Capitaly early access is opening now. New insights every week on venture and fundraising.Subscribe on Substack
Capitaly insights

Funding rounds

Guidance for pre-seed, seed, Series A, later rounds, and the milestones between them.

Guide

Antler: How to Get Into the Global Pre-Seed Program

A step-by-step guide to the Antler application, selection, and residency. Learn what Antler looks for, how to stand out, and how to prepare for the pre-seed

TCThe Capitaly Team
Read more
Guide

The $100K Check That Changes a Pre-Seed Founder's Fate

How a single $100K angel check transforms pre-seed fundraising odds. Real founder case studies, cap table math, and why this amount matters disproportionately.

TCThe Capitaly Team
Read more
Guide

The 2026 Pre-Seed Check Ladder, Explained

Map the pre-seed funding ladder by source: friends, angels, syndicates, micro-VCs. Timing, check sizes, and what each investor type expects in 2026.

TCThe Capitaly Team
Read more
Guide

2026 Prediction Watch: Who Already Got It Wrong

Early-January audit of 2026 VC predictions. Which forecasts are already failing? Real data on AI funding, seed rounds, and founder expectations.

TCThe Capitaly Team
Read more
Guide

Anthropic's Funding History, Visualized

Track Anthropic's journey from $124M Series A to $380B valuation. Annotated timeline of every funding round, investor shifts, and strategic inflection points.

TCThe Capitaly Team
Read more
Guide

The April 2026 Fundraising Environment: A Real Read on Deal Velocity

April 2026 fundraising trends: deal velocity, valuation compression, and stage-by-stage funding pace. Real data on seed, Series A, and growth-stage rounds.

TCThe Capitaly Team
Read more
Guide

The Case Against the $100M Seed Round

Why ultra-large seed rounds hurt dilution, board dynamics, and hiring discipline. Real examples of mega-seed failures and better alternatives.

TCThe Capitaly Team
Read more
Guide

February 2026 in Review: The Month's Most Important Deals

Deep dive into February 2026's biggest venture deals. Analyze funding rounds, investor thesis shifts, and what founders should learn from this month's.

TCThe Capitaly Team
Read more
Guide

How NEA Rebuilt Its AI Thesis in 18 Months

NEA overhauled its AI investment strategy in 18 months. See how the mega-fund now evaluates seed and Series A AI startups, and what founders need to know.

TCThe Capitaly Team
Read more
Guide

Inside a 2025 Series B Term Sheet Negotiation

Reconstruct a real 2025 Series B term sheet negotiation clause-by-clause. Learn valuation, preferences, board control, and founder tradeoffs.

TCThe Capitaly Team
Read more
Guide

Institutional VCs vs. Emerging Managers: Which Partners Actually Move Fast on Your Round?

Institutional VCs vs. Emerging Managers: which move faster on funding rounds? Real timelines, decision-making differences, and which structure suits your stage.

TCThe Capitaly Team
Read more
Guide

January 2026 in Review: Deals, Drama, and Data

January 2026 startup funding roundup: deal volume, valuations, sector trends, and market drama affecting founders and investors raising capital.

TCThe Capitaly Team
Read more
Guide

MFN Clauses Are Getting Weirder: The New SAFE Note Conversation

How MFN clauses evolved in 2025 and what founders should accept or push back on in 2026 pre-seed rounds. Real examples inside.

TCThe Capitaly Team
Read more
Guide

Why the Post-ZIRP Seed Round Looks Different in Q4 2025

Seed rounds have structurally shifted post-ZIRP. Explore 2025 funding trends, valuation resets, and how founders must adapt their capital raising strategy.

TCThe Capitaly Team
Read more
Guide

Pre-Seed in 2026: When to Skip the $1M Round Entirely

Should founders skip the $1M pre-seed entirely? New data on bimodal funding, capital efficiency, and when a priced seed makes more sense than a mid-sized round.

TCThe Capitaly Team
Read more
Guide

Pre-Seed Round Structures: Priced Equity vs SAFE, Revisited for 2026

Compare priced equity and SAFE structures for pre-seed fundraising in 2026. Real examples, dilution math, and founder-investor tradeoffs explained.

TCThe Capitaly Team
Read more
Guide

Sunday Case Study: Ramp's Latest Funding Round Decoded

Deep dive into Ramp's Series E funding: structure, investors, valuation mechanics, and key takeaways for fintech founders raising capital.

TCThe Capitaly Team
Read more
Guide

The SAFE Note Playbook: What Founders Need to Know Before Signing

Master SAFE notes: mechanics, valuation caps, discounts, vs. convertible notes, and red flags. Essential guide for pre-seed founders raising capital.

TCThe Capitaly Team
Read more
Guide

The Seed Strategy Memo Every Founder Should Write in Q4

Write a seed strategy memo in Q4 to clarify fundraising decisions. Template, examples, and framework for founders raising pre-seed and seed rounds.

TCThe Capitaly Team
Read more
Guide

Series A Benchmarks in Late 2025: Real Numbers From 40 Rounds

Real Series A data from 40 recent rounds: median round size, revenue multiples, valuation ranges, and what founders need to hit to raise in late 2025.

TCThe Capitaly Team
Read more
Guide

Stripe's 2026 Valuation and What It Says About Fintech Comps

Stripe hits $91.5B in 2026. Here's why its valuation resets fintech benchmarks and what it means for founders raising Series A through C rounds.

TCThe Capitaly Team
Read more
Guide

The Case For the $100M Seed Round: A Rebuttal

Why mega-seed rounds of $100M+ are rational in the AI era. A data-driven rebuttal to conventional VC wisdom on seed sizing.

TCThe Capitaly Team
Read more
Guide

The Weekly Agentic Startup Brief: What's Raising and Why

Track this week's agentic AI startup funding rounds. Real deals, real valuations, real thesis commentary on autonomous agents reshaping enterprise.

TCThe Capitaly Team
Read more
Guide

Why 'Dilution Anxiety' Hurts Pre-Seed Founders Most

How fear of equity dilution at pre-seed leads founders to raise too little, stalling growth and weakening Series A outcomes. Real numbers inside.

TCThe Capitaly Team
Read more