Startups that attract seed funding find it hard to raise followon funding

Less than one in three startups that attract seed funding manage to raise followon funding in the form of a Series A round, a study by Venture Intelligence shows. Out of the over 2,500 startups that had raised seed funding between 2015 and 2022, only 29 per cent (i.e., 734 companies) managed to raise a Series A round (typically the first round of institutional Venture Capital funding), the study titled Series A Landscape Report found.