# Median Series A round in Hardware & Electronics (2026) > The median Series A round in Hardware & Electronics is $25M, from 35 rounds announced in the last 12 months. Half raised between $14M and $58M. Source: https://millionrounds.com/benchmarks/series-a/hardware (Millionrounds; every figure on the page links to its filing or article) 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 rounds[All benchmarks](https://millionrounds.com/benchmarks) Series A Hardware & Electronics Median round **$25M** $12M 1 in 10 below $14M – $58M middle half $88M 1 in 10 above 35 rounds counted · recounted nightly Rounds counted **35** Series 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 named **94%** 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 Q4 3 rds '25 Q1 3 rds '25 Q2 2 rds '25 Q3 3 rds $28M '25 Q4 7 rds $63M '26 Q1 6 rds $27M '26 Q2 8 rds $15M '26 Q3 8 rds Who leads ## The most active leads The firms that led the most Series A rounds in Hardware & Electronics this year. - [1 **Playground Global** 2 led](https://millionrounds.com/fund/playground-global) - [2 **Norwest Venture Partners** 1 led](https://millionrounds.com/fund/norwest) - [3 **8VC** 1 led](https://millionrounds.com/fund/8vc) - [4 **B Capital** 1 led](https://millionrounds.com/fund/b-capital) - [5 **Partech Ventures** 1 led](https://millionrounds.com/fund/partech) - [6 **Union Square Ventures** 1 led](https://millionrounds.com/fund/union-square-ventures) Recent examples ## Series A rounds in Hardware & Electronics, latest first - [**Circuit Mind** 28 Oct 2026 · Norwest Venture Partners $19M -26%](https://millionrounds.com/company/circuit-mind) - [**Optivolt** 21 Oct 2026 · VXI Capital $32M +28%](https://millionrounds.com/company/optivolt) - [**Inbolt** 5 Oct 2026 · Shift4Good $13M -50%](https://millionrounds.com/company/inbolt) - [**Astrus** 22 Sept 2026 · Caffeinated Capital $12M -52%](https://millionrounds.com/company/astrus) - [**TUSK IC** 18 Sept 2026 · Matterwave Ventures $17M -31%](https://millionrounds.com/company/tusk-ic) - [**Archangel Lightworks** 7 Aug 2026 · Not named $2.7M -89%](https://millionrounds.com/company/archangel-lightworks) - [**Throne Science** 28 Jul 2026 · Will Ventures $10M -60%](https://millionrounds.com/company/throne-science) - [**QuantumDiamonds** 9 Jul 2026 · World Fund $17M -32%](https://millionrounds.com/company/quantumdiamonds) **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 in Hardware & Electronics [**Seed** $9.5M](https://millionrounds.com/benchmarks/seed/hardware) 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)[**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 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.