A company closes its round successfully if it hits its minimum target for the round. At this point, the company is in overfunding and may take in further investment up to its agreed funding cap/overfunding limit.

Importantly, we would only ever transact funds committed by our investors if the company reaches its minimum target – that is, through investment received from all sources in the funding round (i.e. from SyndicateRoom as well as other investors).

For further information on the minimum target, see the FAQ on criteria.