> ## Documentation Index
> Fetch the complete documentation index at: https://apidoc.cufinder.io/llms.txt
> Use this file to discover all available pages before exploring further.

# Last Funding Round Change

> The company's funding stage advanced.

<CardGroup cols={3}>
  <Card title="Signal key" icon="code">
    `last_funding_round_change`
  </Card>

  <Card title="Category" icon="category">
    Funding
  </Card>

  <Card title="Source" icon="world">
    Funding records (last round stage).
  </Card>
</CardGroup>

The company's funding stage advanced.

## When it fires

<Card title="Trigger condition" icon="bolt">
  `last_funding_round` advances (Seed → Series A → Series B → and so on).
</Card>

## Magnitude

High, each stage advance means more capital.

<Note>
  For the full bucket definitions used across percentage-based signals, see [Magnitude buckets](/buying-signals/concepts/magnitude-buckets).
</Note>

## Why it matters

Each step up means a bigger war chest and bigger ambitions. Advancing from Seed to Series A, or Series A to B, marks a maturity leap, larger budgets, more formal procurement, and a buying committee that's growing more sophisticated.

## How to read it

<CardGroup cols={1}>
  <Card title="Maturity leap">
    Each stage means more capital and more structure.
  </Card>

  <Card title="Bigger budgets">
    Later stages buy enterprise-grade tooling.
  </Card>

  <Card title="Procurement formalizes">
    Buying gets more process-driven at each stage.
  </Card>
</CardGroup>

## Outreach playbook

<Tip>
  High-value. Match your offering to the new stage's budget and sophistication.
</Tip>

## Related signals

<CardGroup cols={2}>
  <Card title="Funding Round Announced" href="/buying-signals/signals/funding/funding-round-announced">
    A new funding round was announced.
  </Card>

  <Card title="Total Funding Increase" href="/buying-signals/signals/funding/total-funding-increase">
    The company's total funding raised increased.
  </Card>

  <Card title="Executive Team Buildout" href="/buying-signals/signals/composite/executive-team-buildout">
    A company rapidly built out its leadership team.
  </Card>
</CardGroup>

***

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</Card>