# Median seed round in Biotech (2026) > The median seed round in Biotech is $7.3M, from 60 rounds announced in the last 12 months. Half raised between $3.3M and $13M. Source: https://millionrounds.com/benchmarks/seed/biotech (Millionrounds; every figure on the page links to its filing or article) Funding benchmark · last 12 months # The typical seed round in *Biotech* From 60 seed rounds announced in Biotech over the last twelve months, each read from a named source. Half of them raised between $3.3M and $13M. See the rounds[All benchmarks](https://millionrounds.com/benchmarks) Seed Biotech Median round **$7.3M** $1.8M 1 in 10 below $3.3M – $13M middle half $22M 1 in 10 above 60 rounds counted · recounted nightly Rounds counted **60** seed rounds in Biotech, last 12 months Against worldwide **+34%** vs the $5.5M worldwide median Since last round **24 mo** median gap, from 13 companies we saw raise before Lead named **70%** of these rounds name the investor who led The trend ## Median seed round, quarter by quarter From $5.5M in 2024 Q4 to $5.0M in 2026 Q3. Quarters with fewer than five rounds are left blank. $5.5M '24 Q4 12 rds $3.0M '25 Q1 9 rds $2.3M '25 Q2 8 rds $5.9M '25 Q3 5 rds $5.1M '25 Q4 13 rds $14M '26 Q1 11 rds $6.7M '26 Q2 9 rds $5.0M '26 Q3 15 rds Who leads ## The most active leads The firms that led the most seed rounds in Biotech this year. - [1 **4BIO Capital** 3 led](https://millionrounds.com/fund/4bio-capital) - [2 **KurmaPartners** 2 led](https://millionrounds.com/fund/kurmapartners) - [3 **General Catalyst** 1 led](https://millionrounds.com/fund/general-catalyst) - [4 **Menlo Ventures** 1 led](https://millionrounds.com/fund/menlo-ventures) - [5 **DCVC** 1 led](https://millionrounds.com/fund/data-collective) - [6 **Sofinnova Partners** 1 led](https://millionrounds.com/fund/sofinnova-partners) Recent examples ## Seed rounds in Biotech, latest first - [**ALLOX** 29 Oct 2026 · Asabys $11M +43%](https://millionrounds.com/company/allox) - [**DropGenie** 26 Oct 2026 · Skeleton Key $5.0M -32%](https://millionrounds.com/company/dropgenie) - [**IMIO** 20 Oct 2026 · Sofinnova Partners $12M +63%](https://millionrounds.com/company/imio) - [**Giraffe Bio** 13 Oct 2026 · Orion Mine Finance $6.4M -13%](https://millionrounds.com/company/giraffe-bio) - [**Aptadir Therapeutics** 29 Sept 2026 · 4BIO Capital $46M +519%](https://millionrounds.com/company/aptadir-therapeutics) - [**AbTx** 18 Sept 2026 · Not named $1.9M -74%](https://millionrounds.com/company/abtx) - [**Eterna Regeneratives** 16 Sept 2026 · Hoxton Ventures $4.0M -46%](https://millionrounds.com/company/eterna-regeneratives) - [**Magnitude Biosciences** 15 Sept 2026 · Northstar Ventures $1.8M -76%](https://millionrounds.com/company/magnitude-biosciences) **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](https://millionrounds.com/methodology). Other stages in Biotech [**Series A** $32M](https://millionrounds.com/benchmarks/series-a/biotech)[**Series B** $63M](https://millionrounds.com/benchmarks/series-b/biotech) Seed elsewhere [**AI** $7.0M](https://millionrounds.com/benchmarks/seed/ai)[**United States** $9.0M](https://millionrounds.com/benchmarks/seed/united-states)[**United Kingdom** $3.1M](https://millionrounds.com/benchmarks/seed/united-kingdom)[**Fintech** $5.0M](https://millionrounds.com/benchmarks/seed/fintech)[**Healthcare** $4.9M](https://millionrounds.com/benchmarks/seed/healthcare)[**Software** $5.0M](https://millionrounds.com/benchmarks/seed/software)[**Robotics** $8.8M](https://millionrounds.com/benchmarks/seed/robotics)[**Cybersecurity** $10M](https://millionrounds.com/benchmarks/seed/cybersecurity)[**SaaS** $4.0M](https://millionrounds.com/benchmarks/seed/saas)[**Construction** $5.2M](https://millionrounds.com/benchmarks/seed/construction)[**Big Data & Analytics** $7.5M](https://millionrounds.com/benchmarks/seed/big-data)[**Australia** $4.0M](https://millionrounds.com/benchmarks/seed/australia)[**Enterprise Software** $8.3M](https://millionrounds.com/benchmarks/seed/enterprise-software)[**Hardware & Electronics** $9.5M](https://millionrounds.com/benchmarks/seed/hardware)[**India** $2.5M](https://millionrounds.com/benchmarks/seed/india)[**Energy** $5.0M](https://millionrounds.com/benchmarks/seed/energy)[**Logistics** $4.0M](https://millionrounds.com/benchmarks/seed/logistics)[**Manufacturing** $4.4M](https://millionrounds.com/benchmarks/seed/manufacturing)[**Climate Tech** $4.4M](https://millionrounds.com/benchmarks/seed/climate)[**Defence Tech** $8.8M](https://millionrounds.com/benchmarks/seed/defensetech)[**Healthtech** $4.3M](https://millionrounds.com/benchmarks/seed/healthtech) ## Raising a seed round? See who leads rounds like yours, and check your raise before you pitch. [Take the Fundability Test](https://millionrounds.com/fundability)[Or find investors](https://millionrounds.com/investor-database) ## Q&A How big is a typical seed round in Biotech? The median is $7.3M, from 60 seed rounds announced in Biotech in the last twelve months. Half of them raised between $3.3M and $13M; one in ten raised more than $22M. 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.