down round

American  

[doun round] / ˈdaʊn ˈraʊnd /

noun

Business, Finance.

1. a phase in the funding of a relatively new business during which it is assigned a lower value by investors, resulting in a reduced price for its shares and, often, an effort to raise funds by increasing the number of shares, thus diluting the equity held by existing investors.

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Etymology

Origin of down round

First recorded in 1995–2000

Example Sentences

The Masters champion, who won this tournament in 2013, had an up and down round which included five birdies and six bogeys in tricky conditions with strong winds.

From BBC

He added "all partners" would secure the funding and asked how much the UK would contribute if the Euro 2026 bid was successful, he said: "Once we win the bid, we'll sit down round a table and the money will get sorted out."

From BBC

Besides property developers, borrowers thronging private markets include privately-held companies and start-ups whose private equity issuance has been stymied by broader stock market swings and the deepening discounts of their valuations, known as a 'down round' in the industry.

From Reuters

"There is still a stigma attached to a down round and founders and investors are ... looking at alternative financing options," said Parthiv Rishi, a partner at law firm Sidley Austin.

From Reuters

Top-ranked Lydia Ko was tied for 23rd at 71 in her quest to win a major for the first time since 2016 after an up and down round with three birdies and three bogeys.

From Seattle Times