📅 Last Updated: January 26, 2026 | New startups added weekly
Series A funding represents a critical inflection point in a startup’s journey. It’s the stage where promising companies transition from proving product-market fit to scaling their operations aggressively. For investors, entrepreneurs, and B2B service providers, tracking Series A funding announcements offers valuable insights into emerging market trends and high-growth opportunities.
Our comprehensive database tracks the latest Series A funding rounds globally, providing verified contact information for key decision-makers at these rapidly scaling companies. Below you’ll find our most recent Series A funding announcements, along with detailed insights into what makes this funding stage unique.
Understanding startup funding stages helps contextualize where Series A fits in a company’s growth trajectory. Companies at this stage have typically graduated from seed funding and are now ready for institutional capital to fuel expansion.
⚡ Quick access: Jump directly to the list of 100 recently funded Series A startups →
Table of Contents
Recently Funded Series A Startups
Check out our research below on the latest fundings at this stage around the world. Reaching this milestone is a tremendous achievement for any startup, often proving they have product-market fit and allowing the company to begin scaling their success. The business focus shifts from the boldness of the idea to the quality and profitability of the team’s execution.
We compile data every week on newly funded startups and have thousands of companies like this in our master database.
The most recent 100 funding announcements are listed in the table below. These highlight the diverse sectors attracting substantial capital, from cutting-edge technological advancements to innovative solutions addressing pressing societal needs. Many of these companies are AI startups, FinTech startups, or B2B SaaS startups leveraging technology to transform traditional industries.
Growth List subscribers also get details around lead investors, company CEOs, and other key decision makers of these exciting startups.
| Name | Website | Industry | Country | Funding Amount (USD) | Funding Type | Last Funding Date |
|---|---|---|---|---|---|---|
| Knight FinTech | FinTech, Finance, B2B Software | India | $23,600,000 | Series A | January 2026 | |
| Aliben | aliben.cn | Manufacturing, Electronics, Hardware | China | Series A | January 2026 | |
| Jinghong Medical Group | Healthcare, Chemicals, Manufacturing | Series A | January 2026 | |||
| SignalRank | signalrank.com | Investing, Finance, Analytics, Artificial Intelligence, Data | United States | $22,035,527 | Series A | January 2026 |
| Heyone Black Play | heyone.cn | Consumer Goods, Retail | China | $14,294,904 | Series A | January 2026 |
| Grayscale security | huidusec.com | Cyber Security, B2B Software | China | $1,427,368 | Series A | January 2026 |
| BRC Biotechnology | brcgroup.cn | Biotechnology, Pharmaceuticals | China | $14,273,684 | Series A | January 2026 |
| Act Security | act.security | Cyber Security, B2B Software, Cloud Computing | Israel | $40,000,000 | Series A | January 2026 |
| Haozhao Aerospace Technology | howchau.com | Aviation, B2B Software, Logistics, Security | China | Series A | January 2026 | |
| CVSAT | cvsat.com | Telecommunications, Aerospace | China | $14,273,684 | Series A | January 2026 |
| Biocom | biocom.kr | Healthcare, Wellness, Analytics, Biotechnology, Nutrition and Supplements | South Korea | Series A | January 2026 | |
| Truva | truva.in | Real Estate, Marketplace | India | $6,301,370 | Series A | January 2026 |
| Shenglan Semiconductor | Electronics, Hardware, Manufacturing, Materials | China | Series A | January 2026 | ||
| PRCXI Biotechnology | prcxi.com | Biotechnology, B2B Software, Data, Hardware, Robotics | China | Series A | January 2026 | |
| Shargetech | shargetech.com | Electronics, Artificial Intelligence, Consumer Goods, Manufacturing | China | $14,272,054 | Series A | January 2026 |
| Spectral Domain Technology | Aerospace,Electronics,Hardware,Manufacturing,Telecommunications | China | Series A | January 2026 | ||
| Wuxi Shuguang Precision | wuxi-dawn.com | Automotive, Hardware, Manufacturing, Mechanical Engineering | China | Series A | January 2026 | |
| Lingxin Qiaoshou | linkerbot.cn | Robotics, Artificial Intelligence, Electronics, Hardware, Manufacturing | China | Series A | January 2026 | |
| Xinguang Biotech | x-dialysis.com | Biotechnology, Healthcare | China | Series A | January 2026 | |
| Tope | tope3d.com | 3D, Electronics, Energy, Hardware, Manufacturing, Materials | China | Series A | January 2026 | |
| Sankun | sankun.com | Marketplace, B2B Software, Construction, Manufacturing | South Korea | Series A | January 2026 | |
| Mesa Quantum | Hardware, Aerospace, Electronics, Manufacturing, Quantum Computing | United States | $11,222,602 | Series A | January 2026 | |
| SATELLAI | satellai.com | Wearables, Artificial Intelligence, Electronics, Pets | Series A | January 2026 | ||
| RXC | rxc.co.kr | E-commerce, Advertising, Marketing, Media | South Korea | $4,837,457 | Series A | January 2026 |
| DebitMyData | Artificial Intelligence, B2B Software, Blockchain, Cyber Security, Data | United States | Series A | January 2026 | ||
| BrightHeart | brightheart.fr | Healthcare, Artificial Intelligence, B2B Software | France | $12,841,151 | Series A | January 2026 |
| Longshen Hydrogen Energy | hnrossum.com | Energy, Hardware, Manufacturing, Mechanical Engineering, Robotics | China | Series A | January 2026 | |
| Engitix | engitix.com | Biotechnology, Healthcare, Materials | United Kingdom | $25,000,000 | Series A | January 2026 |
| Huixin Medical Valley | Biotechnology, Pharmaceuticals | China | $14,274,295 | Series A | January 2026 | |
| Tucuvi | tucuvi.com | Healthcare, Artificial Intelligence, B2B Software | Spain | $20,000,000 | Series A | January 2026 |
| Daqi Technology | daqihj.com | Environment, Chemicals | China | $4,296,271 | Series A | January 2026 |
| KungFu Robotics | kf-robotics.com | Robotics, Hardware, Logistics, Manufacturing | China | Series A | January 2026 | |
| Valinor Enterprises | valinor.co | Government, B2B Software, Cyber Security, Information Technology | United States | $54,000,000 | Series A | January 2026 |
| Jiangsu Xicheng New Materials | Materials, Chemicals, Manufacturing, Nanotechnology | China | Series A | January 2026 | ||
| Kunlei Technology | uniradar.cn | Aerospace, Drones, Hardware, Robotics | China | Series A | January 2026 | |
| Luminate Medical | Healthcare, Hardware | Ireland | $21,000,000 | Series A | January 2026 | |
| Protege | withprotege.ai | Artificial Intelligence, Data, B2B Software | United States | $30,000,000 | Series A | January 2026 |
| Huasai Biotechnology | smicrobe.com | Biotechnology, Chemicals, Manufacturing, Materials | China | $14,298,174 | Series A | January 2026 |
| Weifu Materials | wfmat.com | Materials, Electronics, Hardware, Manufacturing | China | Series A | January 2026 | |
| Linker Vision | linkervision.com | Artificial Intelligence, Cloud Computing, Data, Information Technology | Taiwan | $35,000,000 | Series A | January 2026 |
| Poplar Therapeutics | poplartx.com | Biotechnology, Pharmaceuticals | United States | $50,000,000 | Series A | January 2026 |
| Even | even.in | Healthcare | India | $20,000,000 | Series A | January 2026 |
| &Done | Beauty, Consumer Goods, E-commerce, Retail | India | $3,000,000 | Series A | January 2026 | |
| Eda Technology | eldarchina.com | Manufacturing, Hardware, Mechanical Engineering | China | Series A | January 2026 | |
| ApePai | itjob365.com | Recruiting, Information Technology, Marketplace | China | Series A | January 2026 | |
| Curatia Medical | curatiamed.com | Healthcare, Hardware, Manufacturing | China | Series A | January 2026 | |
| Baiyang Intelligent | baiyangai.com | Robotics, Aerospace, Artificial Intelligence, Government | China | $42,962,708 | Series A | January 2026 |
| Enhanced Digital Group | enhanceddigital.group | FinTech, Finance, Investing | United States | Series A | January 2026 | |
| Array Labs | arraylabs.io | Aerospace, 3D, Data, Hardware | United States | $20,000,000 | Series A | January 2026 |
| Anko Optics | ankoglass.com | Manufacturing, Hardware, Materials, Security | China | Series A | January 2026 | |
| Spiro Medical | Healthcare, Hardware, Manufacturing | United States | $67,000,000 | Series A | January 2026 | |
| Prudentia Sciences | Artificial Intelligence, Finance, B2B Software, Biotechnology, Healthcare, Investing, Pharmaceuticals | United States | $20,000,000 | Series A | January 2026 | |
| Su Man Xiang | sumanxiang.cc | Food and Beverage, Professional Services | China | Series A | January 2026 | |
| 12 Pharmacy | Pharmaceuticals,Manufacturing,Pets | Japan | Series A | January 2026 | ||
| Higgsfield | higgsfield.ai | Artificial Intelligence, B2B Software, Marketing, Media | United States | $80,000,000 | Series A | January 2026 |
| Klearly | klearly.nl | FinTech, Finance, B2B Software, Hospitality | The Netherlands | $13,982,266 | Series A | January 2026 |
| MedWatch Technologies | Healthcare, B2B Software, Hardware, Wearables | United States | $15,000,000 | Series A | January 2026 | |
| Converge Bio | Biotechnology, Artificial Intelligence, Data | United States | $25,000,000 | Series A | January 2026 | |
| Flip CX | flipcx.com | Artificial Intelligence, B2B Software, Audio | United States | $20,000,000 | Series A | January 2026 |
| Liquidnitro Games | liquidnitro.games | Gaming, Entertainment | India | $19,100,000 | Series A | January 2026 |
| WeatherPromise | Insurance, Travel | United States | $12,800,000 | Series A | January 2026 | |
| Carol | carol.health | Healthcare, B2C Software | Italy | $7,566,137 | Series A | January 2026 |
| Botsync | botsync.co | Robotics, Hardware, Logistics, Manufacturing | Singapore | Series A | January 2026 | |
| Science&Humans | Healthcare, Pharmaceuticals, Wellness | Canada | $5,036,598 | Series A | January 2026 | |
| SkyFi® | skyfi.com | Aerospace, Analytics, B2B Software, Data | United States | $12,700,000 | Series A | January 2026 |
| Fleetzero | Marine, Energy, Environment, Hardware, Manufacturing, Transportation | United States | $43,000,000 | Series A | January 2026 | |
| Pontoro | pontoro.com | FinTech, Finance, Blockchain, Investing | United States | $4,100,000 | Series A | January 2026 |
| LINLEE | linlee.com.cn | Food and Beverage, Hospitality, Retail | China | Series A | January 2026 | |
| Startous fusion | startorus.cn | Energy, Hardware, Manufacturing, Materials, Mechanical Engineering | China | $143,408,240 | Series A | January 2026 |
| RISA Labs | risalabs.ai | Artificial Intelligence, B2B Software, Healthcare | United States | $11,100,000 | Series A | January 2026 |
| MYCOPHYTO | mycophyto.fr | Agriculture, Environment | France | $18,695,695 | Series A | January 2026 |
| Guangchuan Technology | sh-hirokawa.com | Hardware, Electronics, Manufacturing | China | Series A | January 2026 | |
| Jiongcheng New Materials | hhjcxcl.com | Materials, Manufacturing | China | Series A | January 2026 | |
| IO River | ioriver.io | Cloud Computing, B2B Software, Cyber Security, Information Technology | Israel | $20,000,000 | Series A | January 2026 |
| Yunshen Technology | rhyme-sh.com | Manufacturing, Electronics, Hardware, Materials | China | Series A | January 2026 | |
| Woshi Technology | hourstec.com | Artificial Intelligence, B2B Software, Biotechnology, Data, Robotics | China | Series A | January 2026 | |
| Yunzhi Mining Safety | Materials, Artificial Intelligence, Audio, Hardware | China | Series A | January 2026 | ||
| Truva | truva.in | Real Estate, Home Services, Marketplace | India | $7,300,000 | Series A | January 2026 |
| Headway | headway.inc | Education, B2C Software, Mobile, Personal Development | Cyprus | Series A | January 2026 | |
| Mars Bioimaging | Healthcare, Electronics, Hardware | New Zealand | $15,000,000 | Series A | January 2026 | |
| HOLYWATER | holywater.tech | Entertainment, Artificial Intelligence, B2C Software, Media | Ukraine | $22,000,000 | Series A | January 2026 |
| OurPetPolicy | Property Management, Pets | United States | $8,000,000 | Series A | January 2026 | |
| Cytotheryx | cytotheryx.com | Biotechnology, Healthcare, Pharmaceuticals | United States | $60,000,000 | Series A | January 2026 |
| NetBird | netbird.io | Cyber Security, B2B Software, Cloud Computing, Information Technology | Germany | $9,904,105 | Series A | January 2026 |
| Hupo | hupo.co | Human Resources, B2B Software, Education, Personal Development | Singapore | $10,000,000 | Series A | January 2026 |
| Klearly | klearly.com | B2B Software, Analytics, Artificial Intelligence, Data, Marketing, Sales | United States | $14,000,000 | Series A | January 2026 |
| Micro-Nano Power | Healthcare, Biotechnology, Hardware, Manufacturing | China | Series A | January 2026 | ||
| Emversity | emversity.com | Education, B2B Software, Human Resources | India | $30,000,000 | Series A | January 2026 |
| Carrum Mobility Solutions | carrum.co.in | Transportation, Automotive, EV, Logistics | India | $7,000,000 | Series A | January 2026 |
| Trybe | try.be | B2B Software, Beauty, Hospitality, Wellness | United Kingdom | $30,000,000 | Series A | January 2026 |
| webAI | webai.com | Artificial Intelligence, B2B Software, Cloud Computing, Cyber Security, Data | United States | Series A | January 2026 | |
| Aqua Heart Inc. | aquahrt.com | Healthcare, Hardware | United States | $1,566,258 | Series A | January 2026 |
| Haimai Medical | Biotechnology, Healthcare | China | $14,273,684 | Series A | January 2026 | |
| Zhiwei Precision | Healthcare, Electronics, Hardware, Manufacturing, Mechanical Engineering | China | Series A | January 2026 | ||
| Longxin Laser Technology | Manufacturing, Hardware, Mechanical Engineering | China | Series A | January 2026 | ||
| Nitro Commerce | E-commerce, Artificial Intelligence, B2B Software | India | $5,000,000 | Series A | January 2026 | |
| Corsera Health | Biotechnology, Healthcare, Pharmaceuticals | United States | $80,000,000 | Series A | January 2026 | |
| Novus Biotech | innovasyn.net | Biotechnology, Manufacturing, Pharmaceuticals | China | Series A | January 2026 | |
| HabitTrade | habittrade.com | FinTech, Finance, B2B Software, Investing | Australia | $10,000,000 | Series A | January 2026 |
| Looki | looki.ai | Artificial Intelligence, B2B Software, Cloud Computing, Robotics | Canada | $20,000,000 | Series A | January 2026 |
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What is Series A Funding?
Series A funding is the first significant round of venture capital financing where startups raise institutional capital through preferred equity. Unlike seed funding, which relies on convertible notes or SAFEs, this funding milestone establishes a formal company valuation and introduces investor rights that shape long-term governance.
At this stage, companies have moved beyond idea validation. They’ve secured early revenue traction through customer acquisition, demonstrated signs of product-market fit, and developed a scalable business model ready for rapid expansion. The typical Series A funding round signals that a startup has proven its concept and is ready for aggressive growth.
What Investors Look For in Series A Companies
According to recent industry data, venture capitalists evaluating Series A opportunities prioritize several key factors. Understanding what tech VC investors seek can help startups position themselves effectively.
Product-Market Fit Evidence: Companies must show that customers not only use their product but demonstrate strong retention rates, typically above 60%. This validation proves the product solves a real problem worth paying for.
Revenue Traction: Most companies at this funding stage have achieved between $1-3 million in Annual Recurring Revenue (ARR), with consistent month-over-month growth. This revenue milestone demonstrates market validation beyond just user adoption.
Scalable Unit Economics: Investors demand a clear customer lifetime value (LTV) to customer acquisition cost (CAC) ratio of at least 3:1, proving that growth is sustainable. Companies that can’t demonstrate positive unit economics struggle to raise institutional capital.
Market Opportunity: A total addressable market (TAM) exceeding $1 billion signals sufficient room for meaningful expansion. Investors want to back companies that can become category leaders, not just niche players.
Strong Leadership Team: Key roles in product development, sales, and marketing should be filled with experienced professionals who can execute the growth plan. At this stage, the founding team alone is insufficient—you need specialized expertise.
Series A Funding Metrics & Benchmarks
Understanding the key metrics that investors evaluate at this stage is crucial for founders preparing to raise capital. Here are the critical benchmarks for 2025:
Series A Revenue Growth Metrics
Annual Recurring Revenue (ARR): Companies at this stage typically have achieved $1-3M in ARR before raising their round. The median pre-money valuation sits at approximately $48 million in early 2025. Companies below $1M ARR struggle to attract institutional investors at this level.
Year-over-Year Growth: Investors expect to see at least 2.5-3X YoY revenue growth. The most competitive startups often demonstrate growth patterns approaching the legendary T2D3 framework (Triple, Triple, Double, Double, Double). This aggressive growth signals potential for market leadership.
Monthly Recurring Revenue (MRR) Momentum: Quarter-over-quarter acceleration in new customer acquisition and ARR indicates the potential for exponential rather than linear growth. Investors want to see that growth is speeding up, not plateauing.
Capital Efficiency Metrics for Series A Companies
Burn Multiple: This has emerged as the definitive metric for measuring capital efficiency in 2025. The burn multiple shows how much cash a company burns to generate each dollar of new ARR. Top-performing companies achieve sub-1.5× burn multiples, while the median for SaaS companies at this stage sits at 1.6×.
Customer Acquisition Cost (CAC) Payback Period: The most attractive companies recover CAC within 12 months or less. When CAC is paid back after the first purchase, it signals exceptional unit economics and capital efficiency that allows for sustainable scaling.
Net Revenue Retention (NRR): Companies demonstrating the ability to expand revenue from existing customers through upsells and cross-sells (NRR above 100%) are particularly attractive to investors. This metric shows that customers find increasing value over time.
Market Position Metrics
Gross Margin: For SaaS startups, gross margins should exceed 70% to demonstrate scalability. Lower margins suggest operational challenges or business model issues that will limit future profitability.
Sales Efficiency: The sales and marketing multiple (revenue generated per dollar spent on S&M, excluding salaries) should be at least 5-6× for healthy growth. This efficiency metric shows you’ve discovered repeatable customer acquisition channels.
Quick Ratio: This metric (New ARR + Expansion ARR) / (Churned ARR + Contraction ARR) should exceed 4× to show that new business is growing substantially faster than lost business. A declining quick ratio signals potential market saturation.
How Much Do Series A Companies Raise?
Funding rounds in 2025 at this stage typically range from $2 million to $20 million, with significant variation based on industry, geography, and company metrics.
According to recent data, the median round in Q1 2025 was $7.9 million at a pre-money valuation of $48 million. However, the distribution tells a more nuanced story:
- Technology/AI Companies: Often raise $10-15M to fuel aggressive product development and market expansion, especially AI startups building foundational models
- B2B SaaS: Typically secure $5-12M for sales team scaling and customer acquisition across B2B SaaS startups
- Healthcare/Biotech: May raise $15-20M due to longer development cycles and regulatory requirements for healthcare startups
- Consumer/E-commerce: Generally raise $5-10M focused on marketing and growth initiatives
The amount raised should align with your 18-24 month growth plan. Smart founders calculate the capital needed to hit Series B milestones while maintaining 6-9 months of runway buffer.
Series A Valuations in 2025
Pre-money valuations at this funding stage have stabilized after the 2021-2022 boom. Current valuation ranges:
- Median valuation: $45-48M
- Typical range: $25-50M
- High performers: Can exceed $75M with exceptional metrics
Valuations are increasingly metric-driven, often calculated using revenue multiples of 3-10× ARR depending on growth rate, market size, and competitive positioning. FinTech startups and AI companies often command premium valuations due to larger addressable markets.
Series A vs Series B: Key Differences
While both represent institutional funding rounds, they serve distinct purposes in a startup’s evolution. Understanding these differences helps founders plan their fundraising roadmap effectively.
Funding Amount & Dilution
Series A: $2-20M with 15-25% equity dilution
Series B: $15-50M with 10-20% equity dilution
Later rounds typically involve roughly twice the capital, but with approximately half the equity given away, reflecting reduced investor risk as the company has proven its model.
Company Maturity
Series A Focus: Proving product-market fit and establishing initial scaling playbooks. Companies are still figuring out repeatable sales motions.
Series B Focus: Executing proven strategies at scale and expanding market share. The focus shifts to operational efficiency and market dominance.
Key Metrics Expected
Series A Requirements:
- $1-3M ARR
- 2.5-3× YoY growth
- Clear unit economics
Series B Requirements:
- $5-15M ARR
- 100%+ YoY growth
- Proven customer acquisition channels
- Strong team infrastructure
Timeline
The average time between these two funding stages has stretched to approximately 31 months as of 2025, reflecting investors’ higher bar for demonstrating sustainable, efficient growth.
For founders who’ve completed their funding round, understanding the path to Series B funding requires focusing on operational excellence and scaling proven channels rather than experimentation.
When Should You Raise Series A?
Timing your fundraise at this stage is critical. Most experts recommend beginning the process 6-8 months before you’ve deployed all your seed capital. Here’s why:
Relationship Building Takes Time: The most successful raises happen when investors have been tracking your progress for months. They should not be surprised when you announce you’re raising. Building relationships with tech VC investors early pays dividends.
Due Diligence is Extensive: Expect 4-6 weeks of back-and-forth with each potential investor. The process is significantly more sophisticated than seed stage, with deeper financial analysis and customer reference calls.
Market Conditions Matter: In 2025, deal volume at this stage has decreased approximately 18% year-over-year, with total capital invested down 23%. The funding crunch means only the strongest companies with clear traction are succeeding.
Founder-Led Momentum: Start building investor relationships 6-12 months before you need capital. Monthly updates, milestone shares, and strategic asks for advice keep you top-of-mind when you’re ready to raise.
Series A Startups at a Glance
- Number of Series A startups in our database: 13,394
- Number of verified email addresses in our database: 18,917
- Number of social profiles in our database: 35,475
- Other data points stored: 186,700
- Total Series A funding raised in 2026: $1,284,904,290
- Total Series A funding raised in 2026: $1,284,904,290
*Other funding includes private equity, debt financing, and various other types of capital.
Why Track Series A Companies?
Companies at this funding stage represent an ideal target market for B2B service providers. Unlike seed-stage companies still testing product-market fit, these companies have:
- Validated demand and early revenue that proves market need
- Fresh capital allocated for growth initiatives and vendor spending
- Urgent needs for external partners to accelerate scaling across functions
- Decision-making authority consolidating around new hires in key functions
- Budget flexibility to invest in tools, services, and partnerships that drive growth
The optimal time to reach out is within 1-2 weeks of their funding announcement, when they’re actively allocating budget and making strategic vendor decisions. This is when companies are most receptive to B2B lead generation tools and services that can accelerate their growth trajectory.
Understanding how to find recently funded startups and how to build a startup lead list can significantly improve your sales pipeline when targeting companies at this funding stage.
Series A Funding Trends for 2025
The funding landscape at this stage has evolved significantly in 2025. Here are the key trends shaping institutional investment:
1. AI-Native Companies Lead Efficiency
AI-powered startups are achieving substantially better burn multiples (sub-1.5×) compared to traditional SaaS companies (1.6×), thanks to AI-enhanced operations and automation. This efficiency is attracting disproportionate investor attention across AI VC firms.
2. Profitability Path Required
Gone are the days of “growth at all costs.” Investors in 2025 demand clear paths to profitability, with positive unit economics and sustainable customer acquisition strategies. Companies must demonstrate how they’ll reach cash flow positive status within their growth plan.
3. Regional Opportunities Growing
While coastal markets have cooled, the American South (Atlanta, Austin, Raleigh) is experiencing increased funding activity, with strong valuations and less competition for deals. International hubs in London, Berlin, and Bangalore are also seeing robust investment activity.
4. Extended Timelines
The average time from company founding to this funding milestone has stretched to approximately 616 days, nearly double historical norms. Founders are taking longer to build the traction investors now expect before making the leap to institutional capital.
5. Founder-Led Sales Critical
Successful companies at this stage demonstrate strong founder involvement in sales, typically closing their first 20+ customers or reaching $1M ARR through direct founder engagement. This hands-on approach proves the founders deeply understand customer needs and can articulate value effectively.
How to Prepare for Your Series A Round
Securing funding at this stage requires meticulous preparation across multiple dimensions:
Financial Readiness
- Clean cap table with all convertible notes and SAFEs properly documented
- GAAP-compliant financial statements that are audit-ready
- Detailed financial projections showing 18-24 month growth plans with realistic assumptions
- Unit economics models proving sustainable scaling at higher volumes
Metrics Dashboard
- Real-time tracking of ARR, MRR, and growth rates
- Customer acquisition and retention cohort analysis
- Burn multiple and cash efficiency calculations
- Sales funnel metrics and conversion rates across the customer journey
Materials Preparation
- Investor pitch deck (15-20 slides covering problem, solution, traction, market, team, financials)
- Executive summary (2-page overview that can stand alone)
- Virtual data room with all due diligence materials organized
- Financial model showing use of funds and milestones with sensitivity analysis
Team & Governance
- Key leadership roles filled (VP Sales, VP Product, CFO pathway established)
- Board structure planned for post-funding with appropriate governance
- Option pool sized appropriately (typically 10-15%) to attract senior talent
Top Series A Investors & VC Firms
Understanding which venture capital firms are most active at this funding stage helps founders target their fundraising efforts effectively. Leading institutional investors in 2025 include established firms with dedicated early-stage funds and sector-specific specialists.
Geographic specialization matters significantly when raising institutional capital. While firms like Sequoia, Andreessen Horowitz, and Accel invest across regions, local knowledge provides competitive advantages. NYC startups often connect with Union Square Ventures, while San Francisco startups leverage proximity to Sand Hill Road firms.
For deeper analysis of the venture capital ecosystem, explore our guides on tech VC investors, SaaS VC firms, and specialized funds like AI VC investors.
Series A Success Stories
Learning from successful raises at this level provides valuable insights for founders approaching this milestone. Companies that effectively navigated institutional funding typically shared several characteristics: strong unit economics demonstrated through cohort analysis, clear competitive differentiation in crowded markets, and executive teams with relevant scaling experience.
Many companies featured in our funded startups database have successfully raised institutional capital and progressed to later stages. Tracking their trajectories from pre-seed through seed, this milestone, Series B, and beyond provides pattern recognition for what works.
FAQs About Series A Funding
What is Series A funding?
Series A funding is the first institutional venture capital round where startups raise $2-20 million by selling preferred equity to investors. At this stage, companies have proven product-market fit with $1-3M in revenue and are ready to scale operations. Series A establishes a formal valuation and governance structure for the company’s growth phase.
How much equity do you give up in Series A?
Founders typically give up 15-25% equity in a Series A round, depending on valuation and amount raised. For example, raising $10 million at a $48 million pre-money valuation (the 2025 median) results in approximately 17% dilution. Strong metrics and competitive dynamics can reduce dilution significantly.
What metrics do Series A investors look for?
Series A investors evaluate several key metrics: $1-3M in Annual Recurring Revenue (ARR), 2.5-3× year-over-year growth, LTV:CAC ratio of at least 3:1, burn multiple under 2.0×, net revenue retention above 100%, and gross margins exceeding 70% for SaaS companies. They also assess team strength, market size (TAM over $1B), and unit economics sustainability.
How long does it take to raise a Series A?
Raising a Series A typically takes 3-9 months from initial outreach to closed round. The process includes: relationship building (1-3 months), active fundraising and pitching (2-3 months), due diligence (4-6 weeks per investor), and term sheet negotiation and closing (3-4 weeks). Smart founders start building investor relationships 6-12 months before actively raising.
What’s the difference between Series A and seed funding?
Seed funding ($500K-$3M) focuses on product development and initial market validation using convertible notes or SAFEs, while Series A ($2-20M) targets scaling proven business models through priced equity rounds with formal valuations. Series A requires stronger metrics ($1-3M ARR vs. minimal revenue), involves institutional VCs (vs. angels), and establishes board governance structures.
When should a startup raise Series A?
Startups should raise Series A when they’ve achieved: $1-3M in Annual Recurring Revenue, demonstrated 2.5-3× year-over-year growth, proven unit economics with LTV:CAC ratio above 3:1, built a complete leadership team, and have 6-8 months of runway remaining. The median time from founding to Series A is now 616 days (approximately 20 months).
What is the average Series A valuation in 2025?
The median pre-money Series A valuation in early 2025 is $45-48 million, with typical ranges between $25-50 million. High-performing companies with exceptional growth metrics can exceed $75M valuations. Valuations are calculated using revenue multiples (3-10× ARR) adjusted for growth rate, market size, competitive positioning, and capital efficiency.
What happens after Series A funding?
After Series A funding, startups focus on: scaling customer acquisition with proven channels, building out sales and marketing teams, expanding product features and infrastructure, establishing operational processes and systems, and preparing for Series B by targeting $5-15M ARR and 100%+ YoY growth. Companies typically take 24-31 months to progress from Series A to Series B.
For a complete overview of how Series A compares to other funding stages, see our guide to startup funding stages.
Ready to Connect with Series A Startups?
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- Weekly updates on new Series A funding announcements across all industries
- Verified email addresses for founders, CEOs, and executives with double-validation
- Detailed company profiles including funding history, investor information, and key metrics
- Filtering by industry, location, and funding date to find your ideal targets
- Export capabilities for easy integration with your CRM and outreach tools
Sign up now and get 100 leads free to start building relationships with tomorrow’s market leaders today.
For broader startup funding insights, explore our complete coverage of funded startups across all stages, or dive deeper into pre-seed, seed, and Series B companies in our master database.
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- Recently funded startups across all funding rounds
- B2B lead generation tools for startup outreach
- How to find recently funded startups