Funding benchmark · last 12 months

The typical Series A round in Construction

From 61 Series A rounds announced in Construction over the last twelve months, each read from a named source. Half of them raised between $13M and $50M.

See the roundsAll benchmarks

Series AConstruction
Median round$23M
$6.0M1 in 10 below$13M – $50Mmiddle half$176M1 in 10 above

61 rounds counted · recounted nightly

Rounds counted61Series A rounds in Construction, last 12 months
Against worldwide+15%vs the $20M worldwide median
Since last round-too few earlier rounds on record
Lead named93%of these rounds name the investor who led

The trend

Median Series A round, quarter by quarter

From $28M in 2024 Q4 to $27M in 2026 Q3. Quarters with fewer than five rounds are left blank.

$28M'24 Q47 rds
$18M'25 Q16 rds
$23M'25 Q25 rds
$21M'25 Q37 rds
$17M'25 Q411 rds
$15M'26 Q114 rds
$29M'26 Q217 rds
$27M'26 Q318 rds

Who leads

The most active leads

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

  1. 1CoinFund3 led
  2. 2Andreessen Horowitz2 led
  3. 38VC2 led
  4. 4Accel1 led
  5. 5Lightspeed Venture Partners1 led
  6. 6Khosla Ventures1 led

Recent examples

Series A rounds in Construction, 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 Construction

Seed$5.2MSeries B$40M

Series A elsewhere

AI$21MUnited States$25MFintech$16MHealthcare$20MUnited Kingdom$14MRobotics$28MBiotech$32MCybersecurity$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 in Construction?

The median is $23M, from 61 Series A rounds announced in Construction in the last twelve months. Half of them raised between $13M and $50M; one in ten raised more than $176M.

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.