Funding Fridays No. 1

Welcome to the first issue of Financing Fridays – A two minute Friday morning briefing on startup financing.

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

It is designed to be easy to scrape quickly. For each funding stage from Pre-Seed to Series C, I calculated:

  • average raised Average amount raised by companies in the last week.
  • average rating Average rating of companies that were launched last week.

In addition, I have designed a chart of these two numbers over the last 52 weeks to allow you to understand general trends.

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Medium Raised – $85,6185

Average Rating – $25,012,191


Average Raised – $3,456,393

Average Rating – $10,181,993

Series A

Average Raised – $21,431,674

Average Rating – $4,577,132

series b

Average Raised – $52,981,381

Average Rating – $528,000,000

Series C

Average Raised – $82,980,518

Average Rating – $6,306,247,953

About Friday Financing

Friday Finance is a two-minute Friday morning briefing on startup financing written by Kyle Westaway – Managing Partner Westway.

A note on the data. I am using data from Crunchbase. This data has a number of limitations such as: (1) The data is self-reported. (2) When reporting data, not every field is required. Therefore, there are companies that report the amount collected, but not the valuation or vice versa. All I do is take this data as it is, and calculate the averages. I would like perfect data, but unfortunately, I’m doing my best with what we have. While the data is incomplete, I hope it will be very helpful for founders to understand the general state of the market today and how it is changing over time. I hope it helps you.


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