Carta has released benchmark data for U.S. Series A rounds for 2024.
While median numbers don’t capture the outliers (which is what startups and venture capital is about), it is noteworthy that non-AI SaaS startups had a pre-money of $45 million, AI SaaS had a pre-money of $61.5, healthtech a pre-money of $39.8 million and fintech pre-money of $46 million. All with between $10 and 15 million raised.
My sense is that the median Series A is ä lower in Sweden and the Nordics than the U.S. and the U.S. median numbers are closer to the 75th percentile in the Nordics (especially in Sweden with the weaker Swedish krona).
The dynamics seems to be that it is tough to raise even as a median company, with a good financing round done quickly requiring a startup to be in the top quartile.
