Funding benchmark · last 12 months

The typical seed round in SaaS

From 54 seed rounds announced in SaaS over the last twelve months, each read from a named source. Half of them raised between $2.1M and $6.9M.

See the roundsAll benchmarks

SeedSaaS
Median round$4.0M
$1.0M1 in 10 below$2.1M – $6.9Mmiddle half$10M1 in 10 above

54 rounds counted · recounted nightly

Rounds counted54seed rounds in SaaS, last 12 months
Against worldwide-27%vs the $5.5M worldwide median
Since last round14 momedian gap, from 10 companies we saw raise before
Lead named91%of these rounds name the investor who led

The trend

Median seed round, quarter by quarter

From $2.3M in 2024 Q4 to $4.0M in 2026 Q3. Quarters with fewer than five rounds are left blank.

$2.3M'24 Q49 rds
$5.3M'25 Q111 rds
$4.7M'25 Q212 rds
$3.5M'25 Q39 rds
$3.3M'25 Q410 rds
$5.8M'26 Q16 rds
$7.7M'26 Q210 rds
$4.0M'26 Q317 rds

Who leads

The most active leads

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

  1. 1Blackbird Ventures2 led
  2. 2Hi Inov - Dentressangle2 led
  3. 3Y Combinator1 led
  4. 4General Catalyst1 led
  5. 5Khosla Ventures1 led
  6. 6Global Founders Capital1 led

Recent examples

Seed rounds in SaaS, 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 SaaS

Series A$17M

Seed elsewhere

AI$7.0MUnited States$9.0MUnited Kingdom$3.1MFintech$5.0MHealthcare$4.9MSoftware$5.0MBiotech$7.3MRobotics$8.8MCybersecurity$10MConstruction$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 in SaaS?

The median is $4.0M, from 54 seed rounds announced in SaaS in the last twelve months. Half of them raised between $2.1M and $6.9M; one in ten raised more than $10M.

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.