Series A Crunch Worsens

Fenwick & West's annual seed financing study found that the Series A crunch has worsened. The survey found that 45% of companies receiving seed funding in 2010 raised a Series A funding by the end of 2011. But only 27% of companies receiving seed funding in 2011 had raised a Series A funding by the end of 2012. What's more, nearly a quarter of companies funded in 2011 raised follow-on seed financing compared with just 12% the year before.

North AmericaUSBriefs