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Fundraising Benchmarks Dataset by IdeaProof
Fundraising Benchmarks Dataset is an AI-powered startup fundraising benchmarks tool created by IdeaProof. Traditional agencies charge $5,000-$25,000 per PitchBook or CB Insights enterprise seat for similar services. IdeaProof generates professional-quality results in 60 seconds. This tool is part of IdeaProof's comprehensive startup validation and brand building platform.
Related Concepts for startup fundraising benchmarks
- median seed round size 2024
- series A pre-money valuation SaaS
- startup dilution benchmarks
- venture capital benchmark data
- ARR multiple at series A
- burn multiple SaaS benchmark
- AI startup valuation premium
- fintech series B median round
- healthtech fundraising 2025
- climate tech round size
- European vs US venture capital
- LatAm seed funding benchmark
- APAC series A valuation
- Carta state of private markets
- PitchBook NVCA venture monitor
- Bessemer state of the cloud
- graduation rate seed to series A
- time to next round venture
Common Questions About startup fundraising benchmarks
- What is the median Series A valuation for SaaS startups in 2024?
- How much dilution should I expect at seed stage?
- What are typical revenue multiples for AI startups raising Series A?
- How big is a median seed round for fintech in the US?
- What is the burn multiple benchmark for Series B SaaS companies?
- How do European Series A valuations compare to US?
- What ARR do investors expect at Series A for B2B SaaS?
- How much runway should I have after closing a Seed round?
- What is a good revenue multiple for a Series B healthtech startup?
- How long does it take to close a Series A in 2025?
- What is the graduation rate from Seed to Series A?
- How do AI startup valuations compare to non-AI SaaS?
Fundraising Benchmarks Dataset vs Traditional Agencies
While traditional branding and marketing agencies charge $5,000-$25,000 per PitchBook or CB Insights enterprise seat and take weeks to deliver, IdeaProof's Fundraising Benchmarks Dataset uses advanced AI to generate professional-quality results instantly. This democratizes access to enterprise-grade tools for startups, solopreneurs, and small businesses. The AI is trained on millions of successful brand examples and marketing campaigns.
Who Uses Fundraising Benchmarks Dataset?
- Startup founders validating new business ideas
- Small business owners building their brand
- Marketing managers creating campaign assets
- Entrepreneurs launching new products
- Freelancers and consultants building personal brands
- Agencies needing quick concept mockups for clients
- Product managers defining brand positioning
- Growth marketers creating A/B test variations
About IdeaProof Platform
IdeaProof is a comprehensive AI platform for startup validation and brand building. Founded to help entrepreneurs validate ideas before investing time and money. The platform includes: AI Business Validator, Market Research Tool, Competitor Analysis, Brand Strategy Generator, Logo Generator, Visual Identity System, Marketing Suite, Ad Creatives Generator, Email Sequence Generator, and UGC Script Generator. All tools work together to take entrepreneurs from idea to launch-ready marketing.
Availability
Fundraising Benchmarks Dataset is available worldwide via web browser. Supports English language. Used by entrepreneurs in United States, United Kingdom, Canada, Australia, Germany, France, Netherlands, and 100+ other countries. No download required. Works on desktop, tablet, and mobile devices.
From Pre-Seed to Growth — 3,600 startup fundraising benchmarks in one place
Median round size, pre/post-money valuation, dilution, ARR multiples and burn multiples across 24 verticals, 6 stages and 5 geographies.
3,600 benchmark rows · 32 public sources (Carta, PitchBook-NVCA, Crunchbase, Bessemer, Rock Health, F-Prime, Dealroom, Galaxy, AgFunder, CTVC)
Built by IdeaProof · Updated 2026
Fundraising Benchmarks 2025: Key Medians at a Glance
US Pre-Seed (2024): median priced round ~$1.0M, pre-money ~$5–6M, ~20% dilution.
US Seed (2024): median round ~$3.0–3.5M, pre-money ~$12–15M, post-money ~$15–18M, ~20% dilution. AI-attached seeds command 1.5–2× premium on valuation.
US Series A (2024): median round ~$10–12M, pre-money ~$40–50M for SaaS, ~$70–90M for AI-native startups. Median ARR at A: ~$1.5–2.5M for B2B SaaS, with 15–20× ARR multiples (30–60× for AI).
US Series B (2024): median round ~$25–30M, post-money ~$120–180M. Expected ARR ~$8–15M, burn multiple under 2.0 per Bessemer.
Series C / Growth: medians $40–80M+ rounds, post-money $300M–$1B+, with significant variance by vertical.
Geography: European rounds trail US medians by ~25–30% at every stage; LatAm and APAC trail US by 35–50%.
Dilution: ~20% at Seed and Series A. Hardware, biotech, deeptech and climate trend 22–28%.
Sources: Carta State of Private Markets Q4 2024, PitchBook-NVCA Venture Monitor 2024, Crunchbase 2024, Bessemer State of the Cloud 2025, Rock Health 2024, F-Prime Fintech Index 2025, Dealroom European Tech 2024, Galaxy Crypto VC, AgFunder, CTVC. CC BY 4.0 — attribution: IdeaProof (https://ideaproof.io).
Visual benchmarks across stages, AI premium & geographies
A snapshot of what the median US round looks like in 2024 — before you dive into the full data explorer below.
Median round size · US 2024
AI premium · Series A pre-money
AI-native startups command ~1.8× the SaaS median (Carta + Crunchbase 2024).
Series A round · Geo index (US = 100)
Median dilution by stage
- Pre-Seed18%
- Seed20%
- Series A20%
- Series B16%
- Series C12%
Hardware, biotech, deeptech & climate trend 22–28%.
Graduation rate · cohort to next round
- Pre-Seed → Seed42%
- Seed → Series A28%
- Series A → B41%
- Series B → C47%
24-month windows · Carta + Crunchbase 2024.
Median time between rounds
Time-to-next-round stretched ~3–5 months vs 2021.
Interactive Explorer — 3,600 rows
Tap a vertical icon, refine by stage, geography and year, then export your slice as CSV.
Pick a vertical
Median round size by stage (US · 2024)
Round size evolution (US, $M)
- Seed
- Series A
- Series B
| Vertical | Stage | Round | Pre-money | Post-money | Dilution | ARR @ round | Rev mult. | Burn mult. | Conf. |
|---|---|---|---|---|---|---|---|---|---|
| SaaS | Pre-Seed | $700K | $8.0M | $8.7M | 8% | — | — | — | high |
| SaaS | Seed | $3.5M | $15.0M | $18.0M | 19.4% | $250K | 60x | 2.4 | high |
| SaaS | Series A | $12.0M | $45.0M | $57.0M | 21.1% | $2.5M | 18x | 1.9 | high |
| SaaS | Series B | $27.0M | $130.0M | $160.0M | 16.9% | $9.0M | 14x | 1.6 | high |
| SaaS | Series C | $50.0M | $320.0M | $370.0M | 13.5% | $25.0M | 12x | 1.3 | high |
| SaaS | Growth | $90.0M | $750.0M | $840.0M | 10.7% | $80.0M | 9x | 1.1 | high |
| B2B SaaS | Pre-Seed | $740K | $8.4M | $9.1M | 8.1% | — | — | — | high |
| B2B SaaS | Seed | $3.7M | $16.0M | $20.0M | 18.5% | $280K | 60x | 2.3 | high |
| B2B SaaS | Series A | $13.0M | $47.0M | $60.0M | 21.7% | $2.8M | 18x | 1.8 | high |
| B2B SaaS | Series B | $28.0M | $140.0M | $170.0M | 16.5% | $9.9M | 14x | 1.5 | high |
| B2B SaaS | Series C | $52.0M | $340.0M | $390.0M | 13.3% | $28.0M | 12x | 1.2 | high |
| B2B SaaS | Growth | $94.0M | $790.0M | $880.0M | 10.7% | $88.0M | 9x | 1 | high |
| B2C SaaS | Pre-Seed | $600K | $6.8M | $7.4M | 8.1% | — | — | — | high |
| B2C SaaS | Seed | $3.0M | $13.0M | $16.0M | 18.8% | $200K | 60x | 2.6 | high |
| B2C SaaS | Series A | $10.0M | $38.0M | $48.0M | 20.8% | $2.0M | 18x | 2.1 | high |
| B2C SaaS | Series B | $23.0M | $110.0M | $130.0M | 17.7% | $7.2M | 14x | 1.8 | high |
| B2C SaaS | Series C | $42.0M | $270.0M | $310.0M | 13.5% | $20.0M | 12x | 1.5 | high |
| B2C SaaS | Growth | $76.0M | $640.0M | $720.0M | 10.6% | $64.0M | 9x | 1.3 | high |
| AI / ML | Pre-Seed | $1.3M | $17.0M | $18.0M | 7.2% | — | — | — | high |
| AI / ML | Seed | $6.3M | $32.0M | $38.0M | 16.6% | $180K | 120x | 2.8 | high |
Showing first 20 of 144 rows. Export CSV for the full slice.
By Vertical · 2024 US Snapshot
Click through to the matching idea validator for each vertical.
SaaS
Horizontal SaaS rounds compressed 2022-2023 then recovered in 2024 led by AI-attached software. Median Series A pre-money sits at ~$45M for top-quartile SaaS (Carta Q4 2024).
Seed median (US '24)
$3.5M @ $15.0M pre
Series A median
$12.0M @ $45.0M pre
- ›AI-attached SaaS commands a 30-50% multiple premium
- ›Rule of 40 remains the gating metric for Series B+
- ›Bridge rounds at 2023 valuations were widespread
Notable 2024: Databricks Series J ($10.0B)
B2B SaaS
B2B SaaS commands higher multiples than horizontal SaaS, with Rule-of-40 leaders raising at 12-18x ARR. Wiz, Ramp, Rippling drove 2024 mega-rounds.
Seed median (US '24)
$3.7M @ $16.0M pre
Series A median
$13.0M @ $47.0M pre
- ›NDR >130% required for top-quartile Series B
- ›Sales-led + PLG hybrid dominates 2024 cohorts
- ›Vertical SaaS outperforming horizontal on multiples
Notable 2024: Wiz Series E ($1.0B)
B2C SaaS
B2C SaaS dilution is similar to B2B but valuations trail 15-20% given retention realities. Consumer subscription multiples compressed sharply post-2022.
Seed median (US '24)
$3.0M @ $13.0M pre
Series A median
$10.0M @ $38.0M pre
- ›Consumer subscription churn pressuring valuations
- ›AI personalization is the new wedge
- ›Bundling drives expansion revenue
Notable 2024: Calm Series C ($75.0M)
AI / ML
AI/ML attracted ~37% of all 2024 VC ($131B globally per Crunchbase). Round sizes are 1.5-2x vertical peers; revenue multiples reach 30-50x for foundation model startups.
Seed median (US '24)
$6.3M @ $32.0M pre
Series A median
$22.0M @ $94.0M pre
- ›Foundation model rounds dominate $1B+ deals
- ›Application-layer commands 20-30x ARR
- ›Inference costs determining margin profiles
Notable 2024: OpenAI Round ($6.6B)
Marketplace
Marketplace funding rebounded modestly in 2024. GMV-based valuations sit at 1-3x GMV for liquid 2-sided networks (a16z Marketplace 100).
Seed median (US '24)
$3.9M @ $16.0M pre
Series A median
$13.0M @ $47.0M pre
- ›Take-rate expansion is the key metric for Series C+
- ›B2B marketplaces outperforming consumer
- ›AI matching driving liquidity in long-tail verticals
Notable 2024: Faire Series G ($416.0M)
Mobile App
Mobile-only startups saw fewer mega-rounds in 2024 vs. 2021 peak. Consumer mobile rounds skew smaller; AI-native mobile apps (Cal AI) are exceptions.
Seed median (US '24)
$2.8M @ $11.0M pre
Series A median
$9.6M @ $34.0M pre
- ›AI-native consumer apps reset the playbook
- ›Subscription IAP economics scrutinized post-ATT
- ›Distribution costs compressing margins
Notable 2024: Cal AI Seed ($21.0M)
E-commerce / D2C
DTC funding contracted 50%+ from 2021 peak. Profitability and inventory efficiency now drive Series B+ rounds. Revenue multiples 1-3x for traditional DTC.
Seed median (US '24)
$3.2M @ $10.0M pre
Series A median
$11.0M @ $31.0M pre
- ›Profitable growth replacing GMV-at-all-costs
- ›AI for merchandising/SEO driving conversion
- ›International expansion via marketplaces
Notable 2024: Shein pre-IPO ($2.0B)
Fintech
Fintech VC reached ~$33B globally in 2024 (F-Prime), down from 2021 but up YoY. Embedded finance and AI-fintech lead. Bank-charter dilution at Series C is 18-22%.
Seed median (US '24)
$4.4M @ $17.0M pre
Series A median
$15.0M @ $52.0M pre
- ›Embedded finance leading new round formation
- ›Compliance costs reshaping unit economics
- ›AI underwriting at Series A is table-stakes
Notable 2024: Stripe Tender ($6.5B)
Healthtech
Digital health hit $10.1B in 2024 per Rock Health, with AI-enabled care delivery taking 37% of deals. Series A medians: $15M.
Seed median (US '24)
$4.0M @ $14.0M pre
Series A median
$14.0M @ $43.0M pre
- ›GLP-1 and women's health drove 2024 mega-rounds
- ›AI scribes/note-taking is the hottest sub-sector
- ›Provider-enablement outperforming D2C health
Notable 2024: Tempus IPO ($410.0M)
Edtech
EdTech funding fell 65%+ from 2021 highs per HolonIQ. AI-tutoring (MagicSchool) and workforce learning are bright spots. Lower multiples vs. SaaS.
Seed median (US '24)
$2.6M @ $9.8M pre
Series A median
$9.0M @ $29.0M pre
- ›AI tutoring resetting K-12 economics
- ›Higher-ed funding compressed sharply
- ›Workforce/upskilling resilient vs. consumer edtech
Notable 2024: Course Hero Studio
FoodTech
AgriFoodTech raised $15.1B in 2024 per AgFunder, down YoY. Foodservice tech and alt-protein platforms drive late-stage.
Seed median (US '24)
$3.3M @ $11.0M pre
Series A median
$11.0M @ $34.0M pre
- ›Alt-protein contracted; restaurant tech grew
- ›Ghost kitchens consolidating
- ›AI for menu engineering emerging
Notable 2024: Wonder Series C ($700.0M)
GameTech
Games VC stabilized at $1.1B Q4 2024 (a16z Games). UGC platforms and gaming infrastructure command premium multiples; studios are capital-intensive.
Seed median (US '24)
$3.7M @ $14.0M pre
Series A median
$13.0M @ $40.0M pre
- ›UGC platforms (Roblox-clones) attracting capital
- ›Mobile gaming + AI generation hot
- ›Studio funding remained scarce
Notable 2024: Epic Games Round ($1.5B)
PropTech
PropTech funding -23% YoY 2024. AI for property management (EliseAI) and climate-resilient real estate are the active themes.
Seed median (US '24)
$3.5M @ $12.0M pre
Series A median
$12.0M @ $36.0M pre
- ›AI for property management leading deals
- ›Climate-resilient construction tech rising
- ›iBuying largely dead
Notable 2024: EliseAI Series C ($75.0M)
TravelTech
TravelTech recovered post-COVID with $5.6B raised in 2024. AI itinerary planning and hospitality SaaS lead Series B+ activity.
Seed median (US '24)
$3.2M @ $12.0M pre
Series A median
$11.0M @ $36.0M pre
- ›AI trip-planning startups proliferating
- ›Hospitality SaaS consolidation accelerating
- ›Loyalty/fintech for travel hybrid models
Notable 2024: Hopper Series G ($175.0M)
AgriTech
AgriTech rounds skew larger due to hardware + biology, with longer paths to revenue. Upstream tech raised $5.8B in 2024.
Seed median (US '24)
$3.3M @ $12.0M pre
Series A median
$11.0M @ $36.0M pre
- ›Precision ag commanding largest rounds
- ›Indoor farming contracted
- ›Carbon markets driving agtech investment
Notable 2024: Indigo Series F ($250.0M)
CleanTech / Climate
Climate tech raised ~$30B in 2024 per CTVC. Round sizes are 1.5-2x SaaS peers, dilution is 25-30%+ pre-product given capex needs.
Seed median (US '24)
$5.6M @ $18.0M pre
Series A median
$19.0M @ $54.0M pre
- ›IRA tailwinds fueling 2024 mega-rounds
- ›Battery & grid tech dominating
- ›Carbon removal earliest-stage activity
Notable 2024: Northvolt Debt ($5.0B)
HRTech
HRTech consolidated in 2024 with Rippling and Deel dominating mega-rounds. AI recruiting startups (Mercor, Eightfold) command 15-25x ARR.
Seed median (US '24)
$3.2M @ $14.0M pre
Series A median
$11.0M @ $43.0M pre
- ›AI recruiting (Mercor) raising at premium multiples
- ›Global payroll consolidation (Deel/Rippling)
- ›Workforce intelligence emerging
Notable 2024: Rippling Series F ($200.0M)
InsurTech
InsurTech VC ~$4.5B 2024 per Gallagher Re. MGAs and embedded insurance command growth, but multiples remain compressed vs. SaaS.
Seed median (US '24)
$3.9M @ $13.0M pre
Series A median
$13.0M @ $38.0M pre
- ›MGA model losing favor; tech-enablement winning
- ›Cyber insurance growing rapidly
- ›Embedded insurance leading B2B insurtech
Notable 2024: Sidecar Health Series D ($165.0M)
LegalTech
LegalTech AI (Harvey, EvenUp) saw 4x growth in 2024 funding per Thomson Reuters. ARR multiples for AI-native legal exceed 30x at Series A.
Seed median (US '24)
$3.0M @ $14.0M pre
Series A median
$10.0M @ $43.0M pre
- ›AI-native legal commanding 30-50x ARR
- ›Personal injury automation (EvenUp) breakout
- ›Contract intelligence platform wars
Notable 2024: Harvey Series C ($100.0M)
RetailTech
RetailTech split between point-solutions (compressed multiples) and platform plays (Toast-style). Hardware components drag valuations.
Seed median (US '24)
$3.0M @ $11.0M pre
Series A median
$10.0M @ $34.0M pre
- ›AI shopping agents emerging
- ›Headless commerce maturing
- ›Returns optimization SaaS niche growing
Notable 2024: Faire Series G ($416.0M)
Web3 / Crypto
Crypto VC raised ~$11.5B in 2024 per Galaxy. Infrastructure dominates; consumer crypto remains volatile. Token-equity dual structures add complexity.
Seed median (US '24)
$4.6M @ $21.0M pre
Series A median
$16.0M @ $63.0M pre
- ›Stablecoin infra raised 50%+ of 2024 deals
- ›Onchain consumer (Farcaster) reset narrative
- ›Token-equity structures evolving
Notable 2024: Farcaster Series A ($150.0M)
DeepTech
DeepTech rounds are 50-80% larger than software peers (BCG/Hello Tomorrow). 7-10 year holds; dilution at Series A often 25%+.
Seed median (US '24)
$6.0M @ $20.0M pre
Series A median
$20.0M @ $58.0M pre
- ›Quantum computing rounds reached commercial scale
- ›Defense tech (Anduril effect) accelerating
- ›Robotics + AI converging
Notable 2024: Quantinuum Round ($300.0M)
BioTech
BioTech Series A medians: $35-60M, Series B: $80-120M (SVB Healthcare H2 2024). Platform companies command premium; therapeutics-only contracted.
Seed median (US '24)
$7.7M @ $22.0M pre
Series A median
$26.0M @ $68.0M pre
- ›AI-bio platforms (Xaira) reset early-stage
- ›Obesity/GLP-1 dominated 2024 deals
- ›Diagnostics rebounding post-COVID compression
Notable 2024: Xaira Therapeutics Seed ($1.0B)
Hardware / IoT
Hardware/robotics rounds are 30-60% larger than software, with longer time-to-revenue. Humanoid robotics drove 2024 mega-rounds (Figure, 1X, Physical Intelligence).
Seed median (US '24)
$4.9M @ $14.0M pre
Series A median
$17.0M @ $40.0M pre
- ›Humanoid robotics drove 2024 mega-rounds
- ›Consumer hardware remained tough
- ›Defense + space hardware accelerating
Notable 2024: Figure AI Series B ($675.0M)
Sources & Methodology
Benchmarks aggregated from publicly available reports (Carta State of Private Markets, PitchBook-NVCA Venture Monitor, Crunchbase year-end reviews, Dealroom regional reports, CB Insights State of Venture, AngelList, sector-specific reports). Per-cell medians cross-referenced across 2-4 sources where available; cells marked confidence: low are model-estimated when source coverage was thin. All figures are USD. Round-size and valuation medians refer to priced rounds only; SAFE/convertible-only rounds reported separately by Carta are excluded.
Carta · 2024
State of Private Markets Q4 2024
Carta · 2025
State of Private Markets Q1 2025
Carta / Peter Walker · 2024
Peter Walker LinkedIn data series
PitchBook-NVCA · 2024
Venture Monitor Q4 2024
PitchBook-NVCA · 2025
Venture Monitor Q1 2025
Crunchbase News · 2024
Global Startup Funding Recap 2024
CB Insights · 2024
State of Venture 2024 Annual
Dealroom · 2024
European Tech 2024
Dealroom · 2024
LatAm Tech 2024
Dealroom · 2024
APAC Tech Funding 2024
Bessemer Venture Partners · 2025
State of the Cloud 2025
OpenView · 2024
SaaS Benchmarks Report 2024
Rock Health · 2024
Digital Health Funding Year-End 2024
SVB · 2024
State of the Markets H2 2024
a16z Games · 2024
Games Funding Report 2024
F-Prime · 2024
State of Fintech 2024
HolonIQ · 2024
Global EdTech Funding 2024
PwC / CB Insights · 2024
MoneyTree Report Q4 2024
KPMG · 2024
Venture Pulse Q4 2024
Galaxy Research · 2024
Crypto Venture Capital 2024
CTVC / Sightline Climate · 2024
Climate Tech Funding 2024
AgFunder · 2024
AgriFoodTech Investment Report 2024
Center for Real Estate Technology · 2024
PropTech Venture Funding 2024
Phocuswright · 2024
State of Travel Startups 2024
Andreessen Horowitz / Sensor Tower · 2024
Mobile App Trends 2024
Stacked Capital / a16z · 2024
Marketplace 100 2024
BCG / Hello Tomorrow · 2024
Deep Tech Investment Report 2024
SVB · 2024
Healthcare Investments & Exits H2 2024
Gallagher Re · 2024
Global InsurTech Report Q4 2024
Thomson Reuters Institute · 2024
Legal Tech Investment Trends 2024
Y Combinator · 2024
YC Funding Standards
First Round Review · 2024
State of Startups 2024
Benchmarks are indicative medians, not investment advice. Variance within each cell is significant — assume p25/p75 ranges of roughly 0.5x to 2x the median. Always cross-reference with current Carta and PitchBook reports before fundraising.
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