Startup funding rounds: from founding round to exit

1. Founding Round or Pre-pre-seed

This is the first capital injection, used to incorporate the company and take the first steps.

It usually comes from the founders themselves, friends, and family (Friends, Family & Fools – FFF).

• Goal: cover expenses such as notary, legal fees, initial technical tests, or market studies.
• Typical ticket: €10k – €100k.
• Equity: 5% – 15%, depending on contribution and trust.

📌 Useful resources:

• Investopedia – Pre-seed funding
• Crunchbase – Startup Investment Glossary

2. Pre-seed Round

At this stage, the company is already incorporated and needs capital to develop the MVP (minimum viable product) and validate hypotheses with real users.

• Goal: functional prototype, first usage metrics, validation with hospitals or universities.
• Typical ticket: €100k – €500k.
• Investors: specialized business angels or venture studios such as Goo Ventures.
• Equity: 15% – 30%.

📌 Useful resources:

• Seedrs – Early-stage funding rounds
• Startup Genome – Funding Stages

3. Seed Round

This phase comes once the startup has gained initial traction (users, pilots, first sales). The capital is used to grow and prepare for scalability.

• Goal: consolidate the business model, generate recurring revenue, hire key talent.
• Typical ticket: €500k – €2M.
• Equity: 15% – 25%.

At Goo Ventures, this is the moment to attract co-investment from venture capital funds specialized in HealthTech.

📌 Useful resources:

• Global HealthTech Market Report – Grand View Research

4. Series A

Raised when the startup has already proven that the model works. The goal is to scale internationally and professionalize the organization.

• Goal: geographic expansion, large-scale marketing, international certifications.
• Typical ticket: €2M – €10M.
• Investors: venture capital funds, strategic corporations, international co-investors.

5. Series B and beyond

From this point forward, funding rounds focus on massive scaling, strategic acquisitions, and global consolidation.

In sectors such as HealthTech, large international funds and corporates from the healthcare or pharmaceutical sector often join in.

6. Exit (IPO or Acquisition)

The exit is the moment when investors realize their return:

• IPO (Initial Public Offering): the startup goes public, ringing the bell on markets like Nasdaq.
• M&A (Mergers & Acquisitions): another company acquires the startup.

💡 Example: a telemedicine startup developed with Goo Ventures could be acquired by a major hospital group or an international insurer.

📌 Useful resources:

• Startup Genome – Global Startup Ecosystem Report

Conclusion: Every round is a step toward maturity

Funding rounds are not just about money. They are milestones of trust between founders, investors, and the market.

At Goo Ventures, we help structure every stage:

• From the founding round, ensuring the company is born with the right structure.
• To Series A, where we seek international co-investment to scale health, sports, and wellbeing projects.

👉 Are you an investor or entrepreneur in HealthTech?

Let’s talk. At Goo Ventures we co-create startups with global impact and guide their funding step by step.