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How to use this guide
Start with the Overview tab to understand where each round fits in the fundraising journey. Then select your specific round type for detailed val cap benchmarks by amount raised and sector. Use this to benchmark your cap — not as a fixed target. Every deal is different.
For informational purposes only · Not legal or financial advice · Data: Carta, AngelList, Silicon Valley Bank public reports · Compiled by BVJ Consulting · Updated Q1 2026