Typical seed round size for startups in Chicago
Based on 63 Form D filings by Chicago all sectors issuers at seed stage, filed Nov 2024 – Sep 2026. Updated monthly. Change any segment to compare.
The numbers
- Median seed raise: $2M
- Middle half of rounds: $900k – $4M
- Filings in sample: 63
- Rounds under $1M: 27%
- Rounds over $5M: 14%
- Updated Sep 2026
Read this number carefully
Form D undercounts small SAFE rounds and rounds that rely on other exemptions. Treat the median as a ceiling for "typical", not a target.
Compare segments
All sectors · Seed · Bay Area ($3.5M)
All sectors · Seed · New York ($3.4M)