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Hardware startup funding

Updated 23 Oct 2026

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. Source: FundingWatcher, October 2026.

Value
2,749
Unit
funding rounds dated October 2025 to September 2026
Data as of
23 October 2026
Source
FundingWatcher, October 2026
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 1. Hardware startup funding rounds per month by region, October 2025 to September 2026. Source: FundingWatcher. Data as of 23 October 2026.

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Month

MonthRoundsShare of all roundsRaised
October 202517710.4%$2.8B
November 202519512.8%$1.9B
December 202521613.8%$3B
January 202629313.8%$22.8B
February 202620612.6%$4.5B
March 202625613.8%$5.6B
April 202617612.1%$3.3B
May 202618513.7%$7.9B
June 202625413.5%$8B
July 202621813.5%$8.7B
August 202626917.6%$8.6B
September 202630416.3%$16.6B

Table 1. Hardware startup funding, by month. Source: FundingWatcher. Data as of 23 October 2026. Base: 2,749.

Stage

StageRoundsMedian round
Pre-seed434$500K
Seed1,219$3M
Series A567$14.8M
Series B301$25M
Series C151$52M
Series D+77$87M

Table 2. Hardware startup funding, by stage. Source: FundingWatcher. Data as of 23 October 2026. Base: 2,749.

Previous values

MonthData as ofValue
October 202619 October 20262,750
September 202628 September 20262,647

Table 3. Hardware startup funding, value at each monthly update. Source: FundingWatcher. Data as of 23 October 2026.

Method: Rounds dated October 2025 to September 2026, counted from the startup file of 23 October 2026. The file keeps each company's most recent pre-seed, seed, angel or Series A to J round only, so a company that raised twice in the window counts once. Industry is the Crunchbase category group. Raised sums the rounds with a disclosed amount. Full method.

Cite or embed

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. Source: FundingWatcher, October 2026.
https://fundingwatcher.com/data/hardware-startup-funding/
<a href="https://fundingwatcher.com/data/hardware-startup-funding/"><img src="https://fundingwatcher.com/static/figures/hardware-startup-funding.png" alt="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." width="1200" style="max-width:100%;height:auto"></a>
<p>Source: <a href="https://fundingwatcher.com/data/hardware-startup-funding/">FundingWatcher</a>, October 2026</p>

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