Funding benchmark · last 12 months

The typical seed round in Software

From 63 seed rounds announced in Software over the last twelve months, each read from a named source. Half of them raised between $2.2M and $8.9M.

See the roundsAll benchmarks

SeedSoftware
Median round$5.0M
$1.0M1 in 10 below$2.2M – $8.9Mmiddle half$19M1 in 10 above

63 rounds counted · recounted nightly

Rounds counted63seed rounds in Software, last 12 months
Against worldwide-9%vs the $5.5M worldwide median
Since last round-too few earlier rounds on record
Lead named86%of these rounds name the investor who led

The trend

Median seed round, quarter by quarter

From $6.0M in 2024 Q4 to $3.0M in 2026 Q3. Quarters with fewer than five rounds are left blank.

$6.0M'24 Q413 rds
$5.3M'25 Q17 rds
$4.0M'25 Q27 rds
$10M'25 Q311 rds
$4.5M'25 Q411 rds
$5.0M'26 Q112 rds
$8.4M'26 Q212 rds
$3.0M'26 Q312 rds

Who leads

The most active leads

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

  1. 1Costanoa Ventures2 led
  2. 2SET Ventures2 led
  3. 3Y Combinator1 led
  4. 4New Enterprise Associates1 led
  5. 5Accel1 led
  6. 6Lightspeed Venture Partners1 led

Recent examples

Seed rounds in Software, 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 Software

Pre-seed$2.0MSeries A$18M

Seed elsewhere

AI$7.0MUnited States$9.0MUnited Kingdom$3.1MFintech$5.0MHealthcare$4.9MBiotech$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 in Software?

The median is $5.0M, from 63 seed rounds announced in Software in the last twelve months. Half of them raised between $2.2M and $8.9M; one in ten raised more than $19M.

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.