Founders in the fundraising sprint - here's how much is raised in each VC round.
Data from 2,340 primary rounds raised in 2024. US startups only, no bridge rounds included.
𝗦𝗲𝗲𝗱 (𝗽𝗿𝗶𝗰𝗲𝗱 𝘀𝗲𝗲𝗱 + 𝗦𝗔𝗙𝗘 𝗿𝗼𝘂𝗻𝗱𝘀 𝗼𝗳 $𝟮𝗠 𝗼𝗿 𝗺𝗼𝗿𝗲)
Median cash today: $3.6M
68% were under $5M
19% jump in median round size from 2023
𝗦𝗲𝗿𝗶𝗲𝘀 𝗔
$10.6M median
4 in 10 rounds fell in the $10M-$24M tier
Median up 6% since 2023
𝗦𝗲𝗿𝗶𝗲𝘀 𝗕
Round sizes all over the place!
$21M median, up 5$ from last year
𝗦𝗲𝗿𝗶𝗲𝘀 𝗖
$35.7M median, up a sizable 27% from 2023
Widely distributed, but more than half go over $25M
𝗦𝗲𝗿𝗶𝗲𝘀 𝗗
$42.6M median, up 5% since last year
About a third of rounds in this stage hit $100M
𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀
Seed rounds raise pretty significant cash these days (our seed definition includes SAFE rounds of at least $2M btw).
Series A has been floating around $10M for multiple years without much change.
Founders are not seeing increased dilution even though round sizes have ticked upwards.
Both the number of rounds and the median cash raised rose in all stages from 2023 to 2024. We're nowhere near 2021 levels, but healthier than last year for sure.
Share with a fundraising founder 🙏
#startups #founders #fundraising #venturecapital
Brighten your inbox with a little startup data - subscribe to our data newsletter at the link in graphic below.
DISCLOSURE: This communication is on behalf of eShares, Inc. dba Carta, Inc. ("Carta"). This communication is for informational purposes only, and contains general information only. Carta is not, by means of this communication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This publication is not a substitute for such professional advice or services nor should it be used as a basis for any decision or action that may affect your business or interests. Before making any decision or taking any action that may affect your business or interests, you should consult a qualified professional advisor. This communication is not intended as a recommendation, offer or solicitation for the purchase or sale of any security. Carta does not assume any liability for reliance on the information provided herein. © 2026 Carta. All rights reserved. Reproduction prohibited.
