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Work In Progress Review tool continues a banner year with the announcement of another round of investment, led by Insight Partners. has raised $50 million with a Series C. The round was led by Insight Partners, but it included all the previous major investors, including Accel, FirstMark, SignalFire, and Shasta Ventures. This means everyone who already invested in continues to believe in where is going.

While that is obviously great news, especially for users excited about all the new tools that will be built with that funding, what, precisely, does that mean?

Funding Rounds: What Does “Series” Mean?

While startups, like films, are financed in a wide variety of different ways, there is something of a pattern to startup funding with what is referred to as “Series A,” “Series B”, and “Series C.” Before series A, you’ll hear about things like “angel” or “seed” money which is when a company is initially trying to attract users and figure out their model.

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Source: No Film School