Funding benchmark · last 12 months

The typical Series A round in Australia

From 31 Series A rounds announced in Australia over the last twelve months, each read from a named source. Half of them raised between $10M and $25M.

See the roundsAll benchmarks

Series A Australia
Median round$15M
$6.5M1 in 10 below$10M – $25Mmiddle half$39M1 in 10 above

31 rounds counted · recounted nightly

Rounds counted31Series A rounds in Australia, last 12 months
Against worldwide-25%vs the $20M worldwide median
Since last round-too few earlier rounds on record
Lead named81%of these rounds name the investor who led

The trend

Median Series A round, quarter by quarter

From $13M in 2024 Q4 to $25M in 2026 Q2. Quarters with fewer than five rounds are left blank.

$13M'24 Q46 rds
$11M'25 Q17 rds
$9.8M'25 Q28 rds
$8.0M'25 Q37 rds
$11M'25 Q49 rds
$14M'26 Q111 rds
$25M'26 Q29 rds
'26 Q33 rds

Who leads

The most active leads

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

  1. 1Airtree Ventures3 led
  2. 2QIC Ventures2 led
  3. 3Peak XV1 led
  4. 4Icehouse Ventures1 led
  5. 5Playground Global1 led
  6. 6Portage Ventures1 led

Recent examples

Series A rounds in Australia, 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 Australia

Seed$4.0M

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$15MHealthtech$13MSaaS$17M

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Q&A

How big is a typical Series A round in Australia?

The median is $15M, from 31 Series A rounds announced in Australia in the last twelve months. Half of them raised between $10M and $25M; one in ten raised more than $39M.

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.