Life Science Angels reposted this
Founders - here's how much your peers raised in seed and Series A rounds this year. Data from 1,651 primary rounds raised by US startups on Carta. No bridges or extensions in the dataset. 25th / 50th / 75th percentile values for cash raised by industry. If your industry wasn't included, we probably didn't have enough volume to make a useful analysis this time around. Note - AI is in basically every industry! But if it were broken out, it would be at the top or near the top of both stages. 𝗦𝗲𝗲𝗱 𝗧𝗼𝗽 𝟱 • Cybersecurity: $5.2M median cash raised • Web3: $5M median • Hardware: $4.6M • SaaS: $4M • Biotech: $3.8M Interesting that SaaS came in above Biotech even though we hear about the capital intensive nature of bio work a lot. 𝗦𝗲𝗿𝗶𝗲𝘀 𝗔 𝗧𝗼𝗽 𝟱 • Renewables: $15.3M median cash raised • Cybersecurity: $15M median • Hardware: $13.8M • SaaS: $12M • Biotech: $11.5M The industry with the smallest round sizes across both stages was Food. Sorry food entrepreneurs - looks like VCs want you to do more with less 🙏 Share with a fundraising founder! #startups #seed #seriesA #founders #fundraising
It's interesting that hardware is its own sector....does it matter which industry that hardware is for?
Thanks for sharing Peter Walker. This is data within your platform only, it will be interesting to see if this is reflected across the globe. I do not see Energy, Fintech...
Great infographic. I’d love to see benchmarks for marketplace businesses that have raised seed funding so far this year, including metrics like ARR and other relevant benchmarks.
Non-security folks are surprised when I tell them our seed round is on the low end in cyber.
Love the breakout by industry Peter Walker ❤️ Still baffled by these <$5M Series A primary rounds @ the 25th pct
Space Tech?
Thanks Peter. EdTech medians for A rounds was missing in your second graph, mind sharing it?
Don't be distracted by the celebrity rounds, this post is the true story.
Hey Peter Walker where would AdTech be in this list if there were enough data points? Some sort of content creation platform companies? Would they be under SaaS?
Preparing founders for early-stage fundraises | Harvard MBA | Helped founders raise over $130M
2wThe delta between size of Seed and Series A rounds for Renewables startups is really interesting. For Seed, median of $3.6M (#8 highest industry), whereas for Series A, median of $15.3M (#1 highest industry). Curious what might be causing that.