Funding benchmark · last 12 months

The typical Series C round worldwide

From 238 Series C rounds announced worldwide over the last twelve months, each read from a named source. Half of them raised between $51M and $200M.

See the roundsAll benchmarks

Series CWorldwide
Median round$100M
$33M1 in 10 below$51M – $200Mmiddle half$479M1 in 10 above

238 rounds counted · recounted nightly

Rounds counted238Series C rounds worldwide, last 12 months
Biggest 10%$479M+the top tenth of Series C rounds
Since last round16 momedian gap, from 104 companies we saw raise before
Lead named84%of these rounds name the investor who led

The trend

Median Series C round, quarter by quarter

From $75M in 2024 Q4 to $125M in 2026 Q3. Quarters with fewer than five rounds are left blank.

$75M'24 Q434 rds
$80M'25 Q137 rds
$100M'25 Q231 rds
$100M'25 Q327 rds
$100M'25 Q437 rds
$96M'26 Q155 rds
$85M'26 Q259 rds
$125M'26 Q374 rds

Who leads

The most active leads

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

  1. 1Insight Partners7 led
  2. 2Sequoia Capital5 led
  3. 3Menlo Ventures5 led
  4. 4Andreessen Horowitz4 led
  5. 5General Catalyst4 led
  6. 6Lightspeed Venture Partners4 led

Recent examples

Series C 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 B$50MSeries D$158MGrowth$108M

Series C elsewhere

United States$100MAI$110MFintech$66MHealthcare$56M

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Q&A

How big is a typical Series C round worldwide?

The median is $100M, from 238 Series C rounds announced worldwide in the last twelve months. Half of them raised between $51M and $200M; one in ten raised more than $479M.

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.