# Series A

*Startups & Venture Capital — Finicade finance glossary*

A Series A is the first large priced institutional round, funding a company that has found product-market fit to build a repeatable go-to-market engine. It's where formal governance arrives: a board seat, protective provisions, preferred stock with a liquidation preference. The gap between seed and Series A is the sector's most notorious failure point, and most seed-funded companies never cross it.

**Also known as:** series A round, series B, growth round

**Related terms:** [Seed Round](https://finicade.com/glossary/seed-round), [Product-Market Fit](https://finicade.com/glossary/product-market-fit), [Annual Recurring Revenue](https://finicade.com/glossary/annual-recurring-revenue), [Board Seat](https://finicade.com/glossary/board-seat), [Liquidation Preference](https://finicade.com/glossary/liquidation-preference)

Source: https://finicade.com/glossary/series-a