Typical Series A round size for startups in Bay Area
Based on 173 Form D filings by Bay Area all sectors issuers at Series A stage, filed Oct 2024 – Sep 2026. Updated monthly. Change any segment to compare.
The numbers
- Median Series A raise: $17.4M
- Middle half of rounds: $10M – $25.2M
- Filings in sample: 173
- Rounds under $1M: 1%
- Rounds over $5M: 90%
- 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 · Series A · New York ($12M)
All sectors · Series A · Boston ($11.7M)