route to both entries.
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Sources & evidence · 8

Direct term-level sources and supporting source families.