Typical Series A round size for hardware / robotics startups in the US
Based on 43 Form D filings by United States hardware / robotics issuers at Series A stage, filed Nov 2024 – Oct 2026. Updated monthly. Change any segment to compare.
The numbers
- Median Series A raise: $7M
- Middle half of rounds: $3.5M – $12.8M
- Filings in sample: 43
- Rounds under $1M: 9%
- Rounds over $5M: 65%
- 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.