Funding benchmark · last 12 months

The typical seed round worldwide

From 852 seed rounds announced worldwide over the last twelve months, each read from a named source. Half of them raised between $2.7M and $12M.

See the roundsAll benchmarks

SeedWorldwide
Median round$5.5M
$1.1M1 in 10 below$2.7M – $12Mmiddle half$26M1 in 10 above

852 rounds counted · recounted nightly

Rounds counted852seed rounds worldwide, last 12 months
Biggest 10%$26M+the top tenth of seed rounds
Since last round16 momedian gap, from 142 companies we saw raise before
Lead named78%of these rounds name the investor who led

The trend

Median seed round, quarter by quarter

From $4.0M in 2024 Q4 to $5.0M in 2026 Q3. Quarters with fewer than five rounds are left blank.

$4.0M'24 Q4145 rds
$4.0M'25 Q1139 rds
$4.3M'25 Q2144 rds
$4.7M'25 Q3166 rds
$5.1M'25 Q4191 rds
$6.0M'26 Q1160 rds
$7.0M'26 Q2175 rds
$5.0M'26 Q3211 rds

Who leads

The most active leads

The firms that led the most seed rounds worldwide this year.

  1. 1Andreessen Horowitz16 led
  2. 2Lightspeed Venture Partners11 led
  3. 3Accel10 led
  4. 4General Catalyst9 led
  5. 5Index Ventures6 led
  6. 6A16z Speedrun6 led

Recent examples

Seed rounds worldwide, 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 worldwide

Pre-seed$2.0MSeries A$20MSeries B$50MSeries C$100MSeries D$158MGrowth$108M

Seed elsewhere

AI$7.0MUnited States$9.0MUnited Kingdom$3.1MFintech$5.0MHealthcare$4.9MSoftware$5.0MBiotech$7.3MRobotics$8.8MCybersecurity$10MSaaS$4.0MConstruction$5.2MBig Data & Analytics$7.5MAustralia$4.0MEnterprise Software$8.3MHardware & Electronics$9.5MIndia$2.5MEnergy$5.0MLogistics$4.0MManufacturing$4.4MClimate Tech$4.4MDefence Tech$8.8MHealthtech$4.3M

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Q&A

How big is a typical seed round worldwide?

The median is $5.5M, from 852 seed rounds announced worldwide in the last twelve months. Half of them raised between $2.7M and $12M; one in ten raised more than $26M.

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.