The intermediate stage of venture capital financing that follows the seed funding and first round stages and precedes the mezzanine level, which marks the eventual, more complete financial development either through a leveraged buyout (LBO) or an initial public offering (IPO). The second round is, by nature, a highly strategic phase where the entrepreneur targets a sophisticated venture capitalist who is well versed in the business and possesses remarkable investment skills.
December 21, 2023