Deal volume & median round sizes
Rounds tracked from SEC Form D filings, company announcements, and press-verified reporting. Stage medians cover the trailing 12 months — the window where stage labels are densest; yearly totals count every tracked round.
By stage · last 12 months
| Stage | Rounds | Median size | Disclosed total |
|---|---|---|---|
| Pre-Seed | 100 | $2.2M | $38.3M |
| Seed | 531 | $7M | $3.5B |
| Series A | 470 | $25M | $7.7B |
| Series B | 225 | $45M | $18.1B |
| Series C | 118 | $90M | $6.2B |
| Growth | 112 | $189.2M | $10.2B |
By year · all tracked rounds
| Year | Rounds | With amounts | Median | Disclosed total |
|---|---|---|---|---|
| 2026 | 10,860 | 7,748 | $1.9M | $248.8B |
| 2025 | 16,094 | 13,137 | $1.8M | $213.2B |
| 2024 | 16,225 | 13,324 | $1.8M | $196.3B |
| 2023 | 20,676 | 18,050 | $1.1M | $238.9B |
| 2022 | 24,865 | 22,070 | $1.1M | $364.8B |
| 2021 | 27,256 | 24,432 | $1.2M | $485.8B |
| 2020 | 21,750 | 19,493 | $882.2K | $277.3B |
| 2019 | 23,776 | 21,145 | $771.3K | $191.9B |
| 2018 | 22,442 | 19,869 | $950K | $1219.5B |
| 2017 | 21,451 | 19,194 | $865.6K | $156.7B |
Yearly medians span all stages and skew toward the small Form D filings most rounds are — use the stage table for stage-level norms.
Frequently asked questions
- What is the median Pre-Seed round size right now?
- $2.2M, computed across 100 Pre-Seed rounds announced in the last 12 months and tracked by Fundraising Fox.
- What is the median Seed round size right now?
- $7M, computed across 531 Seed rounds announced in the last 12 months and tracked by Fundraising Fox.
- What is the median Series A round size right now?
- $25M, computed across 470 Series A rounds announced in the last 12 months and tracked by Fundraising Fox.
- What is the median Series B round size right now?
- $45M, computed across 225 Series B rounds announced in the last 12 months and tracked by Fundraising Fox.
- What is the median Series C round size right now?
- $90M, computed across 118 Series C rounds announced in the last 12 months and tracked by Fundraising Fox.
- What is the median Growth round size right now?
- $189.2M, computed across 112 Growth rounds announced in the last 12 months and tracked by Fundraising Fox.
- How many venture rounds were announced in 2025?
- Fundraising Fox tracked 16,094 rounds announced in 2025, with $213.2B in disclosed amounts across 13,137 of them.