Funding benchmark · last 12 months

The typical growth round in the United States

From 123 growth rounds announced in the United States over the last twelve months, each read from a named source. Half of them raised between $51M and $523M.

See the rounds All benchmarks

Growth United States

Median round$200M

$28M1 in 10 below$51M – $523Mmiddle half$2.0B1 in 10 above

123 rounds counted · recounted nightly

Rounds counted123growth rounds in the United States, last 12 months

Against worldwide+85%vs the $108M worldwide median

Since last round10 momedian gap, from 60 companies we saw raise before

Lead named81%of these rounds name the investor who led

The trend

Median growth round, quarter by quarter

From $333M in 2024 Q4 to $350M in 2026 Q3. Quarters with fewer than five rounds are left blank.

$333M'24 Q419 rds

$128M'25 Q122 rds

$300M'25 Q221 rds

$463M'25 Q319 rds

$225M'25 Q424 rds

$275M'26 Q126 rds

$200M'26 Q237 rds

$350M'26 Q329 rds

Who leads

The most active leads

The firms that led the most growth rounds in the United States this year.

Recent examples

Growth rounds in the United States, latest first

How to read these figures

They come from announced rounds. Large rounds are almost always announced and many small ones never are, so the true typical round is probably a little smaller than shown, most of all at pre-seed and seed. Every round behind them is in the record with its source. How we read rounds.

Other stages in the United States

Pre-seed$3.0M Seed$9.0M Series A$25M Series B$60M Series C$100M Series D$190M

Growth elsewhere

AI$150M Fintech$55M United Kingdom$25M

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Q&A

How big is a typical growth round in the United States?

The median is $200M, from 123 growth rounds announced in the United States in the last twelve months. Half of them raised between $51M and $523M; one in ten raised more than $2.0B.

Which rounds are counted?

Rounds announced in the last twelve months with a stated amount and stage, each read from a named article or filing. A page is only published where at least 30 rounds stand behind it.

Are these figures biased?

Towards larger rounds, yes. Big rounds are announced; many small ones never are. So the true typical round is probably a little smaller than the figure here, especially at pre-seed and seed.

How often does it change?

The figures are recounted from the record every night, as new rounds are read.