Round Completion %
Progress of the round expressed as committed capital divided by target. Read alongside `round_status` and elapsed-time-in-round to detect stalls. Common pitfall: percentage progress is misleading when measured against a shifting `target_raise` — when management lowers the target mid-round, the percentage jumps without any new commitments arriving. The board should always be told when this is a target revision vs. a real progress event. — Fundraising KPI, I'mBoard-authored (editorial tier).
I'mBoard-authored (editorial tier)
No public third-party standard anchors this KPI yet, so I'mBoard authors and maintains the definition — transparently labeled as editorial tier. See the ontology methodology for the published vs editorial tier system and the back-attribution workstream.
Rogue ID: fundraising.round_completion_pct
Type: Percentage (%)
Domain: Fundraising
Definition
Progress of the round expressed as committed capital divided by target. Read alongside round_status and elapsed-time-in-round to detect stalls. Common pitfall: percentage progress is misleading when measured against a shifting target_raise — when management lowers the target mid-round, the percentage jumps without any new commitments arriving. The board should always be told when this is a target revision vs. a real progress event.
Formula
round_completion_pct = (committed_amount / target_raise) × 100. When using soft+hard committed, footnote the convention.Why it matters
Single-number pacing signal — board members glance at it first when scanning a fundraising update. Pairs naturally with elapsed-time-in-round to surface stalls.
How to interpret
Rough pacing checkpoints from collected practitioner essays (NfX, Bessemer founder content): 30% by 4–6 weeks in, 60% by week 8–10, 90%+ by week 12. Sustained pacing below these typically signals a need to widen the investor net or revise the target.
Related KPIs
fundraising.target_raisefundraising.committed_amountfundraising.round_statusfundraising.planned_close_date
Source
I'mBoard editorial — authored and maintained by I'mBoard, first published 2026-04-01. No third-party standard is cited for this KPI; when one emerges, the definition is back-attributed and promoted to the published tier (a minor version bump). Read the ontology methodology for the published vs editorial tier system, attribution rules, and dispute process.
Stage relevance
| Company stage | Priority |
|---|---|
| Pre-Seed | Core |
| Seed | Core |
| Series A | Core |
| Series B | Core |
| Series C+ | Core |
Suggested for stages: Pre-Seed, Seed, Series A, Series B, Series C+.
Default owning functions
- Finance
Machine-readable
- This KPI as JSON:
/api/ontology/fundraising/round_completion_pct.json - All Fundraising KPIs:
/api/ontology/fundraising.json - Full catalog:
/api/ontology/index.json
Fundraising Risk Factors
Named risks that could prevent the round from closing as targeted — market conditions (general venture sentiment, sector-specific freeze), investor-side risk (anchor investor wobble, partner-meeting drop-off), company-side risk (a metric trending wrong direction, customer concentration concern surfaced in diligence), and timing risk (runway versus close date). Common pitfall: optimistic CEOs under-report risk factors. Boards should expect at least 2–3 named risks even in a healthy round — "no risks" is itself a risk signal. — Fundraising KPI, I'mBoard-authored (editorial tier).
Round Status
Current phase of the active fundraising round on a coarse state machine (e.g. not-started, in-progress, term-sheet, closing, closed). The board reads this to know which playbook applies — pipeline-building, diligence, closing, or post-close communications. Common pitfall: the field drifts when a round stalls or pivots, so treat each phase change as a board-update trigger. The PhasePlaybook widget binds to this enum and surfaces the appropriate phase guidance read-only beside the editor. — Fundraising KPI, I'mBoard-authored (editorial tier).