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Dictionary by pitch.dog
Funding rounds & stages · Working

Top-up round

Also called: top-up financing

ELI5

Extra money added to complete the plan.

Used in conversation

“The top-up round closes the remaining runway gap.”

Definition

Additional financing that increases an existing round or fills a remaining funding need.

Here “Top-up round” means: Additional financing that increases an existing round or fills a remaining funding need.

Pitch context

You will see “Top-up 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.