Funding benchmark · last 12 months

The typical Series A round in SaaS

From 30 Series A rounds announced in SaaS over the last twelve months, each read from a named source. Half of them raised between $10M and $25M.

See the roundsAll benchmarks

Series ASaaS
Median round$17M
$6.4M1 in 10 below$10M – $25Mmiddle half$30M1 in 10 above

30 rounds counted · recounted nightly

Rounds counted30Series A rounds in SaaS, last 12 months
Against worldwide-14%vs the $20M worldwide median
Since last round-too few earlier rounds on record
Lead named90%of these rounds name the investor who led

The trend

Median Series A round, quarter by quarter

From $12M in 2024 Q4 to $19M in 2026 Q3. Quarters with fewer than five rounds are left blank.

$12M'24 Q47 rds
$17M'25 Q18 rds
$21M'25 Q26 rds
'25 Q33 rds
$14M'25 Q46 rds
$18M'26 Q110 rds
'26 Q21 rds
$19M'26 Q38 rds

Who leads

The most active leads

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

  1. 1Insight Partners2 led
  2. 2Andreessen Horowitz1 led
  3. 3Battery Ventures1 led
  4. 4B Capital1 led
  5. 5Partech Ventures1 led
  6. 6Crosslink Capital1 led

Recent examples

Series A rounds in SaaS, 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 SaaS

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$15MAustralia$15MHealthtech$13M

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Q&A

How big is a typical Series A round in SaaS?

The median is $17M, from 30 Series A rounds announced in SaaS in the last twelve months. Half of them raised between $10M and $25M; one in ten raised more than $30M.

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.