Aperture AI fundraising benchmarks
What a typical AI round looks like at each stage, how that differs by sector, region and year, and how fast companies raise again. Choose a sector, region and period.
12,796 rounds · 10,219 companies · 2023-01-02 to 2026-11-14
Typical round size by stage
Dot = median. Bar = the middle half of rounds. Mega-rounds left out.
| Stage | Rounds | Amounts used | 25th percentile | Median | 75th percentile |
|---|---|---|---|---|---|
| Pre-Seed | 1,104 | 910 | $1M | $2M | $3M |
| Seed | 4,779 | 3,862 | $2.7M | $5M | $8.5M |
| Pre-A | 474 | 273 | $1.7M | $3.6M | $9.4M |
| Series A | 3,013 | 2,585 | $10M | $16M | $26M |
| Series B | 1,538 | 1,341 | $22M | $37M | $62M |
| Series C | 478 | 443 | $50M | $88M | $149M |
| Series D | 188 | 180 | $100M | $140M | $280M |
| Series E | 86 | 78 | $109M | $200M | $300M |
| Series F+ | 69 | 63 | $164M | $275M | $675M |
| Growth | 97 | 80 | $20M | $42M | $131M |
| Stage not stated | 970 | 699 | $4M | $14M | $71M |
A figure needs at least 20 disclosed amounts. Rounds of $5B or more (24 in this view) are left out of round sizes and listed separately; they still count as rounds. Choose a sector, region or period above for other views.
Mega-rounds, shown separately
How fast companies raise again
Median time since the company's previous round, and the share that raised again within 18 months.
Round size by sector
Median round size at each stage, for each sector in this view. Shading compares each figure with the same stage across all sectors. A dash means fewer than 20 disclosed amounts.
Round size by region
Median round size at each stage, for each headquarters region in this view.
Round size by year
Median round size at each stage, by year of announcement, with the change on the year before. Uses every year, whatever the period above; the sector and region filters still apply.
How these are computed
- Rounds are counted by announcement date. Round size and valuation use rounds that disclose them; rounds without an amount still count as rounds.
- Mega-rounds ($5B or more) are listed on the right and left out of the size and valuation figures. Totals elsewhere on the site include them.
- A figure needs at least 20 rounds behind it; with fewer, only the count is shown.
- The sector, region and year tables use the same rules. Shading compares a median with the same stage for the whole view (blue: larger, sand: smaller); it is not a score. Series D, E and F+ are grouped as Series D+. The year table uses every year, whatever the period chosen.
- "Raised again within 18 months" looks at rounds announced on or before —, so every round has had 18 months to be followed.