It is the ideation stage, where founders, friends, and family fund. Equity is not diluted with funding.
This is a stage where angel investors also invest. Funds are used to develop products and do surveys to know the customer size and demands. Valuation: Up to $2m
Businesses with positive backtracks and growing traction go for this. Business development and organizational growth are focused. Valuation: $2M to $15M
The focus is to grow the company and acquire a larger consumer base. Spending on advertising and talent acquisition is done. Valuation: $30M to $60M
Companies become big, and with this fund, it goes for R&D, acquiring competitors. Funding might end here, but Series D, E might follow. Valuation: At least $118M