Coronavirus Spoils Funding Party For Growth-Stage Startups
Beyond this panic, the big question for startups is keeping business running with all offices having to down their shutters temporarily.
With allowing work from home for employees, startups are ensuring the business keeps running as smoothly as possible given the circumstances.
Among the primary stages of startup funding — seed, growth, late and bridge — the most impacted have been growth (Series A and B) and late (Series C and above) stages.
Given that high-value deals are largely dependent on physical meetings, growth-stage startups have not been able to close out on existing talks or begin new ones.
Besides, beyond Series B, the funding rounds involve multiple face-to-face meetings and due diligence on both investors and business side.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
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