Yes: this seems incredibly inappropriate. There is no reason for a framework to raise Series A: a framework doesn't have anything to sell. Now they will have to make money, and a huge lot of money to satisfy investors for a Series B.

This is for products from Laravel Inc., not the framework itself.

They already make a ton of money from cloud offerings (Laravel Forge and Laravel Vapor).

There's even a meme about Laravel's creator Lambo. Here's Taylor's lamborghini for context: https://i.imgur.com/W6tzgbd.jpeg