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A Bridge Round is an interim round between rounds. It can make sense to raise a little more money to achieve some key milestones so the company can raise a larger round at a higher valuation later.

A company may raise a bridge round because it accidentally raised too little, because it spent too much money or is taking too long to achieve milestones, or because it previously raised in a hot market so it was raising small rounds at small intervals at higher valuations and now the market is getting difficult and they want to raise enough to get to the next round.

See this article from AngelList [] for more on bridge rounds. []

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