Funding benchmark · last 12 months

The typical seed round in the United Kingdom

From 122 seed rounds announced in the United Kingdom over the last twelve months, each read from a named source. Half of them raised between $1.1M and $6.4M.

See the roundsAll benchmarks

Seed United Kingdom
Median round$3.1M
$671K1 in 10 below$1.1M – $6.4Mmiddle half$12M1 in 10 above

122 rounds counted · recounted nightly

Rounds counted122seed rounds in the United Kingdom, last 12 months
Against worldwide-43%vs the $5.5M worldwide median
Since last round17 momedian gap, from 64 companies we saw raise before
Lead named52%of these rounds name the investor who led

The trend

Median seed round, quarter by quarter

From $1.0M in 2024 Q4 to $4.0M in 2026 Q3. Quarters with fewer than five rounds are left blank.

$1.0M'24 Q430 rds
$1.5M'25 Q130 rds
$3.4M'25 Q228 rds
$2.3M'25 Q319 rds
$2.3M'25 Q429 rds
$2.2M'26 Q126 rds
$2.8M'26 Q225 rds
$4.0M'26 Q333 rds

Who leads

The most active leads

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

  1. 1Northstar Ventures4 led
  2. 2Mercia Asset Management3 led
  3. 3NPIF II – Mercia Equity Finance3 led
  4. 4Atomico2 led
  5. 5Radical Ventures2 led
  6. 6Crane Venture Partners2 led

Recent examples

Seed rounds in the United Kingdom, 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 the United Kingdom

Pre-seed$2.0MSeries A$14MSeries B$43MGrowth$25M

Seed elsewhere

AI$7.0MUnited States$9.0MFintech$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 in the United Kingdom?

The median is $3.1M, from 122 seed rounds announced in the United Kingdom in the last twelve months. Half of them raised between $1.1M and $6.4M; 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.