Funding benchmark · last 12 months

The typical Series B round worldwide

From 427 Series B rounds announced worldwide over the last twelve months, each read from a named source. Half of them raised between $30M and $100M.

See the roundsAll benchmarks

Series BWorldwide
Median round$50M
$18M1 in 10 below$30M – $100Mmiddle half$200M1 in 10 above

427 rounds counted · recounted nightly

Rounds counted427Series B rounds worldwide, last 12 months
Biggest 10%$200M+the top tenth of Series B rounds
Since last round12 momedian gap, from 137 companies we saw raise before
Lead named86%of these rounds name the investor who led

The trend

Median Series B round, quarter by quarter

From $32M in 2024 Q4 to $55M in 2026 Q3. Quarters with fewer than five rounds are left blank.

$32M'24 Q464 rds
$41M'25 Q172 rds
$50M'25 Q268 rds
$40M'25 Q377 rds
$39M'25 Q474 rds
$50M'26 Q1116 rds
$54M'26 Q2110 rds
$55M'26 Q3100 rds

Who leads

The most active leads

The firms that led the most Series B rounds worldwide this year.

  1. 1General Catalyst9 led
  2. 2Accel7 led
  3. 3Lightspeed Venture Partners6 led
  4. 4Index Ventures6 led
  5. 5Insight Partners6 led
  6. 6Battery Ventures6 led

Recent examples

Series B rounds worldwide, 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 worldwide

Pre-seed$2.0MSeed$5.5MSeries A$20MSeries C$100MSeries D$158MGrowth$108M

Series B elsewhere

AI$55MUnited States$60MFintech$40MUnited Kingdom$43MHealthcare$46MBiotech$63MConstruction$40MCybersecurity$58MRobotics$63MEnterprise Software$49M

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Q&A

How big is a typical Series B round worldwide?

The median is $50M, from 427 Series B rounds announced worldwide in the last twelve months. Half of them raised between $30M and $100M; one in ten raised more than $200M.

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.