[1] The capital raised during a series A is usually intended to capitalize the company for 6 months to 2 years as it develops its products, performs initial marketing and branding, hires its initial employees, and otherwise undertakes early stage business operations.
As equity crowdfunding becomes more established, startups are increasingly raising their Series A round online using platforms like Onevest and SeedInvest in the US.
Larger amounts are usually unwarranted given the cost of business in fields such as software, data services, telecommunications, and so on.
However, there are routinely series A rounds in excess of $10 million in fields such as pharmaceuticals, semiconductors, and real estate development.
Series A rounds also occur in non-technology industries and receive investment from investment banks, corporate investors, angel investors, public agencies, and others, that receive less press coverage than technology startup funding rounds.