Manufacturing — sector dashboard · fobi

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Funding & analysis

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Total Raised

Round sizes
Mega-rounds ($100M+) dominate 2025–2026, with 11 of last 15 dated rounds exceeding $100M. Median round size for Series C and above jumped to $120M+, versus $50M–$75M in 2022–2023. Seed and Series A rounds remain minimal ($8M–$20M), creating a bifurcated market.
Stage mix
Capital is heavily concentrated in late stages (Series C–E and Growth rounds). Series D alone accounts for seven rounds in past 18 months. Seed and Series A combined represent under 3% of recent capital deployed. Series B and early C rounds are sparse, indicating venture capital is skipping middle stages entirely.
Lead investors
Founders Fund, Lux Capital, Eclipse Ventures, and NVentures lead multiple 2025–2026 rounds. Strategic corporate investors—Lockheed Martin Ventures, Mitsubishi Electric, Madrone, T. Rowe Price—entered or re-entered heavily. Generalist mega-funds (Sequoia, General Catalyst, BlackRock) remain active but are outnumbered by sector-specialized and corporate LPs.