Recounted every night
Funding benchmarks: what a round really looks like
The typical round at every stage, worldwide and by country and sector, from 2,995 rounds announced in the last twelve months. Each one was read from a named source, and every page shows how many rounds stand behind it.
77 benchmark pages · at least 30 rounds behind each
By stage
Every stage, worldwide
By country
The median round, country by stage
Each figure links to its own page. A dash means fewer than 30 rounds there this year.
United States
United Kingdom
India
AustraliaBy sector
The median round, sector by stage
Sectors as we classify each company. A dash means fewer than 30 rounds there this year.
| Sector | Pre-seed | Seed | Series A | Series B | Series C | Series D | Growth |
|---|---|---|---|---|---|---|---|
| AI | $2.1M | $7.0M | $21M | $55M | $110M | $150M | $150M |
| Fintech | $2.4M | $5.0M | $16M | $40M | $66M | - | $55M |
| Healthcare | - | $4.9M | $20M | $46M | $56M | - | - |
| Robotics | - | $8.8M | $28M | $63M | - | - | - |
| Biotech | - | $7.3M | $32M | $63M | - | - | - |
| Software | $2.0M | $5.0M | $18M | - | - | - | - |
| Cybersecurity | - | $10M | $25M | $58M | - | - | - |
| Construction | - | $5.2M | $23M | $40M | - | - | - |
| Enterprise Software | - | $8.3M | $21M | $49M | - | - | - |
| Big Data & Analytics | - | $7.5M | $21M | - | - | - | - |
| Energy | - | $5.0M | $26M | - | - | - | - |
| SaaS | - | $4.0M | $17M | - | - | - | - |
| Manufacturing | - | $4.4M | $19M | - | - | - | - |
| Hardware & Electronics | - | $9.5M | $25M | - | - | - | - |
| Logistics | - | $4.0M | $13M | - | - | - | - |
| Defence Tech | - | $8.8M | $25M | - | - | - | - |
| Climate Tech | - | $4.4M | $15M | - | - | - | - |
| Healthtech | - | $4.3M | $13M | - | - | - | - |
| Financial Services | - | - | $20M | - | - | - | - |
Know your number, then find your lead
Every benchmark names the firms that lead
rounds like yours.
Q&A
What is a typical seed round?
Worldwide, the median seed round announced in the last twelve months was $5.5M, from 852 rounds. At Series A it was $20M. Each stage's page has the spread, the trend and the most active leads.
Where do the figures come from?
From funding rounds read out of named articles and filings over the last twelve months, each with a stated amount and stage. Every round is in the record with its source.
Why is there no page for my country or sector?
A page is only published where at least 30 rounds stand behind it, so no figure rests on a handful of deals. More appear as the record grows.
Are the medians biased?
Towards larger rounds. Big rounds are announced and many small ones are not, so the true typical round is probably a little smaller, most of all at pre-seed and seed.