Funding Fridays No. 1

Funding Fridays

Kyle Westaway

Welcome to the first issue of Funding Fridays – your two minute Friday morning briefing on startup funding. 

Knowledge is power. The goal of this briefing is to give founders insights on the current state of the market, so that they can step into the funding process equipped with data to help inform their fundraising strategy.

It’s designed to be quickly skimmable. For each stage of funding from Pre-Seed to Series C, I’ve calculated:

  • Average Raised – the average amount raised by companies in the last week.
  • Average Valuation – the average valuation of the companies that raised in the last week.

Additionally, I’ve designed a chart of those two numbers over the last 52 weeks to allow you to understand overall trends. 

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Pre-Seed

Average Raised – $856,185

Pre-Seed Average Money Raised

Kyle Westaway

Average Valuation – $25,012,191

Pre-Seed Average Valuation January 7, 2022

Kyle Westaway

Seed

Average Raised – $3,456,393

The average amount raised in a startup Series Seed funding on January 7, 2022.

Kyle Westaway

Average Valuation – $10,181,993

Average startup seed funding valuation January 7, 2022.

Kyle Westaway

Series A

Average Raised – $21,431,674

Average amount raised in startup Series A funding January 7, 2022.

Kyle Westaway

Average Valuation – $45,777,132

Average valuation for Series A funding on January 7, 2022.

Kyle Westaway

Series B

Average Raised – $52,981,381

Average amount raised in startup Series B funding on January 7, 2022.

Kyle Westaway

Average Valuation – $528,000,000

The average valuation of a startup Series B funding on January 7, 2022.

Kyle Westaway

Series C

Average Raised – $82,980,518

The Average amount raised in a startup Series C funding on January 7, 2022.

Kyle Westaway

Average Valuation – $6,306,247,953

The average valuation of a startup Series C funding on January 7, 2022.

Kyle Westaway

About Funding Fridays

Funding Fridays is a two-minute Friday morning briefing on startup funding written by Kyle Westaway – Managing Partner of Westaway.

A note on data. I’m using data from Crunchbase. This data has a number of limitations such as: (1) The data is self reported. (2) When the data is reported, not every field is required. So, there are companies that report the amount raised, but not the valuation or vice versa. All I am doing is taking that data as it is, and calculating averages. I would love perfect data, but unfortunately, I’m doing the best with what we’ve got. While the data is imperfect, I hope it’s incredibly valuable for founders to understand the general state of the market currently and how it’s changing over time. I hope it helps you.

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