Mid-stage round sizes fell dramatically in Q4
Chart displaying the median cash raised by stage (Series B and Series C) per quarter from Q1 2020 to Q4 2022. Both Series B and Series C round sizes experienced sharp declines by Q4 2022, dropping to $12M and $21M respectively.
| Label | Value shown on the chart |
|---|---|
| Series B - Q1 2020 | $18M |
| Series B - Q4 2021 | $30M |
| Series B - Q4 2022 | $12M |
| Series C - Q1 2020 | $24M |
| Series C - Q2 2021 | $60M |
| Series C - Q4 2021 | $56M |
| Series C - Q4 2022 | $21M |
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