Probably cheap capital in case the markets turn down. It's expected that the venture capital money will dry up a bit and the fed raising interest rates means that taking loans will be more expensive. I've seen a lot of VCs say if you can take it now, take it.

There might be, but I think the real question should be closer to: "Are there no other avenues for securing capital that are close to your ARR with costs as low as you'd get during a new funding round?"

I don't have an answer to your question, but access to cheap capital is just one reason why you may want to fundraise when the money isn't necessary.