Funding benchmark · last 12 months

The typical Series A round in Hardware & Electronics

From 35 Series A rounds announced in Hardware & Electronics over the last twelve months, each read from a named source. Half of them raised between $14M and $58M.

See the roundsAll benchmarks

Series AHardware & Electronics
Median round$25M
$12M1 in 10 below$14M – $58Mmiddle half$88M1 in 10 above

35 rounds counted · recounted nightly

Rounds counted35Series A rounds in Hardware & Electronics, last 12 months
Against worldwide+25%vs the $20M worldwide median
Since last round-too few earlier rounds on record
Lead named94%of these rounds name the investor who led

The trend

Median Series A round, quarter by quarter

From $28M in 2025 Q4 to $15M in 2026 Q3. Quarters with fewer than five rounds are left blank.

'24 Q43 rds
'25 Q13 rds
'25 Q22 rds
'25 Q33 rds
$28M'25 Q47 rds
$63M'26 Q16 rds
$27M'26 Q28 rds
$15M'26 Q38 rds

Who leads

The most active leads

The firms that led the most Series A rounds in Hardware & Electronics this year.

  1. 1Playground Global2 led
  2. 2Norwest Venture Partners1 led
  3. 38VC1 led
  4. 4B Capital1 led
  5. 5Partech Ventures1 led
  6. 6Union Square Ventures1 led

Recent examples

Series A rounds in Hardware & Electronics, 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 Hardware & Electronics

Seed$9.5M

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$25MFinancial Services$20MClimate Tech$15MAustralia$15MHealthtech$13MSaaS$17M

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Q&A

How big is a typical Series A round in Hardware & Electronics?

The median is $25M, from 35 Series A rounds announced in Hardware & Electronics in the last twelve months. Half of them raised between $14M and $58M; one in ten raised more than $88M.

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.