● Browse by stage
From first check to pre-IPO.
The funding ladder, with how many companies are raising at each rung right now and what a typical round looks like.
The ladder
2,560 rounds tracked.
Pre-Seed308 rounds
Median $2M · first outside money, often on an idea and a team
$810K–$3MAngel19 rounds
Median $250K · individual backers, no institutional lead yet
$180K–$1MSeed720 rounds
Median $4M · the busiest rung — first real institutional round
$2M–$8MSeries A675 rounds
Median $14M · proven pull, scaling the first go-to-market
$8M–$25MSeries B364 rounds
Median $40M · repeatable growth, building the org around it
$22M–$70MSeries C217 rounds
Median $100M · category leadership, expansion capital
$52M–$185MSeries D+176 rounds
Median $200M · late-stage, often crossover investors
$110M–$400MGrowth / Late81 rounds
Median $42M · pre-IPO scale, secondary common
$12M–$240MLatest Series A rounds
Where most jobs open up next.
