# Median Series A round in the United States (2026) > The median Series A round in the United States is $25M, from 360 rounds announced in the last 12 months. Half raised between $16M and $48M. Source: https://millionrounds.com/benchmarks/series-a/united-states (Millionrounds; every figure on the page links to its filing or article) Funding benchmark · last 12 months # The typical Series A round in the *United States* From 360 Series A rounds announced in the United States over the last twelve months, each read from a named source. Half of them raised between $16M and $48M. See the rounds[All benchmarks](https://millionrounds.com/benchmarks) Series A United States Median round **$25M** $12M 1 in 10 below $16M – $48M middle half $116M 1 in 10 above 360 rounds counted · recounted nightly Rounds counted **360** Series A rounds in the United States, last 12 months Against worldwide **+25%** vs the $20M worldwide median Since last round **13 mo** median gap, from 42 companies we saw raise before Lead named **93%** of these rounds name the investor who led The trend ## Median Series A round, quarter by quarter From $16M in 2024 Q4 to $29M in 2026 Q3. Quarters with fewer than five rounds are left blank. $16M '24 Q4 39 rds $16M '25 Q1 45 rds $20M '25 Q2 55 rds $23M '25 Q3 62 rds $25M '25 Q4 58 rds $25M '26 Q1 97 rds $26M '26 Q2 87 rds $29M '26 Q3 68 rds Who leads ## The most active leads The firms that led the most Series A rounds in the United States this year. - [1 **Andreessen Horowitz** 10 led](https://millionrounds.com/fund/andreessen-horowitz) - [2 **Khosla Ventures** 6 led](https://millionrounds.com/fund/khosla-ventures) - [3 **Bessemer Venture Partners** 6 led](https://millionrounds.com/fund/bessemer-venture-partners) - [4 **8VC** 6 led](https://millionrounds.com/fund/8vc) - [5 **Sequoia Capital** 5 led](https://millionrounds.com/fund/sequoia-capital) - [6 **Menlo Ventures** 5 led](https://millionrounds.com/fund/menlo-ventures) Recent examples ## Series A rounds in the United States, latest first - [**Midstream Health** 30 Oct 2026 Valtruis $20M -20%](https://millionrounds.com/company/midstream-health) - [**Reflex** 29 Oct 2026 Standard Capital $14M -44%](https://millionrounds.com/company/reflex) - [**Bites** 29 Oct 2026 PeakSpan Capital $40M +60%](https://millionrounds.com/company/bites) - [**Plato** 28 Oct 2026 Nava Ventures $16M -36%](https://millionrounds.com/company/plato) - [**Fragment** 28 Oct 2026 8VC $56M +124%](https://millionrounds.com/company/fragment) - [**Foundry Robotics** 28 Oct 2026 Marlinspike $100M +300%](https://millionrounds.com/company/foundry-robotics) - [**General Compute** 27 Oct 2026 Abstract Ventures $100M +300%](https://millionrounds.com/company/general-compute) - [**Hyphenate** 27 Oct 2026 Nexus Venture Partners $45M +80%](https://millionrounds.com/company/hyphenate) **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 the United States [**Pre-seed** $3.0M](https://millionrounds.com/benchmarks/pre-seed/united-states)[**Seed** $9.0M](https://millionrounds.com/benchmarks/seed/united-states)[**Series B** $60M](https://millionrounds.com/benchmarks/series-b/united-states)[**Series C** $100M](https://millionrounds.com/benchmarks/series-c/united-states)[**Series D** $190M](https://millionrounds.com/benchmarks/series-d/united-states)[**Growth** $200M](https://millionrounds.com/benchmarks/growth/united-states) Series A elsewhere [**AI** $21M](https://millionrounds.com/benchmarks/series-a/ai)[**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)[**Hardware & Electronics** $25M](https://millionrounds.com/benchmarks/series-a/hardware)[**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 the United States? The median is $25M, from 360 Series A rounds announced in the United States in the last twelve months. Half of them raised between $16M and $48M; one in ten raised more than $116M. 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.