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Startup funding dashboard

Updated 23 Oct 2026

13.9%
Seed to Series A, founded 2021
31.5%
Seed startups dead, founded 2015 to 2017
$2.1M
Median seed round, last 12 months
20,088
Funding rounds, last 12 months
166,525
Funded startups
34.5%
AI share of rounds
1,063
Unicorns
132
Countries with rounds

Source: FundingWatcher, October 2026. Data as of 23 October 2026. Rounds dated October 2025 to September 2026.

Cite: FundingWatcher, Startup funding dashboard, October 2026. Data as of 23 October 2026.
https://fundingwatcher.com/data/dashboard/

Figures

21 pages
Seed to Series A rate: what percentage of startups get Series A funding13.9% Startup failure rate31.5% Accelerator success rate32.5% Y Combinator success rate43.1% Median funding round size by stage$2.1 million Startup funding by industry20,088 AI startup funding6,931 Software startup funding10,108 Health care startup funding3,291 Fintech startup funding2,253 Ecommerce startup funding1,192 Hardware startup funding2,749 Biotech startup funding1,390 Edtech startup funding565 Cybersecurity startup funding779 Climate tech startup funding848 AI share of startup funding34.5% Startup funding by country132 Startup funding per capita by country35.0 Startup funding by city1,898 Startup funding: US vs Europe vs China8,496

Seed to Series A rate: what percentage of startups get Series A funding

Table and method →

13.9% of seed-stage startups founded in 2021 have raised a Series A or later 5 years on (n = 14,375). For the 2015 cohort, 11 years on, the share is 35.2%.

Share of seed-stage startups that reached Series A or later, by founding year35%201531%201629%201726%201822%201916%202014%2021
Figure 1. Share of seed-stage startups that reached Series A or later, by founding year. Source: FundingWatcher. Data as of 23 October 2026.

Startup failure rate

Table and method →

About 31.5% of seed-stage startups founded 2015 to 2017 have failed (n = 30,826): Crunchbase marks 7.5% closed, and another 24.0% are dead while Crunchbase still lists them as active.

Where each seed cohort stands now, share of startups by founding yearSeries A or laterAcquiredMarked closedStill seed stageSeries A or later, 2015: 31%31%Acquired, 2015: 6%Marked closed, 2015: 9%9%Still seed stage, 2015: 54%54%2015Series A or later, 2016: 28%28%Acquired, 2016: 6%Marked closed, 2016: 8%8%Still seed stage, 2016: 59%59%2016Series A or later, 2017: 27%27%Acquired, 2017: 5%Marked closed, 2017: 5%Still seed stage, 2017: 63%63%2017Series A or later, 2018: 24%24%Acquired, 2018: 3%Marked closed, 2018: 4%Still seed stage, 2018: 68%68%2018Series A or later, 2019: 21%21%Acquired, 2019: 3%Marked closed, 2019: 2%Still seed stage, 2019: 74%74%2019Series A or later, 2020: 16%16%Acquired, 2020: 2%Marked closed, 2020: 2%Still seed stage, 2020: 80%80%2020Series A or later, 2021: 14%14%Acquired, 2021: 1%Marked closed, 2021: 2%Still seed stage, 2021: 84%84%2021
Figure 2. Where each seed cohort stands now, share of startups by founding year. Source: FundingWatcher. Data as of 23 October 2026.

Accelerator success rate

Table and method →

32.5% of Y Combinator startups founded 2015 to 2019 have raised a Series A or later (n = 964), against 16.2% for Techstars, 31.1% for 500 Global and 28.5% for all seed-stage startups.

Share of accelerator startups that reached Series A or later, founded 2015 to 2019Seedcamp (70)47.1%Plug and Play (334)39.2%Entrepreneur First (95)33.7%Y Combinator (964)32.5%500 Global (466)31.1%MassChallenge (220)19.5%Techstars (1,052)16.2%Antler (96)12.5%Newchip (253)9.9%All seed stage (53,046)28.5%
Figure 3. Share of accelerator startups that reached Series A or later, founded 2015 to 2019. Source: FundingWatcher. Data as of 23 October 2026.

Y Combinator success rate

Table and method →

43.1% of the 2,034 companies in Y Combinator's 2005 to 2019 batches raised a Series A or later, were acquired or went public. 32.2% are inactive by YC's own count and 3.5% carry Crunchbase's unicorn tag.

Where each Y Combinator batch year stands now, share of companiesAcquired or publicActive, Series A or laterInactiveActive, no Series AAcquired or public, 2005-09: 33%33%Active, Series A or later, 2005-09: 4%Inactive, 2005-09: 57%57%Active, no Series A, 2005-09: 7%2005-09Acquired or public, 2010: 51%51%Active, Series A or later, 2010: 2%Inactive, 2010: 38%38%Active, no Series A, 2010: 10%10%2010Acquired or public, 2011: 42%42%Active, Series A or later, 2011: 5%Inactive, 2011: 35%35%Active, no Series A, 2011: 18%18%2011Acquired or public, 2012: 34%34%Active, Series A or later, 2012: 5%Inactive, 2012: 44%44%Active, no Series A, 2012: 17%17%2012Acquired or public, 2013: 36%36%Active, Series A or later, 2013: 11%11%Inactive, 2013: 37%37%Active, no Series A, 2013: 16%16%2013Acquired or public, 2014: 38%38%Active, Series A or later, 2014: 10%10%Inactive, 2014: 30%30%Active, no Series A, 2014: 23%23%2014Acquired or public, 2015: 31%31%Active, Series A or later, 2015: 11%11%Inactive, 2015: 29%29%Active, no Series A, 2015: 28%28%2015Acquired or public, 2016: 21%21%Active, Series A or later, 2016: 17%17%Inactive, 2016: 34%34%Active, no Series A, 2016: 28%28%2016Acquired or public, 2017: 27%27%Active, Series A or later, 2017: 14%14%Inactive, 2017: 28%28%Active, no Series A, 2017: 31%31%2017Acquired or public, 2018: 19%19%Active, Series A or later, 2018: 21%21%Inactive, 2018: 25%25%Active, no Series A, 2018: 35%35%2018Acquired or public, 2019: 16%16%Active, Series A or later, 2019: 19%19%Inactive, 2019: 25%25%Active, no Series A, 2019: 40%40%2019Acquired or public, 2020: 18%18%Active, Series A or later, 2020: 19%19%Inactive, 2020: 24%24%Active, no Series A, 2020: 40%40%2020Acquired or public, 2021: 11%11%Active, Series A or later, 2021: 16%16%Inactive, 2021: 18%18%Active, no Series A, 2021: 55%55%2021Acquired or public, 2022: 8%8%Active, Series A or later, 2022: 9%9%Inactive, 2022: 14%14%Active, no Series A, 2022: 69%69%2022Acquired or public, 2023: 11%11%Active, Series A or later, 2023: 13%13%Inactive, 2023: 13%13%Active, no Series A, 2023: 64%64%2023Acquired or public, 2024: 4%Active, Series A or later, 2024: 6%Inactive, 2024: 6%Active, no Series A, 2024: 84%84%2024
Figure 4. Where each Y Combinator batch year stands now, share of companies. Source: FundingWatcher. Data as of 23 October 2026.

Median funding round size by stage

Table and method →

The median seed round was $2.1 million from October 2025 to September 2026. The median Series A was $14.4 million and the median Series B $25.7 million.

Median funding round by industry and stage, shaded within each stage, October 2025 to September 2026SeedSeries ASeries BSeries CArtificial intelligenceArtificial intelligence, Seed: $3.1M$3.1MArtificial intelligence, Series A: $18M$18MArtificial intelligence, Series B: $40M$40MArtificial intelligence, Series C: $100M$100MSoftwareSoftware, Seed: $2.5M$2.5MSoftware, Series A: $15M$15MSoftware, Series B: $32.5M$32.5MSoftware, Series C: $70M$70MHealth careHealth care, Seed: $2M$2MHealth care, Series A: $14.7M$14.7MHealth care, Series B: $26M$26MHealth care, Series C: $40M$40MFintechFintech, Seed: $2.7M$2.7MFintech, Series A: $14M$14MFintech, Series B: $30M$30MFintech, Series C: $50M$50MCommerceCommerce, Seed: $1.6M$1.6MCommerce, Series A: $10M$10MCommerce, Series B: $17M$17MCommerce, Series C: $35M$35MHardwareHardware, Seed: $3M$3MHardware, Series A: $14.8M$14.8MHardware, Series B: $25M$25MHardware, Series C: $52M$52MBiotechBiotech, Seed: $3.2M$3.2MBiotech, Series A: $20M$20MBiotech, Series B: $32M$32MBiotech, Series C: $44.9M$44.9MEducationEducation, Seed: $1.2M$1.2MEducation, Series A: $9.4M$9.4MEducation, Series B: n/aEducation, Series C: n/aCybersecurityCybersecurity, Seed: $3.2M$3.2MCybersecurity, Series A: $19M$19MCybersecurity, Series B: $31.7M$31.7MCybersecurity, Series C: $60M$60MEnergyEnergy, Seed: $2.5M$2.5MEnergy, Series A: $14.9M$14.9MEnergy, Series B: $24.7M$24.7MEnergy, Series C: $30.1M$30.1M
Figure 5. Median funding round by industry and stage, shaded within each stage, October 2025 to September 2026. Source: FundingWatcher. Data as of 23 October 2026.

Startup funding by industry

Table and method →

Startups closed 20,088 funding rounds from October 2025 to September 2026. Software startups took 10,108 of them (50.3%), more than any other industry.

Startup funding rounds per month by industry, October 2025 to September 2026SoftwareAIHealth careHardwareOther07501,500Oct 25Nov 25Dec 25Jan 26Feb 26Mar 26Apr 26May 26Jun 26Jul 26Aug 26Sep 26FintechBiotechCommerceEnergyCybersecurityEducationSoftwareSoftware, Oct 25: 846Software, Nov 25: 714Software, Dec 25: 774Software, Jan 26: 1,128Software, Feb 26: 806Software, Mar 26: 934Software, Apr 26: 716Software, May 26: 692Software, Jun 26: 1,007Software, Jul 26: 766Software, Aug 26: 758Software, Sep 26: 967AIAI, Oct 25: 528AI, Nov 25: 444AI, Dec 25: 503AI, Jan 26: 764AI, Feb 26: 510AI, Mar 26: 608AI, Apr 26: 470AI, May 26: 470AI, Jun 26: 773AI, Jul 26: 571AI, Aug 26: 560AI, Sep 26: 730Health careHealth care, Oct 25: 304Health care, Nov 25: 275Health care, Dec 25: 280Health care, Jan 26: 378Health care, Feb 26: 244Health care, Mar 26: 276Health care, Apr 26: 219Health care, May 26: 224Health care, Jun 26: 319Health care, Jul 26: 231Health care, Aug 26: 220Health care, Sep 26: 321HardwareHardware, Oct 25: 177Hardware, Nov 25: 195Hardware, Dec 25: 216Hardware, Jan 26: 293Hardware, Feb 26: 206Hardware, Mar 26: 256Hardware, Apr 26: 176Hardware, May 26: 185Hardware, Jun 26: 254Hardware, Jul 26: 218Hardware, Aug 26: 269Hardware, Sep 26: 304Software 967AI 730Health care 321Hardware 304
Figure 6. Startup funding rounds per month by industry, October 2025 to September 2026. Source: FundingWatcher. Data as of 23 October 2026.

AI startup funding

Table and method →

AI startups closed 6,931 funding rounds from October 2025 to September 2026, 34.5% of all startup rounds, and raised $170.2 billion in the rounds with a disclosed amount.

AI startup funding rounds per month by region, October 2025 to September 2026United StatesEuropeChinaRest of the worldUnited States, Oct 25: 294Europe, Oct 25: 95China, Oct 25: 21Rest of the world, Oct 25: 118528Oct 25United States, Nov 25: 226Europe, Nov 25: 84China, Nov 25: 31Rest of the world, Nov 25: 103444Nov 25United States, Dec 25: 292Europe, Dec 25: 72China, Dec 25: 32Rest of the world, Dec 25: 107503Dec 25United States, Jan 26: 540Europe, Jan 26: 68China, Jan 26: 52Rest of the world, Jan 26: 104764Jan 26United States, Feb 26: 301Europe, Feb 26: 78China, Feb 26: 24Rest of the world, Feb 26: 107510Feb 26United States, Mar 26: 397Europe, Mar 26: 98China, Mar 26: 38Rest of the world, Mar 26: 75608Mar 26United States, Apr 26: 269Europe, Apr 26: 84China, Apr 26: 34Rest of the world, Apr 26: 83470Apr 26United States, May 26: 280Europe, May 26: 81China, May 26: 32Rest of the world, May 26: 77470May 26United States, Jun 26: 439Europe, Jun 26: 156China, Jun 26: 67Rest of the world, Jun 26: 111773Jun 26United States, Jul 26: 283Europe, Jul 26: 107China, Jul 26: 61Rest of the world, Jul 26: 120571Jul 26United States, Aug 26: 295Europe, Aug 26: 68China, Aug 26: 70Rest of the world, Aug 26: 127560Aug 26United States, Sep 26: 381Europe, Sep 26: 144China, Sep 26: 71Rest of the world, Sep 26: 134730Sep 26
Figure 7. AI startup funding rounds per month by region, October 2025 to September 2026. Source: FundingWatcher. Data as of 23 October 2026.

Software startup funding

Table and method →

Software startups closed 10,108 funding rounds from October 2025 to September 2026, 50.3% of all startup rounds, and raised $196.3 billion in the rounds with a disclosed amount.

Software startup funding rounds per month by region, October 2025 to September 2026United StatesEuropeChinaRest of the worldUnited States, Oct 25: 443Europe, Oct 25: 158China, Oct 25: 35Rest of the world, Oct 25: 210846Oct 25United States, Nov 25: 326Europe, Nov 25: 137China, Nov 25: 53Rest of the world, Nov 25: 198714Nov 25United States, Dec 25: 387Europe, Dec 25: 123China, Dec 25: 78Rest of the world, Dec 25: 186774Dec 25United States, Jan 26: 735Europe, Jan 26: 127China, Jan 26: 92Rest of the world, Jan 26: 1741,128Jan 26United States, Feb 26: 430Europe, Feb 26: 147China, Feb 26: 50Rest of the world, Feb 26: 179806Feb 26United States, Mar 26: 561Europe, Mar 26: 169China, Mar 26: 65Rest of the world, Mar 26: 139934Mar 26United States, Apr 26: 376Europe, Apr 26: 135China, Apr 26: 64Rest of the world, Apr 26: 141716Apr 26United States, May 26: 377Europe, May 26: 137China, May 26: 49Rest of the world, May 26: 129692May 26United States, Jun 26: 553Europe, Jun 26: 206China, Jun 26: 77Rest of the world, Jun 26: 1711,007Jun 26United States, Jul 26: 383Europe, Jul 26: 139China, Jul 26: 75Rest of the world, Jul 26: 169766Jul 26United States, Aug 26: 390Europe, Aug 26: 99China, Aug 26: 80Rest of the world, Aug 26: 189758Aug 26United States, Sep 26: 482Europe, Sep 26: 190China, Sep 26: 81Rest of the world, Sep 26: 214967Sep 26
Figure 8. Software startup funding rounds per month by region, October 2025 to September 2026. Source: FundingWatcher. Data as of 23 October 2026.

Health care startup funding

Table and method →

Health care startups closed 3,291 funding rounds from October 2025 to September 2026, 16.4% of all startup rounds, and raised $48.4 billion in the rounds with a disclosed amount.

Health care startup funding rounds per month by region, October 2025 to September 2026United StatesEuropeChinaRest of the worldUnited States, Oct 25: 168Europe, Oct 25: 53China, Oct 25: 23Rest of the world, Oct 25: 60304Oct 25United States, Nov 25: 110Europe, Nov 25: 38China, Nov 25: 59Rest of the world, Nov 25: 68275Nov 25United States, Dec 25: 129Europe, Dec 25: 37China, Dec 25: 66Rest of the world, Dec 25: 48280Dec 25United States, Jan 26: 209Europe, Jan 26: 46China, Jan 26: 83Rest of the world, Jan 26: 40378Jan 26United States, Feb 26: 110Europe, Feb 26: 46China, Feb 26: 35Rest of the world, Feb 26: 53244Feb 26United States, Mar 26: 139Europe, Mar 26: 38China, Mar 26: 52Rest of the world, Mar 26: 47276Mar 26United States, Apr 26: 112Europe, Apr 26: 33China, Apr 26: 35Rest of the world, Apr 26: 39219Apr 26United States, May 26: 106Europe, May 26: 34China, May 26: 40Rest of the world, May 26: 44224May 26United States, Jun 26: 158Europe, Jun 26: 65China, Jun 26: 38Rest of the world, Jun 26: 58319Jun 26United States, Jul 26: 120Europe, Jul 26: 40China, Jul 26: 42Rest of the world, Jul 26: 29231Jul 26United States, Aug 26: 123Europe, Aug 26: 17China, Aug 26: 33Rest of the world, Aug 26: 47220Aug 26United States, Sep 26: 160Europe, Sep 26: 73China, Sep 26: 31Rest of the world, Sep 26: 57321Sep 26
Figure 9. Health care startup funding rounds per month by region, October 2025 to September 2026. Source: FundingWatcher. Data as of 23 October 2026.

Fintech startup funding

Table and method →

Fintech startups closed 2,253 funding rounds from October 2025 to September 2026, 11.2% of all startup rounds, and raised $30.5 billion in the rounds with a disclosed amount.

Fintech startup funding rounds per month by region, October 2025 to September 2026United StatesEuropeChinaRest of the worldUnited States, Oct 25: 115Europe, Oct 25: 39China, Oct 25: 1Rest of the world, Oct 25: 76231Oct 25United States, Nov 25: 60Europe, Nov 25: 23China, Nov 25: 3Rest of the world, Nov 25: 60146Nov 25United States, Dec 25: 76Europe, Dec 25: 27China, Dec 25: 5Rest of the world, Dec 25: 75183Dec 25United States, Jan 26: 135Europe, Jan 26: 36China, Jan 26: 7Rest of the world, Jan 26: 54232Jan 26United States, Feb 26: 91Europe, Feb 26: 37China, Feb 26: 3Rest of the world, Feb 26: 64195Feb 26United States, Mar 26: 115Europe, Mar 26: 37China, Mar 26: 5Rest of the world, Mar 26: 51208Mar 26United States, Apr 26: 88Europe, Apr 26: 33China, Apr 26: 6Rest of the world, Apr 26: 56183Apr 26United States, May 26: 84Europe, May 26: 27China, May 26: 3Rest of the world, May 26: 41155May 26United States, Jun 26: 114Europe, Jun 26: 34China, Jun 26: 2Rest of the world, Jun 26: 61211Jun 26United States, Jul 26: 77Europe, Jul 26: 28China, Jul 26: 2Rest of the world, Jul 26: 49156Jul 26United States, Aug 26: 67Europe, Aug 26: 24China, Aug 26: 4Rest of the world, Aug 26: 60155Aug 26United States, Sep 26: 84Europe, Sep 26: 47China, Sep 26: 2Rest of the world, Sep 26: 65198Sep 26
Figure 10. Fintech startup funding rounds per month by region, October 2025 to September 2026. Source: FundingWatcher. Data as of 23 October 2026.

Ecommerce startup funding

Table and method →

Commerce startups closed 1,192 funding rounds from October 2025 to September 2026, 5.9% of all startup rounds, and raised $9.9 billion in the rounds with a disclosed amount.

Ecommerce startup funding rounds per month by region, October 2025 to September 2026United StatesEuropeChinaRest of the worldUnited States, Oct 25: 40Europe, Oct 25: 23China, Oct 25: 4Rest of the world, Oct 25: 40107Oct 25United States, Nov 25: 25Europe, Nov 25: 16China, Nov 25: 9Rest of the world, Nov 25: 3686Nov 25United States, Dec 25: 33Europe, Dec 25: 15China, Dec 25: 5Rest of the world, Dec 25: 3588Dec 25United States, Jan 26: 64Europe, Jan 26: 13China, Jan 26: 10Rest of the world, Jan 26: 30117Jan 26United States, Feb 26: 37Europe, Feb 26: 14China, Feb 26: 4Rest of the world, Feb 26: 3085Feb 26United States, Mar 26: 44Europe, Mar 26: 21China, Mar 26: 5Rest of the world, Mar 26: 31101Mar 26United States, Apr 26: 41Europe, Apr 26: 14China, Apr 26: 3Rest of the world, Apr 26: 4199Apr 26United States, May 26: 49Europe, May 26: 15China, May 26: 8Rest of the world, May 26: 2496May 26United States, Jun 26: 43Europe, Jun 26: 21China, Jun 26: 8Rest of the world, Jun 26: 38110Jun 26United States, Jul 26: 42Europe, Jul 26: 19China, Jul 26: 3Rest of the world, Jul 26: 37101Jul 26United States, Aug 26: 40Europe, Aug 26: 11China, Aug 26: 6Rest of the world, Aug 26: 3693Aug 26United States, Sep 26: 39Europe, Sep 26: 17China, Sep 26: 2Rest of the world, Sep 26: 51109Sep 26
Figure 11. Ecommerce startup funding rounds per month by region, October 2025 to September 2026. Source: FundingWatcher. Data as of 23 October 2026.

Hardware startup funding

Table and method →

Hardware startups closed 2,749 funding rounds from October 2025 to September 2026, 13.7% of all startup rounds, and raised $93.7 billion in the rounds with a disclosed amount.

Hardware startup funding rounds per month by region, October 2025 to September 2026United StatesEuropeChinaRest of the worldUnited States, Oct 25: 61Europe, Oct 25: 36China, Oct 25: 41Rest of the world, Oct 25: 39177Oct 25United States, Nov 25: 45Europe, Nov 25: 25China, Nov 25: 64Rest of the world, Nov 25: 61195Nov 25United States, Dec 25: 61Europe, Dec 25: 29China, Dec 25: 87Rest of the world, Dec 25: 39216Dec 25United States, Jan 26: 108Europe, Jan 26: 26China, Jan 26: 113Rest of the world, Jan 26: 46293Jan 26United States, Feb 26: 66Europe, Feb 26: 38China, Feb 26: 56Rest of the world, Feb 26: 46206Feb 26United States, Mar 26: 86Europe, Mar 26: 41China, Mar 26: 75Rest of the world, Mar 26: 54256Mar 26United States, Apr 26: 57Europe, Apr 26: 29China, Apr 26: 53Rest of the world, Apr 26: 37176Apr 26United States, May 26: 56Europe, May 26: 35China, May 26: 60Rest of the world, May 26: 34185May 26United States, Jun 26: 95Europe, Jun 26: 43China, Jun 26: 76Rest of the world, Jun 26: 40254Jun 26United States, Jul 26: 65Europe, Jul 26: 38China, Jul 26: 79Rest of the world, Jul 26: 36218Jul 26United States, Aug 26: 99Europe, Aug 26: 35China, Aug 26: 90Rest of the world, Aug 26: 45269Aug 26United States, Sep 26: 115Europe, Sep 26: 42China, Sep 26: 90Rest of the world, Sep 26: 57304Sep 26
Figure 12. Hardware startup funding rounds per month by region, October 2025 to September 2026. Source: FundingWatcher. Data as of 23 October 2026.

Biotech startup funding

Table and method →

Biotech startups closed 1,390 funding rounds from October 2025 to September 2026, 6.9% of all startup rounds, and raised $31.2 billion in the rounds with a disclosed amount.

Biotech startup funding rounds per month by region, October 2025 to September 2026United StatesEuropeChinaRest of the worldUnited States, Oct 25: 58Europe, Oct 25: 31China, Oct 25: 11Rest of the world, Oct 25: 14114Oct 25United States, Nov 25: 42Europe, Nov 25: 21China, Nov 25: 28Rest of the world, Nov 25: 17108Nov 25United States, Dec 25: 59Europe, Dec 25: 21China, Dec 25: 39Rest of the world, Dec 25: 16135Dec 25United States, Jan 26: 78Europe, Jan 26: 28China, Jan 26: 39Rest of the world, Jan 26: 10155Jan 26United States, Feb 26: 40Europe, Feb 26: 20China, Feb 26: 17Rest of the world, Feb 26: 1087Feb 26United States, Mar 26: 50Europe, Mar 26: 29China, Mar 26: 19Rest of the world, Mar 26: 16114Mar 26United States, Apr 26: 36Europe, Apr 26: 21China, Apr 26: 14Rest of the world, Apr 26: 1586Apr 26United States, May 26: 51Europe, May 26: 20China, May 26: 25Rest of the world, May 26: 13109May 26United States, Jun 26: 57Europe, Jun 26: 25China, Jun 26: 20Rest of the world, Jun 26: 15117Jun 26United States, Jul 26: 45Europe, Jul 26: 14China, Jul 26: 35Rest of the world, Jul 26: 15109Jul 26United States, Aug 26: 54Europe, Aug 26: 12China, Aug 26: 25Rest of the world, Aug 26: 13104Aug 26United States, Sep 26: 69Europe, Sep 26: 42China, Sep 26: 19Rest of the world, Sep 26: 22152Sep 26
Figure 13. Biotech startup funding rounds per month by region, October 2025 to September 2026. Source: FundingWatcher. Data as of 23 October 2026.

Edtech startup funding

Table and method →

Edtech startups closed 565 funding rounds from October 2025 to September 2026, 2.8% of all startup rounds, and raised $2.2 billion in the rounds with a disclosed amount.

Edtech startup funding rounds per month by region, October 2025 to September 2026United StatesEuropeChinaRest of the worldUnited States, Oct 25: 10Europe, Oct 25: 8Rest of the world, Oct 25: 2543Oct 25United States, Nov 25: 16Europe, Nov 25: 6China, Nov 25: 5Rest of the world, Nov 25: 2451Nov 25United States, Dec 25: 20Europe, Dec 25: 7China, Dec 25: 5Rest of the world, Dec 25: 1749Dec 25United States, Jan 26: 39Europe, Jan 26: 6China, Jan 26: 3Rest of the world, Jan 26: 1765Jan 26United States, Feb 26: 19Europe, Feb 26: 12China, Feb 26: 4Rest of the world, Feb 26: 1045Feb 26United States, Mar 26: 23Europe, Mar 26: 9China, Mar 26: 4Rest of the world, Mar 26: 1652Mar 26United States, Apr 26: 17Europe, Apr 26: 9China, Apr 26: 6Rest of the world, Apr 26: 1648Apr 26United States, May 26: 18Europe, May 26: 10China, May 26: 1Rest of the world, May 26: 1039May 26United States, Jun 26: 17Europe, Jun 26: 11China, Jun 26: 3Rest of the world, Jun 26: 1041Jun 26United States, Jul 26: 21Europe, Jul 26: 7China, Jul 26: 1Rest of the world, Jul 26: 1443Jul 26United States, Aug 26: 20Europe, Aug 26: 5China, Aug 26: 3Rest of the world, Aug 26: 735Aug 26United States, Sep 26: 22Europe, Sep 26: 10China, Sep 26: 3Rest of the world, Sep 26: 1954Sep 26
Figure 14. Edtech startup funding rounds per month by region, October 2025 to September 2026. Source: FundingWatcher. Data as of 23 October 2026.

Cybersecurity startup funding

Table and method →

Cybersecurity startups closed 779 funding rounds from October 2025 to September 2026, 3.9% of all startup rounds, and raised $13.2 billion in the rounds with a disclosed amount.

Cybersecurity startup funding rounds per month by region, October 2025 to September 2026United StatesEuropeChinaRest of the worldUnited States, Oct 25: 35Europe, Oct 25: 19Rest of the world, Oct 25: 1165Oct 25United States, Nov 25: 27Europe, Nov 25: 8China, Nov 25: 2Rest of the world, Nov 25: 1956Nov 25United States, Dec 25: 37Europe, Dec 25: 11China, Dec 25: 9Rest of the world, Dec 25: 1673Dec 25United States, Jan 26: 51Europe, Jan 26: 10China, Jan 26: 5Rest of the world, Jan 26: 1177Jan 26United States, Feb 26: 37Europe, Feb 26: 12China, Feb 26: 1Rest of the world, Feb 26: 757Feb 26United States, Mar 26: 50Europe, Mar 26: 12China, Mar 26: 1Rest of the world, Mar 26: 871Mar 26United States, Apr 26: 29Europe, Apr 26: 9Rest of the world, Apr 26: 1048Apr 26United States, May 26: 39Europe, May 26: 16China, May 26: 1Rest of the world, May 26: 1268May 26United States, Jun 26: 45Europe, Jun 26: 17China, Jun 26: 1Rest of the world, Jun 26: 1174Jun 26United States, Jul 26: 31Europe, Jul 26: 15China, Jul 26: 2Rest of the world, Jul 26: 1260Jul 26United States, Aug 26: 27Europe, Aug 26: 10China, Aug 26: 2Rest of the world, Aug 26: 1453Aug 26United States, Sep 26: 42Europe, Sep 26: 21China, Sep 26: 3Rest of the world, Sep 26: 1177Sep 26
Figure 15. Cybersecurity startup funding rounds per month by region, October 2025 to September 2026. Source: FundingWatcher. Data as of 23 October 2026.

Climate tech startup funding

Table and method →

Energy and climate startups closed 848 funding rounds from October 2025 to September 2026, 4.2% of all startup rounds, and raised $19.5 billion in the rounds with a disclosed amount.

Climate tech startup funding rounds per month by region, October 2025 to September 2026United StatesEuropeChinaRest of the worldUnited States, Oct 25: 9Europe, Oct 25: 18China, Oct 25: 11Rest of the world, Oct 25: 2159Oct 25United States, Nov 25: 8Europe, Nov 25: 17China, Nov 25: 22Rest of the world, Nov 25: 2067Nov 25United States, Dec 25: 17Europe, Dec 25: 14China, Dec 25: 19Rest of the world, Dec 25: 1161Dec 25United States, Jan 26: 23Europe, Jan 26: 9China, Jan 26: 34Rest of the world, Jan 26: 2086Jan 26United States, Feb 26: 25Europe, Feb 26: 14China, Feb 26: 10Rest of the world, Feb 26: 1665Feb 26United States, Mar 26: 27Europe, Mar 26: 23China, Mar 26: 21Rest of the world, Mar 26: 1283Mar 26United States, Apr 26: 18Europe, Apr 26: 13China, Apr 26: 11Rest of the world, Apr 26: 2062Apr 26United States, May 26: 16Europe, May 26: 16China, May 26: 4Rest of the world, May 26: 1147May 26United States, Jun 26: 19Europe, Jun 26: 19China, Jun 26: 12Rest of the world, Jun 26: 1565Jun 26United States, Jul 26: 24Europe, Jul 26: 18China, Jul 26: 25Rest of the world, Jul 26: 1784Jul 26United States, Aug 26: 25Europe, Aug 26: 12China, Aug 26: 13Rest of the world, Aug 26: 2070Aug 26United States, Sep 26: 28Europe, Sep 26: 23China, Sep 26: 18Rest of the world, Sep 26: 3099Sep 26
Figure 16. Climate tech startup funding rounds per month by region, October 2025 to September 2026. Source: FundingWatcher. Data as of 23 October 2026.

AI share of startup funding

Table and method →

AI startups closed 34.5% of startup funding rounds from October 2025 to September 2026 and took 54.3% of the disclosed dollars. The monthly share went from 31.1% in October 2025 to 39.2% in September 2026.

AI share of startup funding rounds per month by region, October 2025 to September 2026All countriesUnited StatesEuropeChina0%28%55%Oct 25Nov 25Dec 25Jan 26Feb 26Mar 26Apr 26May 26Jun 26Jul 26Aug 26Sep 26All countriesAll countries, Oct 25: 31%All countries, Nov 25: 29%All countries, Dec 25: 32%All countries, Jan 26: 36%All countries, Feb 26: 31%All countries, Mar 26: 33%All countries, Apr 26: 32%All countries, May 26: 35%All countries, Jun 26: 41%All countries, Jul 26: 35%All countries, Aug 26: 37%All countries, Sep 26: 39%United StatesUnited States, Oct 25: 41%United States, Nov 25: 45%United States, Dec 25: 49%United States, Jan 26: 50%United States, Feb 26: 46%United States, Mar 26: 47%United States, Apr 26: 43%United States, May 26: 47%United States, Jun 26: 51%United States, Jul 26: 43%United States, Aug 26: 47%United States, Sep 26: 51%EuropeEurope, Oct 25: 29%Europe, Nov 25: 33%Europe, Dec 25: 31%Europe, Jan 26: 28%Europe, Feb 26: 28%Europe, Mar 26: 31%Europe, Apr 26: 32%Europe, May 26: 32%Europe, Jun 26: 44%Europe, Jul 26: 38%Europe, Aug 26: 35%Europe, Sep 26: 41%ChinaChina, Oct 25: 12%China, Nov 25: 12%China, Dec 25: 10%China, Jan 26: 13%China, Feb 26: 10%China, Mar 26: 12%China, Apr 26: 16%China, May 26: 15%China, Jun 26: 27%China, Jul 26: 20%China, Aug 26: 25%China, Sep 26: 25%United States 51%Europe 41%All countries 39%China 25%
Figure 17. AI share of startup funding rounds per month by region, October 2025 to September 2026. Source: FundingWatcher. Data as of 23 October 2026.

Startup funding by country

Table and method →

Startups in 132 countries closed funding rounds from October 2025 to September 2026. The United States led with 8,496 of 20,088 rounds (42.3%), ahead of China with 3,260.

Startup funding rounds by country, top 20, October 2025 to September 2026United States8,496China3,260India1,056United Kingdom994Japan459South Korea458Germany437France353Canada300Singapore211Spain209Australia199Switzerland195Italy180The Netherlands155Brazil155United Arab Emirates151Sweden137Israel118Denmark116
Figure 18. Startup funding rounds by country, top 20, October 2025 to September 2026. Source: FundingWatcher. Data as of 23 October 2026.

Startup funding per capita by country

Table and method →

Singapore had 35.0 startup funding rounds per million people from October 2025 to September 2026, the most of any country with at least one million people. The United States ranked third with 25.0.

Startup funding rounds per million people, October 2025 to September 2026Kosovo: not ranked (under 1M people or 20 rounds)N. Cyprus: not ranked (under 1M people or 20 rounds)Somaliland: not ranked (under 1M people or 20 rounds)Fr. S. Antarctic Lands: not ranked (under 1M people or 20 rounds)Brunei: not ranked (under 1M people or 20 rounds)Central African Rep.: not ranked (under 1M people or 20 rounds)Dem. Rep. Congo: not ranked (under 1M people or 20 rounds)Eritrea: not ranked (under 1M people or 20 rounds)W. Sahara: not ranked (under 1M people or 20 rounds)Falkland Is.: not ranked (under 1M people or 20 rounds)Guinea: not ranked (under 1M people or 20 rounds)Gambia: not ranked (under 1M people or 20 rounds)Guinea-Bissau: not ranked (under 1M people or 20 rounds)Eq. Guinea: not ranked (under 1M people or 20 rounds)Greenland: not ranked (under 1M people or 20 rounds)Guyana: not ranked (under 1M people or 20 rounds)Laos: not ranked (under 1M people or 20 rounds)Lesotho: not ranked (under 1M people or 20 rounds)Niger: not ranked (under 1M people or 20 rounds)Papua New Guinea: not ranked (under 1M people or 20 rounds)Palestine: not ranked (under 1M people or 20 rounds)Solomon Is.: not ranked (under 1M people or 20 rounds)S. Sudan: not ranked (under 1M people or 20 rounds)Suriname: not ranked (under 1M people or 20 rounds)Chad: not ranked (under 1M people or 20 rounds)Tajikistan: not ranked (under 1M people or 20 rounds)Turkmenistan: not ranked (under 1M people or 20 rounds)Timor-Leste: not ranked (under 1M people or 20 rounds)Vanuatu: not ranked (under 1M people or 20 rounds)Afghanistan: not ranked (under 1M people or 20 rounds)Albania: not ranked (under 1M people or 20 rounds)Algeria: not ranked (under 1M people or 20 rounds)Angola: not ranked (under 1M people or 20 rounds)Argentina: 0.4Armenia: not ranked (under 1M people or 20 rounds)Australia: 7.3Austria: 5.8Azerbaijan: not ranked (under 1M people or 20 rounds)Bahamas: not ranked (under 1M people or 20 rounds)Bangladesh: not ranked (under 1M people or 20 rounds)Belarus: not ranked (under 1M people or 20 rounds)Belgium: 5.9Belize: not ranked (under 1M people or 20 rounds)Benin: not ranked (under 1M people or 20 rounds)Bhutan: not ranked (under 1M people or 20 rounds)Bolivia: not ranked (under 1M people or 20 rounds)Bosnia and Herzegovina: not ranked (under 1M people or 20 rounds)Botswana: not ranked (under 1M people or 20 rounds)Brazil: 0.7Bulgaria: not ranked (under 1M people or 20 rounds)Burkina Faso: not ranked (under 1M people or 20 rounds)Burundi: not ranked (under 1M people or 20 rounds)Cambodia: not ranked (under 1M people or 20 rounds)Cameroon: not ranked (under 1M people or 20 rounds)Canada: 7.3Chile: not ranked (under 1M people or 20 rounds)China: 2.3Colombia: 0.5Congo: not ranked (under 1M people or 20 rounds)Costa Rica: not ranked (under 1M people or 20 rounds)Croatia: not ranked (under 1M people or 20 rounds)Cuba: not ranked (under 1M people or 20 rounds)Cyprus: not ranked (under 1M people or 20 rounds)Czech Republic: 3.0Cรดte d'Ivoire: not ranked (under 1M people or 20 rounds)Denmark: 19.4Djibouti: not ranked (under 1M people or 20 rounds)Dominican Republic: not ranked (under 1M people or 20 rounds)Ecuador: not ranked (under 1M people or 20 rounds)Egypt: 0.2El Salvador: not ranked (under 1M people or 20 rounds)Estonia: 27.0Ethiopia: not ranked (under 1M people or 20 rounds)Fiji: not ranked (under 1M people or 20 rounds)Finland: 13.5France: 5.1Gabon: not ranked (under 1M people or 20 rounds)Georgia: not ranked (under 1M people or 20 rounds)Germany: 5.2Ghana: not ranked (under 1M people or 20 rounds)Greece: not ranked (under 1M people or 20 rounds)Guatemala: not ranked (under 1M people or 20 rounds)Haiti: not ranked (under 1M people or 20 rounds)Honduras: not ranked (under 1M people or 20 rounds)Hungary: not ranked (under 1M people or 20 rounds)Iceland: not ranked (under 1M people or 20 rounds)India: 0.7Indonesia: 0.1Iran: not ranked (under 1M people or 20 rounds)Iraq: not ranked (under 1M people or 20 rounds)Ireland: 13.2Israel: 11.8Italy: 3.1Jamaica: not ranked (under 1M people or 20 rounds)Japan: 3.7Jordan: not ranked (under 1M people or 20 rounds)Kazakhstan: not ranked (under 1M people or 20 rounds)Kenya: 0.5Kuwait: not ranked (under 1M people or 20 rounds)Kyrgyzstan: not ranked (under 1M people or 20 rounds)Latvia: not ranked (under 1M people or 20 rounds)Lebanon: not ranked (under 1M people or 20 rounds)Liberia: not ranked (under 1M people or 20 rounds)Libya: not ranked (under 1M people or 20 rounds)Lithuania: 7.3Luxembourg: not ranked (under 1M people or 20 rounds)Macedonia: not ranked (under 1M people or 20 rounds)Madagascar: not ranked (under 1M people or 20 rounds)Malawi: not ranked (under 1M people or 20 rounds)Malaysia: 0.7Mali: not ranked (under 1M people or 20 rounds)Mauritania: not ranked (under 1M people or 20 rounds)Mexico: 0.3Moldova: not ranked (under 1M people or 20 rounds)Mongolia: not ranked (under 1M people or 20 rounds)Montenegro: not ranked (under 1M people or 20 rounds)Morocco: not ranked (under 1M people or 20 rounds)Mozambique: not ranked (under 1M people or 20 rounds)Myanmar: not ranked (under 1M people or 20 rounds)Namibia: not ranked (under 1M people or 20 rounds)Nepal: not ranked (under 1M people or 20 rounds)New Caledonia: not ranked (under 1M people or 20 rounds)New Zealand: 7.6Nicaragua: not ranked (under 1M people or 20 rounds)Nigeria: 0.4North Korea: not ranked (under 1M people or 20 rounds)Norway: 7.0Oman: not ranked (under 1M people or 20 rounds)Pakistan: not ranked (under 1M people or 20 rounds)Panama: not ranked (under 1M people or 20 rounds)Paraguay: not ranked (under 1M people or 20 rounds)Peru: not ranked (under 1M people or 20 rounds)Philippines: not ranked (under 1M people or 20 rounds)Poland: 1.3Portugal: 3.3Puerto Rico: not ranked (under 1M people or 20 rounds)Qatar: not ranked (under 1M people or 20 rounds)Romania: not ranked (under 1M people or 20 rounds)Russian Federation: not ranked (under 1M people or 20 rounds)Rwanda: not ranked (under 1M people or 20 rounds)Saudi Arabia: 3.0Senegal: not ranked (under 1M people or 20 rounds)Serbia: not ranked (under 1M people or 20 rounds)Sierra Leone: not ranked (under 1M people or 20 rounds)Slovakia: not ranked (under 1M people or 20 rounds)Slovenia: not ranked (under 1M people or 20 rounds)Somalia: not ranked (under 1M people or 20 rounds)South Africa: 0.7South Korea: 8.9Spain: 4.3Sri Lanka: not ranked (under 1M people or 20 rounds)Sudan: not ranked (under 1M people or 20 rounds)Swaziland: not ranked (under 1M people or 20 rounds)Sweden: 13.0Switzerland: 21.7Syria: not ranked (under 1M people or 20 rounds)Taiwan: not ranked (under 1M people or 20 rounds)Tanzania: not ranked (under 1M people or 20 rounds)Thailand: not ranked (under 1M people or 20 rounds)The Netherlands: 8.6Togo: not ranked (under 1M people or 20 rounds)Trinidad and Tobago: not ranked (under 1M people or 20 rounds)Tunisia: not ranked (under 1M people or 20 rounds)Turkey: 1.2Uganda: not ranked (under 1M people or 20 rounds)Ukraine: not ranked (under 1M people or 20 rounds)United Arab Emirates: 13.7United Kingdom: 14.3United States: 25.0Uruguay: not ranked (under 1M people or 20 rounds)Uzbekistan: not ranked (under 1M people or 20 rounds)Venezuela: not ranked (under 1M people or 20 rounds)Vietnam: 0.2Yemen: not ranked (under 1M people or 20 rounds)Zambia: not ranked (under 1M people or 20 rounds)Zimbabwe: not ranked (under 1M people or 20 rounds)Bahrain: not ranked (under 1M people or 20 rounds)Hong Kong: 11.0Malta: not ranked (under 1M people or 20 rounds)Mauritius: not ranked (under 1M people or 20 rounds)Singapore: 35.0Rounds per million people0.1+0.7+3.1+7.3+13.2+not ranked (under 1M people or 20 rounds)
Figure 19. Startup funding rounds per million people, October 2025 to September 2026. Source: FundingWatcher. Data as of 23 October 2026.

Startup funding by city

Table and method →

Startups in San Francisco closed 1,898 funding rounds from October 2025 to September 2026, more than any other city. New York followed with 1,014 and London with 630.

Startup funding rounds by city, top 20, October 2025 to September 2026San Francisco1,898New York1,014London630Shenzhen404Shanghai373Beijing337Bangalore312Hangzhou280Suzhou264Los Angeles249Tokyo231Austin227Seoul223Singapore208Paris189Boston181Palo Alto176Dover161Wilmington139Miami129
Figure 20. Startup funding rounds by city, top 20, October 2025 to September 2026. Source: FundingWatcher. Data as of 23 October 2026.

Startup funding: US vs Europe vs China

Table and method →

US startups closed 8,496 of 20,088 funding rounds from October 2025 to September 2026 (42.3%). European startups closed 3,351 (16.7%) and Chinese startups 3,260 (16.2%).

Startup funding rounds per month by region, October 2025 to September 2026United StatesEuropeChinaRest of the worldUnited States, Oct 25: 720Europe, Oct 25: 326China, Oct 25: 170Rest of the world, Oct 25: 4841,700Oct 25United States, Nov 25: 500Europe, Nov 25: 257China, Nov 25: 263Rest of the world, Nov 25: 5021,522Nov 25United States, Dec 25: 599Europe, Dec 25: 230China, Dec 25: 329Rest of the world, Dec 25: 4101,568Dec 25United States, Jan 26: 1,073Europe, Jan 26: 246China, Jan 26: 399Rest of the world, Jan 26: 4012,119Jan 26United States, Feb 26: 648Europe, Feb 26: 278China, Feb 26: 247Rest of the world, Feb 26: 4661,639Feb 26United States, Mar 26: 849Europe, Mar 26: 315China, Mar 26: 319Rest of the world, Mar 26: 3681,851Mar 26United States, Apr 26: 628Europe, Apr 26: 262China, Apr 26: 216Rest of the world, Apr 26: 3511,457Apr 26United States, May 26: 594Europe, May 26: 254China, May 26: 213Rest of the world, May 26: 2891,350May 26United States, Jun 26: 867Europe, Jun 26: 354China, Jun 26: 251Rest of the world, Jun 26: 4111,883Jun 26United States, Jul 26: 652Europe, Jul 26: 280China, Jul 26: 298Rest of the world, Jul 26: 3831,613Jul 26United States, Aug 26: 625Europe, Aug 26: 194China, Aug 26: 276Rest of the world, Aug 26: 4301,525Aug 26United States, Sep 26: 741Europe, Sep 26: 355China, Sep 26: 279Rest of the world, Sep 26: 4861,861Sep 26
Figure 21. Startup funding rounds per month by region, October 2025 to September 2026. Source: FundingWatcher. Data as of 23 October 2026.

All figures and tables ยท Method