Funding benchmark · last 12 months

The typical Series B round in Enterprise Software

From 30 Series B rounds announced in Enterprise Software over the last twelve months, each read from a named source. Half of them raised between $36M and $69M.

See the roundsAll benchmarks

Series BEnterprise Software
Median round$49M
$28M1 in 10 below$36M – $69Mmiddle half$158M1 in 10 above

30 rounds counted · recounted nightly

Rounds counted30Series B rounds in Enterprise Software, last 12 months
Against worldwide-3%vs the $50M 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 B round, quarter by quarter

From $40M in 2025 Q4 to $55M in 2026 Q3. Quarters with fewer than five rounds are left blank.

'24 Q42 rds
'25 Q13 rds
'25 Q22 rds
'25 Q33 rds
$40M'25 Q45 rds
$46M'26 Q112 rds
$65M'26 Q27 rds
$55M'26 Q35 rds

Who leads

The most active leads

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

  1. 1Insight Partners3 led
  2. 2TCV2 led
  3. 3Highland Europe2 led
  4. 4New Enterprise Associates1 led
  5. 5Index Ventures1 led
  6. 6Norwest Venture Partners1 led

Recent examples

Series B rounds in Enterprise Software, 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 Enterprise Software

Seed$8.3MSeries A$21M

Series B elsewhere

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

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Q&A

How big is a typical Series B round in Enterprise Software?

The median is $49M, from 30 Series B rounds announced in Enterprise Software in the last twelve months. Half of them raised between $36M and $69M; one in ten raised more than $158M.

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.