Angel Round” or Angel Financing is a round of Financing involving an Angel Investor or Angel Group, which typically occurs after the initial Seed Funding from the Founders and their Friends and Family, and before a larger Financing round from Venture Capitalists and other Institutional Investors. An Angel Round often is structured as Convertible Debt, Series Seed Preferred Stock or Series A Preferred Stock.

For more information regarding Angel Rounds, please see the related resources from the Legal INCubator: