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Glossary Term
Friends & Family Round
Definition
A Friends & Family Round is an initial stage of fundraising where a MedTech startup raises capital from close personal connections, such as friends, family, or acquaintances. This type of funding typically precedes formal seed or venture capital rounds and is used to support early-stage development, such as prototyping, market research, or initial regulatory efforts.
Relevance to the MedTech Industry
Friends & Family Rounds provide entrepreneurs with essential early funding to bring their ideas to life without the formal requirements or high equity dilution often associated with institutional investors. It helps MedTech startups take the first steps toward developing innovative devices or solutions.
Additional Information & Related Terms
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