How much equity do founders sell investors in each venture round?

Published 12 October 2023


New numbers from Carta on 2023 US rounds show how much equity startups sell to investors in the different rounds. Data shows that the rounds sell/dilute for:

  • Series seed: 20.5%
  • Series A: 19.5%
  • Series B: 17.2%
  • Series C: 12.6%
  • Series D: 10.3%

See the full overview here.