Analysis

November 16, 2023

Founders are raising fewer up rounds — here’s what they’re doing instead

Experts say that raising a downround isn’t always a sure sign of struggle


Sadia Nowshin

6 min read

Image: Midjourney / Lexie Yu

Andreas Wilhelmsson never expected to be raising a downround.

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Harri Myllylä, CEO of Book Salon
Harri Myllylä, CEO of Book Salon
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Andreas Wilhelmsson, founder of Swedish vertical farming startup Ljusgårda
Andreas Wilhelmsson, founder of Swedish vertical farming startup Ljusgårda
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Sadia Nowshin

Sadia Nowshin was a reporter at Sifted covering foodtech, biotech and startup life. Follow her on X and LinkedIn

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