Funding benchmark · last 12 months

The typical Series C round in Healthcare

From 33 Series C rounds announced in Healthcare over the last twelve months, each read from a named source. Half of them raised between $41M and $100M.

See the roundsAll benchmarks

Series CHealthcare
Median round$56M
$31M1 in 10 below$41M – $100Mmiddle half$125M1 in 10 above

33 rounds counted · recounted nightly

Rounds counted33Series C rounds in Healthcare, last 12 months
Against worldwide-44%vs the $100M worldwide median
Since last round18 momedian gap, from 16 companies we saw raise before
Lead named85%of these rounds name the investor who led

The trend

Median Series C round, quarter by quarter

From $65M in 2025 Q1 to $89M in 2026 Q3. Quarters with fewer than five rounds are left blank.

'24 Q43 rds
$65M'25 Q16 rds
$70M'25 Q25 rds
'25 Q34 rds
'25 Q43 rds
$50M'26 Q16 rds
$56M'26 Q211 rds
$89M'26 Q310 rds

Who leads

The most active leads

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

  1. 1Menlo Ventures2 led
  2. 2Vitruvian Partners2 led
  3. 3Andreessen Horowitz1 led
  4. 4General Catalyst1 led
  5. 5Lightspeed Venture Partners1 led
  6. 6OrbiMed1 led

Recent examples

Series C rounds in Healthcare, 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 Healthcare

Seed$4.9MSeries A$20MSeries B$46M

Series C elsewhere

United States$100MAI$110MFintech$66M

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Q&A

How big is a typical Series C round in Healthcare?

The median is $56M, from 33 Series C rounds announced in Healthcare in the last twelve months. Half of them raised between $41M and $100M; one in ten raised more than $125M.

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.