STARTUPS TAKE LONGER TO CLOSE ROUNDS AS FUNDING CLIFF LOOMS

Summary from the TLDR Founders newsletter

Startups are taking longer than ever to secure Series B funding after their initial Series A round, with the median time gap reaching a record high of 28 months in 2024. While some companies in hot sectors like AI have managed to raise funds in quick succession, others have taken over five years to close their Series B, and many startups that raised money during the 2020-2021 boom years have yet to secure additional funding.