Funding benchmark · last 12 months

The typical Series A round worldwide

From 828 Series A rounds announced worldwide over the last twelve months, each read from a named source. Half of them raised between $12M and $35M.

See the roundsAll benchmarks

Series AWorldwide
Median round$20M
$7.0M1 in 10 below$12M – $35Mmiddle half$78M1 in 10 above

828 rounds counted · recounted nightly

Rounds counted828Series A rounds worldwide, last 12 months
Biggest 10%$78M+the top tenth of Series A rounds
Since last round14 momedian gap, from 138 companies we saw raise before
Lead named86%of these rounds name the investor who led

The trend

Median Series A round, quarter by quarter

From $14M in 2024 Q4 to $20M in 2026 Q3. Quarters with fewer than five rounds are left blank.

$14M'24 Q4111 rds
$15M'25 Q1117 rds
$17M'25 Q2119 rds
$18M'25 Q3141 rds
$20M'25 Q4163 rds
$19M'26 Q1204 rds
$23M'26 Q2200 rds
$20M'26 Q3168 rds

Who leads

The most active leads

The firms that led the most Series A rounds worldwide this year.

  1. 1Andreessen Horowitz17 led
  2. 2Accel10 led
  3. 3Sequoia Capital8 led
  4. 4Lightspeed Venture Partners8 led
  5. 5Khosla Ventures8 led
  6. 6Bessemer Venture Partners8 led

Recent examples

Series A rounds worldwide, 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 worldwide

Pre-seed$2.0MSeed$5.5MSeries B$50MSeries C$100MSeries D$158MGrowth$108M

Series A elsewhere

AI$21MUnited States$25MFintech$16MHealthcare$20MUnited Kingdom$14MRobotics$28MBiotech$32MConstruction$23MCybersecurity$25MBig Data & Analytics$21MSoftware$18MEnergy$26MManufacturing$19MEnterprise Software$21MIndia$10MLogistics$13MDefence Tech$25MHardware & Electronics$25MFinancial Services$20MClimate Tech$15MAustralia$15MHealthtech$13MSaaS$17M

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Q&A

How big is a typical Series A round worldwide?

The median is $20M, from 828 Series A rounds announced worldwide in the last twelve months. Half of them raised between $12M and $35M; one in ten raised more than $78M.

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.