Typical Series A round size for deep tech startups in the US
Based on 21 Form D filings by United States deep tech issuers at Series A stage, filed Oct 2024 – Aug 2026. Updated monthly. Change any segment to compare.
The numbers
- Median Series A raise: $10.2M
- Middle half of rounds: $5M – $15.8M
- Filings in sample: 21
- Rounds under $1M: 10%
- Rounds over $5M: 67%
- 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.