# Median Series B round in Construction (2026)

> The median Series B round in Construction is $40M, from 33 rounds announced in the last 12 months. Half raised between $30M and $80M.

Source: https://millionrounds.com/benchmarks/series-b/construction (Millionrounds; every figure on the page links to its filing or article)

Funding benchmark · last 12 months

# The typical Series B round in *Construction*

From 33 Series B rounds announced in Construction over the last twelve months, each read from a named source. Half of them raised between $30M and $80M.

See the rounds[All benchmarks](https://millionrounds.com/benchmarks)

Series B Construction

Median round

**$40M**

$18M 1 in 10 below $30M – $80M middle half $141M 1 in 10 above

33 rounds counted · recounted nightly

Rounds counted **33** Series B rounds in Construction, last 12 months

Against worldwide **-20%** vs the $50M worldwide median

Since last round **-** too few earlier rounds on record

Lead named **91%** of these rounds name the investor who led

The trend

## Median Series B round, quarter by quarter

From $45M in 2025 Q3 to $40M in 2026 Q3. Quarters with fewer than five rounds are left blank.

'24 Q4 1 rds

'25 Q1 0 rds

'25 Q2 2 rds

$45M '25 Q3 9 rds

$91M '25 Q4 5 rds

$40M '26 Q1 13 rds

$45M '26 Q2 8 rds

$40M '26 Q3 5 rds

Who leads

## The most active leads

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

- [1 **500 Global** 2 led](https://millionrounds.com/fund/500-startups)
- [2 **Accel** 2 led](https://millionrounds.com/fund/accel)
- [3 **CapitalG** 2 led](https://millionrounds.com/fund/capitalg)
- [4 **Andreessen Horowitz** 1 led](https://millionrounds.com/fund/andreessen-horowitz)
- [5 **Lightspeed Venture Partners** 1 led](https://millionrounds.com/fund/lightspeed-venture-partners)
- [6 **Founders Fund** 1 led](https://millionrounds.com/fund/founders-fund)

Recent examples

## Series B rounds in Construction, latest first

- [**Approaching.AI** 29 Oct 2026 · ICBC Investment $193M +383%](https://millionrounds.com/company/approaching-ai)
- [**Simplismart** 27 Oct 2026 · Dallas Venture Capital $14M -65%](https://millionrounds.com/company/simplismart)
- [**Miter** 30 Sept 2026 · Battery Ventures $40M at median](https://millionrounds.com/company/miter)
- [**Adaptive Real Estate** 17 Sept 2026 · Tidemark Capital $30M -25%](https://millionrounds.com/company/adaptive-real-estate)
- [**BRKZ** 14 Sept 2026 · 500 Global $31M -22%](https://millionrounds.com/company/brkz)
- [**PointFive** 8 Jun 2026 · Accel $60M +50%](https://millionrounds.com/company/pointfive)
- [**Handle.com** 3 Jun 2026 · Not named $27M -32%](https://millionrounds.com/company/handle-com)
- [**Orbital Industries** 28 May 2026 · Plural $50M +25%](https://millionrounds.com/company/orbital-industries)

**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 Construction

[**Seed** $5.2M](https://millionrounds.com/benchmarks/seed/construction)[**Series A** $23M](https://millionrounds.com/benchmarks/series-a/construction)

Series B elsewhere

[**AI** $55M](https://millionrounds.com/benchmarks/series-b/ai)[**United States** $60M](https://millionrounds.com/benchmarks/series-b/united-states)[**Fintech** $40M](https://millionrounds.com/benchmarks/series-b/fintech)[**United Kingdom** $43M](https://millionrounds.com/benchmarks/series-b/united-kingdom)[**Healthcare** $46M](https://millionrounds.com/benchmarks/series-b/healthcare)[**Biotech** $63M](https://millionrounds.com/benchmarks/series-b/biotech)[**Cybersecurity** $58M](https://millionrounds.com/benchmarks/series-b/cybersecurity)[**Robotics** $63M](https://millionrounds.com/benchmarks/series-b/robotics)[**Enterprise Software** $49M](https://millionrounds.com/benchmarks/series-b/enterprise-software)

## Raising a Series B 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 B round in Construction?

The median is $40M, from 33 Series B rounds announced in Construction in the last twelve months. Half of them raised between $30M and $80M; one in ten raised more than $141M.

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.
