Median round size bumped back up for Series E+

This chart measures the median cash raised per round for Series D and Series E+ startups by quarter from Q1 2020 to Q4 2022. In Q4 2022, median round size for Series E+ rebounded to $52M, while Series D fell to $20M.
| Label | Value shown on the chart |
|---|---|
| Series D Q1 2020 | $44M |
| Series D Q4 2020 | $75M |
| Series D Q4 2021 | $96M |
| Series D Q4 2022 | $20M |
| Series E+ Q1 2020 | $53M |
| Series E+ Q3 2020 | $92M |
| Series E+ Q1 2021 | $120M |
| Series E+ Q2 2021 | $100M |
| Series E+ Q4 2021 | $150M |
| Series E+ Q1 2022 | $106M |
| Series E+ Q3 2022 | $31M |
| Series E+ Q4 2022 | $52M |
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