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Seed to Series A rate: what percentage of startups get Series A funding
Updated 23 Oct 2026
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%. Source: FundingWatcher, October 2026.
Value
13.9%
Unit
share of seed-stage startups founded in 2021 that have raised a Series A or later
Data as of
23 October 2026
Source
FundingWatcher, October 2026
Figure 1. Share of seed-stage startups that reached Series A or later, by founding year. Source: FundingWatcher. Data as of 23 October 2026.Figure 2. Share that reached Series A or later by industry, founded 2015 to 2019. Source: FundingWatcher. Data as of 23 October 2026.Figure 3. Share that reached Series A or later, top 20 countries by startups, founded 2015 to 2019. Source: FundingWatcher. Data as of 23 October 2026.
Table 1. Seed to Series A rate: what percentage of startups get Series A funding, by founding year. Source: FundingWatcher. Data as of 23 October 2026. Base: 80,945.
Table 2. Seed to Series A rate: what percentage of startups get Series A funding, by industry, founded 2015 to 2019. Source: FundingWatcher. Data as of 23 October 2026. Base: 53,046.
Country, founded 2015 to 2019
Country
Startups
Share
95% interval
China
5,199
58.6%
South Korea
1,559
47.3%
Japan
950
47.2%
Israel
803
34.4%
France
1,330
32.4%
Canada
2,018
31.0%
Germany
1,374
30.2%
Singapore
889
29.8%
Switzerland
506
28.7%
Indonesia
365
28.5%
24.1 to 33.3
United States
19,200
27.7%
Sweden
421
22.3%
18.6 to 26.5
United Kingdom
3,411
22.0%
The Netherlands
609
21.8%
Australia
1,019
21.7%
India
3,149
18.9%
Italy
435
18.4%
15.0 to 22.3
Spain
628
17.2%
Brazil
1,103
13.2%
Turkey
320
7.5%
5.1 to 10.9
Table 3. Seed to Series A rate: what percentage of startups get Series A funding, by country, founded 2015 to 2019. Source: FundingWatcher. Data as of 23 October 2026. Base: 53,046.
Previous values
Month
Data as of
Value
October 2026
19 October 2026
13.9%
Table 4. Seed to Series A rate: what percentage of startups get Series A funding, value at each monthly update. Source: FundingWatcher. Data as of 23 October 2026.
Method: 327,370 Crunchbase records with a dated round, read 2026-10-19. A company is in a founding-year seed cohort when its last round is pre-seed, seed or angel, or when its last round is Series A to J or post-IPO and it has two or more rounds on file. Crunchbase keeps no round history, so we know the stage a company has reached by now, not when it got there. Companies whose last round is debt, a grant, a note or an unnamed venture round are left out. Only cohorts at least five years old are shown. A company with a Series A and one earlier round counts even when that round was not recorded as seed, so countries where Crunchbase records few seed rounds (China, Japan, South Korea) come out high. Intervals are Wilson 95% intervals, shown below 500 startups. Accelerator success rate. Full method.
Cite or embed
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%. Source: FundingWatcher, October 2026. https://fundingwatcher.com/data/seed-to-series-a-rate/
<a href="https://fundingwatcher.com/data/seed-to-series-a-rate/"><img src="https://fundingwatcher.com/static/figures/seed-to-series-a-rate.png" alt="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%." width="1200" style="max-width:100%;height:auto"></a>
<p>Source: <a href="https://fundingwatcher.com/data/seed-to-series-a-rate/">FundingWatcher</a>, October 2026</p>
