> For the complete documentation index, see [llms.txt](https://docs.unlocks.app/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.unlocks.app/tokenomist-pro/fundraising-analytics/fundraising-screener/understand-funding-stages.md).

# Understand Funding Stages

Tokenomist categorizes funding rounds across multiple stages of the project lifecycle:

#### Early Stage Funding

* **Pre-Seed**: Initial funding from angels, friends, family, and builders to validate concepts
* **Seed Round**: Early-stage funding including extensions to develop products and achieve initial traction
* **Private Round**: Private token sales to investors before public launch with discounted pricing
* **Public Round**: Specialized public sales for validators, node operators, or specific participant groups
* **Public Token Sale**: Broad public distribution through ICOs, IDOs, IEOs, and launchpads

#### Traditional VC Rounds

* **Series A-Z**: Traditional venture capital equity rounds for companies with corporate structures alongside tokens
* **Pre-Series A-Z**: Bridge funding between major series rounds to reach specific milestones
* **Series Extensions**: Additional funding within existing series to extend runway without new valuations

#### Alternative Funding

* **Strategic Round**: Funding from exchanges, protocols, and corporations seeking ecosystem synergies
* **Accelerator**: Structured programs providing capital, mentorship, and resources to early-stage projects
* **Grant**: Non-dilutive funding from foundations and ecosystem programs without equity requirements
* **Undisclosed**: Confidential funding rounds where terms or participants remain private
* **Uncategorized**: Non-standard funding structures and hybrid arrangements