Pre-seed

The earliest institutional funding round, usually before or around product launch.

The earliest institutional funding stage, usually angels and specialist VCs.

The institutional round before Seed, typically pre-scale and often post-revenue in hardware. Qalzy's is backed by Jenson Ventures.

The earliest institutional funding stage, often from an accelerator or angels.

Earliest stage of institutional funding, typically used to validate an idea, build an initial product, and find early customers. Often raised from friends, family, and angel investors.

The earliest formal stage of startup funding, typically used to validate an idea, build a prototype, or hire a first co-founder before a formal seed round.

The earliest stage of institutional funding — before seed — typically when a company has little to no revenue and investors are betting almost entirely on the founding team and the problem thesis.