For many companies, the path to expansion requires financial backing. This can be in the form of seed funding and series A, B or C funding. Monies are collected from investors in exchange for equity in a company. Seed funding is the earliest stage of funding collected. It is at times considered as funding even before a minimum viable product has been completed. A minimum viable product is a working prototype of a product. In as simple an example as possible, let us say you start a company to create a dining rewards mobile app and once you have completed your business plan and you show it to your family members and your uncle decides to support you with some money to get it started. That is seed funding.