Definition
A funding round at a lower valuation than the previous round.
Examples
They raised a down round to extend runway.
Origin
Modern business/startup term; used as practical shorthand in product, growth, and investing.
Use it in Nautis
Track down round alongside everything else in your startup.
Nautis brings planning, fundraising, finance, and operations into one AI-native workspace — so concepts like down round stop being spreadsheet trivia and start showing up where decisions get made.