# Median Series A round size (2026), worldwide

> The median Series A round worldwide is $20M, from 828 rounds announced in the last 12 months. Half raised between $12M and $35M.

Source: https://millionrounds.com/benchmarks/series-a (Millionrounds; every figure on the page links to its filing or article)

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 rounds[All benchmarks](https://millionrounds.com/benchmarks)

Series A Worldwide

Median round

**$20M**

$7.0M 1 in 10 below $12M – $35M middle half $78M 1 in 10 above

828 rounds counted · recounted nightly

Rounds counted **828** Series A rounds worldwide, last 12 months

Biggest 10% **$78M+** the top tenth of Series A rounds

Since last round **14 mo** median gap, from 138 companies we saw raise before

Lead named **86%** 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 Q4 111 rds

$15M '25 Q1 117 rds

$17M '25 Q2 119 rds

$18M '25 Q3 141 rds

$20M '25 Q4 163 rds

$19M '26 Q1 204 rds

$23M '26 Q2 200 rds

$20M '26 Q3 168 rds

Who leads

## The most active leads

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

- [1 **Andreessen Horowitz** 17 led](https://millionrounds.com/fund/andreessen-horowitz)
- [2 **Accel** 10 led](https://millionrounds.com/fund/accel)
- [3 **Sequoia Capital** 8 led](https://millionrounds.com/fund/sequoia-capital)
- [4 **Lightspeed Venture Partners** 8 led](https://millionrounds.com/fund/lightspeed-venture-partners)
- [5 **Khosla Ventures** 8 led](https://millionrounds.com/fund/khosla-ventures)
- [6 **Bessemer Venture Partners** 8 led](https://millionrounds.com/fund/bessemer-venture-partners)

Recent examples

## Series A rounds worldwide, latest first

- [**Ace Blend** 30 Oct 2026 · 3one4 Capital $9.9M -50%](https://millionrounds.com/company/ace-blend)
- [**Midstream Health** 30 Oct 2026 · Valtruis $20M at median](https://millionrounds.com/company/midstream-health)
- [**Manastu Space** 30 Oct 2026 · Not named $2.3M -88%](https://millionrounds.com/company/manastu-space)
- [**Reflex** 29 Oct 2026 · Standard Capital $14M -30%](https://millionrounds.com/company/reflex)
- [**Bites** 29 Oct 2026 · PeakSpan Capital $40M +100%](https://millionrounds.com/company/bites)
- [**Braid** 29 Oct 2026 · Octopus Ventures $38M +90%](https://millionrounds.com/company/braid)
- [**AIZ Entertainment** 29 Oct 2026 · Not named $15M -25%](https://millionrounds.com/company/aiz-entertainment)
- [**Predicate** 29 Oct 2026 Blockchain Capital $8.0M -60%](https://millionrounds.com/company/predicate)

**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 worldwide

[**Pre-seed** $2.0M](https://millionrounds.com/benchmarks/pre-seed)[**Seed** $5.5M](https://millionrounds.com/benchmarks/seed)[**Series B** $50M](https://millionrounds.com/benchmarks/series-b)[**Series C** $100M](https://millionrounds.com/benchmarks/series-c)[**Series D** $158M](https://millionrounds.com/benchmarks/series-d)[**Growth** $108M](https://millionrounds.com/benchmarks/growth)

Series A elsewhere

[**AI** $21M](https://millionrounds.com/benchmarks/series-a/ai)[**United States** $25M](https://millionrounds.com/benchmarks/series-a/united-states)[**Fintech** $16M](https://millionrounds.com/benchmarks/series-a/fintech)[**Healthcare** $20M](https://millionrounds.com/benchmarks/series-a/healthcare)[**United Kingdom** $14M](https://millionrounds.com/benchmarks/series-a/united-kingdom)[**Robotics** $28M](https://millionrounds.com/benchmarks/series-a/robotics)[**Biotech** $32M](https://millionrounds.com/benchmarks/series-a/biotech)[**Construction** $23M](https://millionrounds.com/benchmarks/series-a/construction)[**Cybersecurity** $25M](https://millionrounds.com/benchmarks/series-a/cybersecurity)[**Big Data & Analytics** $21M](https://millionrounds.com/benchmarks/series-a/big-data)[**Software** $18M](https://millionrounds.com/benchmarks/series-a/software)[**Energy** $26M](https://millionrounds.com/benchmarks/series-a/energy)[**Manufacturing** $19M](https://millionrounds.com/benchmarks/series-a/manufacturing)[**Enterprise Software** $21M](https://millionrounds.com/benchmarks/series-a/enterprise-software)[**India** $10M](https://millionrounds.com/benchmarks/series-a/india)[**Logistics** $13M](https://millionrounds.com/benchmarks/series-a/logistics)[**Defence Tech** $25M](https://millionrounds.com/benchmarks/series-a/defensetech)[**Hardware & Electronics** $25M](https://millionrounds.com/benchmarks/series-a/hardware)[**Financial Services** $20M](https://millionrounds.com/benchmarks/series-a/financial-services)[**Climate Tech** $15M](https://millionrounds.com/benchmarks/series-a/climate)[**Australia** $15M](https://millionrounds.com/benchmarks/series-a/australia)[**Healthtech** $13M](https://millionrounds.com/benchmarks/series-a/healthtech)[**SaaS** $17M](https://millionrounds.com/benchmarks/series-a/saas)

## Raising a Series A 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 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.
