The definition of 'Lift round'
A lift round is a funding round that has raised its minimum funding target from an angel syndicate or other professional investors before the opportunity goes live on SyndicateRoom. In such cases, we will have negotiated an exclusive chance for our members to invest in an extension of the round.
A lift round has the following rules:
- Minimum investment remains £1,000
- Minimum target already achieved; lift rounds will always successfully close
- As with all SyndicateRoom investments, SR investors receive the same share price and same class of share as the lead investors