Typical Series A round size for startups in Chicago
Based on 15 Form D filings by Chicago all sectors issuers at Series A stage, filed Oct 2024 – Aug 2026. Updated monthly. Change any segment to compare.
The numbers
- Median Series A raise: $9.4M
- Middle half of rounds: $3.7M – $13.5M
- Filings in sample: 15
- Rounds under $1M: 0%
- Rounds over $5M: 60%
- Updated Aug 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 · Bay Area ($17.4M)
All sectors · Series A · New York ($12M)