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The <$5 million dollar round surged in 2022

Carta DataFebruary 2023
The <$5 million dollar round surged in 2022
Chart by Carta Data. Source: carta.com

Percent of total startup funding rounds raised by deal size and quarter from Q1 2019 through Q4 2022. The share of rounds under $5M rebounded significantly throughout 2022, reaching 47.8% in Q4 2022.

LabelValue shown on the chart
2019 Q1 - Under $5M48.7%
2021 Q4 - Under $5M34.5%
2022 Q1 - Under $5M35.5%
2022 Q2 - Under $5M37.9%
2022 Q3 - Under $5M44.9%
2022 Q4 - Under $5M47.8%
2022 Q4 - $5M-$10M20.0%
2022 Q4 - $10M-$25M19.1%
2022 Q4 - $25M-$50M7.9%
2022 Q4 - Over $50M5.1%

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