By Caye Hurtado, Balderton Capital
Only 9% of seed-funded startups in Europe raise Series A business funding in less than 18 months. It’s a rare startup that successfully makes it from seed to Series A in under three years.
Research from Dealroom suggests that the average time to achieve next-level business funding is 18 months – with the majority of companies not hitting this milestone until month 36. In fact, only 5% of startups successfully complete Series A funding rounds within the first year.
Although there can be a modicum of luck involved, such as being in the right place at the right time, the most successful startups know that the best way to guarantee success is to have a strong plan....