Latest / The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup Milestones
How Startups Are Using Rolling No-Cap Notes in Mid-2026
In this episode of The Series A Show, Lucas and Luna dive into the mechanics of rolling no-cap notes, a fundraising instrument gaining traction among early-stage startups in mid-2026. They discuss why founders are turning to uncapped notes without valuation caps, how rolling rounds let them close incremental capital over weeks instead of raising a lump sum, and what investors are thinking when they back these open-ended structures. Using specific data points from the current market, including an up-tick in high-growth tech stocks like Coinbase and Apple, the hosts explore how market…
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