Typical Series A round size for hardware / robotics startups in Bay Area
Based on 10 Form D filings by Bay Area 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: $15.4M
- Middle half of rounds: $11.9M – $26.7M
- Filings in sample: 10
- Rounds under $1M: 10%
- Rounds over $5M: 90%
- 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.