Series A companies are getting smaller.
The average number of employees on the day of a Series A fundraise for SaaS companies in the US is now 17.
(This only counts full time employees who receive equity, so the actual figure may be a little higher).
But the change over time is clear - companies at this stage had much more substantial teams in 2022 and 2023, but the increased focus on efficiency has pushed that figure down so far in 2024.
Is this just a cost equation? Does it show the influence of AI tooling? Tough to say.
But no denying that SaaS startups are moving fast with fewer headcount.
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