Why Startups Are Building Pre-Seed Rounds With Rolling Funds

The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup Milestones · Jul 11, 2026 · 6m · transcript

In this episode of The Series A Show, Lucas and Luna examine how rolling funds are reshaping pre-seed fundraising in 2026. They break down the mechanics of rolling funds — where investors accept capital on a recurring quarterly basis — and why they've become a go-to structure for founders who need speed and flexibility. Lucas points to recent data showing that rolling funds now account for roughly 30 percent of pre-seed deal flow, according to a Q2 report from Carta. Luna contrasts this with the traditional 'raise once and close' model, noting that rolling funds reduce the…