The terms Seed and Seed+ are widely used to refer to stages of startup development and investment. There is hardly an objective definition, and depending on the market, each fund may define it slightly differently. For us, the two stages relate to tickets of € 0.5 – € 1.5m in rounds of € 1-4m. Seed investment is usually the first or second institutional capital that comes in a company that is at the early stages of its development, but having already released its product to the market and experiencing initial traction. Seed+ refers to capital raised by a company with experienced founders, which have already achieved market traction and are on their way to a Series A raise.