Funding benchmark · last 12 months

The typical seed round in Australia

From 42 seed rounds announced in Australia over the last twelve months, each read from a named source. Half of them raised between $2.5M and $6.8M.

See the roundsAll benchmarks

Seed Australia
Median round$4.0M
$1.2M1 in 10 below$2.5M – $6.8Mmiddle half$12M1 in 10 above

42 rounds counted · recounted nightly

Rounds counted42seed rounds in Australia, last 12 months
Against worldwide-26%vs the $5.5M worldwide median
Since last round-too few earlier rounds on record
Lead named74%of these rounds name the investor who led

The trend

Median seed round, quarter by quarter

From $4.0M in 2024 Q4 to $3.5M in 2026 Q3. Quarters with fewer than five rounds are left blank.

$4.0M'24 Q49 rds
$2.4M'25 Q110 rds
$3.4M'25 Q29 rds
$2.2M'25 Q310 rds
$3.1M'25 Q410 rds
$4.9M'26 Q18 rds
$4.0M'26 Q29 rds
$3.5M'26 Q313 rds

Who leads

The most active leads

The firms that led the most seed rounds in Australia this year.

  1. 1Blackbird Ventures2 led
  2. 2DNX Ventures2 led
  3. 3Main Sequence Ventures2 led
  4. 4Black Nova Venture Capital2 led
  5. 5Purpose Ventures2 led
  6. 6Accel1 led

Recent examples

Seed rounds in Australia, 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 Australia

Series A$15M

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$7.5MEnterprise 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 in Australia?

The median is $4.0M, from 42 seed rounds announced in Australia in the last twelve months. Half of them raised between $2.5M and $6.8M; one in ten raised more than $12M.

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.