Typical Series A round size for deep tech startups in the US
Based on 23 Form D filings by United States deep tech issuers at Series A stage, filed Nov 2024 – Oct 2026. Updated monthly. Change any segment to compare.
The numbers
- Median Series A raise: $10.4M
- Middle half of rounds: $5M – $19.4M
- Filings in sample: 23
- Rounds under $1M: 9%
- Rounds over $5M: 70%
- Updated Oct 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.