💰 Funding

Bridge rounds

Lesson 8 of 10 · 5 min read

A bridge is a small round between priced rounds, usually because growth was slower than planned.

Red flag: every bridge prices at the previous round's terms means dilution piles up fast. Green flag: existing investors lead the bridge — they still believe.

If no existing investor wants to bridge you, the message is loud.

Investor updates that workConvertible notes