# 以下为纯文本简介，不带文件格式；详细内容请下载文档查看；
The Journey to
Series A in Europe
Part 3
in partnership with
June 2023
Key takeaways
Funding rounds between 2016–21:
●While Seed funding in Europe surged, most (80%) Seed rounds remained in the range of $1–4m.
●In numbers, share of $15m Series A almost doubled, while share of $7m Series A dropped from ? to ?.
Time from Seed to Series A for the 2016–18 Seed cohort:
●The median was ~24 months, but may in fact be at least 6 months longer due to the typical reporting lag.
●As with the 2012–15 cohort, conversion to Series A mostly (80%) occurred within 36 months.
Conversion rate from Seed to Series A within 36 months for the 2016–18 Seed cohort:
●Only 1 in every 4–5 companies has converted – no significant change relative to the 2012–15 Seed cohort.
●Companies with a Seed–focused VC fund invested in their Seed saw a higher conversion rate of 1 in 3.
●Only a handful of Seed–focused VCs which mostly led/co–led rounds, had a conversion rate of 50%.
Page / 2
The rationale for this analysis
●
●
●
Funding rounds are self–labeled with little consistency across di?erent companies and investors.
But robust benchmarks on the journey from Seed to Serie。。。以下略