The startup investment pool has gotten wider — more investor types, specifically angel investors, have joined the ecosystem. Angel investors who are investing significant capital into startups have pushed the Series A fundraise further into the future.
Looking at the data collected by CB Insights, the graph below illustrates, there has been a noticeable uptick in companies who’ve raised seed financing exceeding $3 million but who’ve not raised what they call a Series A. In fact, there are more than seven times the number of tech companies with more than $3M in pre-Series A funding in 2014 YTD vs 2010. And this is only through the first nine months of 2014.