Startup Database Blog

Average Series A Round of Financing Reaches $12.5 Million

The average Series A round of financing in the U.S. has climbed  to $12.5 million through the first six months of 2019 - that's up 20% in one year and a new record high.

With over 320 Series A rounds reported so far in the U.S. for 2019, the continuation of supersized Series A rounds, plus a much larger than average round size found in biotech and pharmaceutical companies, has helped push the average Series A steadily higher.

We've also analyzed data on which cities are getting the most funding by both total investment (all round types), number of $100k plus deals, funding per capita and average deal size per city:

Top U.S. City for Total VC investment: San Francisco, California

In aggregated venture funding year to date, San Francisco continues to lead other cities by quite a margin, with over $4.8 billion pouring into startups so far in 2019. New York and San Diego take the remaining top three spots, with over $2.8 billion and $869 million invested in startups in these cities. These numbers also only include what's been reported via non-amended filings, YTD.

Top U.S. City for Number of >$100k deals: New York, New York

When we analyze deals per city we see some change to this tip three order. New York City leads the pack here, with over 320 >$100k rounds reported in filings, while San Francisco comes in #2 at around 160 funding rounds. San Diego takes the third spot with 88.

Top U.S. City for VC Funding Per Capita: Cambridge, Massachusetts

Looking at VC spending per capita, three cities have a commanding lead over all the rest. While San Francisco still takes a top three position with $5,434 per capita, Cambridge, MA takes the #1 spot with $6,369 per person in VC funding for the the first half of 2019. The number three position is held by San Mateo, CA, with $4,606 per person in funding. 

Top U.S. City for VC Funding Deal Size: San Francisco, California

The Golden State takes the trifecta here. Excluding under $100k deals, San Francisco comes in at an average round size of an amazing $30 million, while San Mateo takes the silver with $19.3 million. San Diego isn't too shabby either, the number three position averages $16.5 million per funding round.

Here you can find some more facts on VC funding by City in 2019.

Topic: Series A Funding

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Cities to Watch for Tech Funding Rounds

While cities such as San FranciscoAustin & Seattle dominate the headlines for major tech funding rounds, here are some cities that while lesser known for technology, are showing some impressive growth trends recently related to early stage financing.