Most startups will raise a $300K Convertible Note first and then close in a $1M Series Seed Round. The Convertible Note is usually raised in an Advisory Round where a few investors engage, advise on the investment strategy, and help you close the round.

Before you try and close the $1M Series Seed Equity Round, you will want to have your core team built, your product at Product/Market Fit, and your conversion funnel optimized (sales funnel if you are using direct sales).