The amount of money that you should raise for your start-up will depend on a number of factors, including the size and scope of your business, your financial projections, and the stage of your company. Here are some general guidelines to consider:
- Pre-seed funding: This is the initial funding that a start-up might raise to cover the costs of developing its concept and building a prototype. The amount can vary widely, but it is typically in the range of £50,000 to £500,000.
Seed funding: This is the funding that a start-up raises to further develop its product or service and bring it to market. The amount can range from a few hundred thousand pounds to several million pounds, depending on the specific needs of the business.
Series A funding: This is the funding that a start-up raises after it has launched its product or service and is generating revenue. The amount can vary widely, but it is typically in the range of several million pounds to tens of millions of pounds.
- Series B and beyond: These are subsequent rounds of funding that a start-up might raise as it continues to grow and scale its business. The amounts can be even larger than those raised in Series A.