Fundraising benchmarks from July-December, 2025 - share with a fundraising founder.
Data: 1,379 rounds raised by US software companies over that 6-month period.
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Highest ever median post-money valuation at Seed.
Close to peak for median Series A valuations
Still pricey across the board
Founders are selling a little less of their companies these days (on median)
Use to calibrate, but not confirm, your round. Each fundraise is different!
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