We analyzed the 894 VC-backed US tech companies that raised both a Seed round and a Series A round between 2010 and 2014. We sub-categorized the round sizes as follows:
- Small – Below the 25th percentile (<=$0.36M for Seed, <=$2M for Series A)
- Average – Between 25th and 75th percentile inclusive (between $0.36M and $1.5M for Seed, between $2M and $7M for Series A)
- Large – Above 75th percentile (>=$1.5M for Seed, >=$7M for Series A)
According to the data, nearly half of all large seed deals become large Series A deals, even larger than the number of deals that go from large seeds to average Series A. A small number of companies that raised large seeds ended up raising small Series A rounds, including Manzama and RiskPulse. For companies that raised small Seed rounds, 57% went on to raise an average Series A round, and only 13% raising rounds of $7M+ such as Misfit Wearables and Teespring.
Want more data on early stage investments? Check out our venture capital database below.
This report was created with data from CB Insights’ emerging technology insights platform, which offers clarity into emerging tech and new business strategies through tools like:
- Earnings Transcripts Search Engine & Analytics to get an information edge on competitors’ and incumbents’ strategies
- Patent Analytics to see where innovation is happening next
- Company Mosaic Scores to evaluate startup health, based on our National Science Foundation-backed algorithm
- Business Relationships to quickly see a company’s competitors, partners, and more
- Market Sizing Tools to visualize market growth and spot the next big opportunity