Funding benchmark · last 12 months

The typical Series A round in Enterprise Software

From 45 Series A rounds announced in Enterprise Software over the last twelve months, each read from a named source. Half of them raised between $15M and $30M.

See the roundsAll benchmarks

Series AEnterprise Software
Median round$21M
$13M1 in 10 below$15M – $30Mmiddle half$50M1 in 10 above

45 rounds counted · recounted nightly

Rounds counted45Series A rounds in Enterprise Software, last 12 months
Against worldwide+5%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 $16M in 2024 Q4 to $22M in 2026 Q3. Quarters with fewer than five rounds are left blank.

$16M'24 Q46 rds
'25 Q10 rds
$23M'25 Q25 rds
$16M'25 Q37 rds
$25M'25 Q47 rds
$19M'26 Q110 rds
$20M'26 Q213 rds
$22M'26 Q39 rds

Who leads

The most active leads

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

  1. 1Balderton Capital3 led
  2. 2New Enterprise Associates2 led
  3. 3Alstin Capital2 led
  4. 4NTT Venture Capital2 led
  5. 5Andreessen Horowitz1 led
  6. 6Google Ventures1 led

Recent examples

Series A rounds in Enterprise Software, 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 Enterprise Software

Seed$8.3MSeries B$49M

Series A elsewhere

AI$21MUnited States$25MFintech$16MHealthcare$20MUnited Kingdom$14MRobotics$28MBiotech$32MConstruction$23MCybersecurity$25MBig Data & Analytics$21MSoftware$18MEnergy$26MManufacturing$19MIndia$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 Enterprise Software?

The median is $21M, from 45 Series A rounds announced in Enterprise Software in the last twelve months. Half of them raised between $15M and $30M; one in ten raised more than $50M.

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.