Equitybee Benchmark

Startup Equity Benchmark: See how your grant compares

Salaries have benchmarks. Equity is harder to compare. Explore how 9,000+ verified new-hire grants vary by department, seniority, and company stage.

2,500

Companies

9,000+

Verified Grants

Seed to Pre-IPO

Companies

The benchmark is built from verified new-hire equity grants submitted through Equitybee. It provides market context based on Equitybee's dataset and is intended for informational purposes only. The dataset has not been independently verified, and should not be interpreted as representative of grants that ultimately led to successful liquidity events. Data presented as is. Data last updated July 2026.

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Equitybee Benchmark

See How Your Equity Grant Compare

Compare verified equity grants across roles, seniority levels, departments, and company stages. See how the first grant employees received when joining a startup compares to similar grants in Equitybee’s dataset.

The benchmark is built from verified new-hire equity grants submitted through Equitybee. It provides market context based on Equitybee's dataset and is intended for informational purposes only. The dataset has not been independently verified, and should not be interpreted as representative of grants that ultimately led to successful liquidity events. Data presented as is. Data last updated July 2026.

Build Your Benchmark

Next: Create a free account to view your results.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

The benchmark is built from verified new-hire equity grants submitted through Equitybee. It provides market context based on Equitybee's dataset and is intended for informational purposes only. The dataset has not been independently verified, and should not be interpreted as representative of grants that ultimately led to successful liquidity events. Data presented as is. Data last updated July 2026.

2,500

Companies

9,000+

Verified Grants

Seed to Pre-IPO

Companies

When It Matters

Use It When Equity Is on the Table

Evaluating a New Offer

See how your startup offer compares to verified new-hire grants for similar roles, seniority levels, and company stages.

Promotion & Refresh Talks

See what employees typically receive when hired into the role you're moving into, or the role you already hold.

Thinking About Leaving?

See what similar employees receive when joining the companies you may consider next.

What 9,000+ New-Hire Grants Reveal

In Equitybee's dataset, the median new-hire equity grant was approximately $59K in 2025, up from $18K in 2019. The shift hasn't been even across industries, departments, seniority levels, or company stages. Here are three findings from the data.

Median grant value by level Line chart showing median equity grant value climbing from $15.2 thousand for ICs to $215 thousand for VP and C-Level. $15.2K ICs $215K VP & C-Level
SENIORITY
Grants rise 14× from IC to VP &
C-Level

Median grants climb from $15.2K for Individual Contributors (ICs) to $215K at the VP & C-Level.

Industry
AI grants are growing in share and size

AI & Data rose from 14.6% of grant activity in 2023 to 19.7% since 2024, with median grants up from $57.9K to $72.6K.

AI grants growth Line chart showing AI and Data roles rising from 14.6% of grant activity in 2023 to 19.7% since 2024. $57.9K 2023 $72.6K 2024+
DEPARTMENT
Department can double an IC grant

Individual Contributors (ICs) medians range from $11K in Operations to $23.2K in Engineering, about a 2× spread.

IC median grant by department Bar chart showing IC median grants ranging from $11 thousand in Operations to $23.2 thousand in Engineering, about a 2x spread. $23.2K Engineering $11K Operations

Figures reflect median new-hire Grant FMV in Equitybee's dataset. Data presented as is.

STARTUP EQUITY OVER TIME

How Have Startup Equity Grants Changed Over Time?

In Equitybee's dataset, median New-Hire Grant FMV rose from approximately $18K in 2019 to $57K in 2022.
Grant values declined in 2023, but did not return to earlier levels. The median remained close to $60K in both 2024 and 2025.

Median New-Hire Grant FMV by Grant Year

Median first-grant fair market value for employees joining a company, by grant year, in Equitybee's dataset.

Median Joining Grant FMV by grant year
Grant YearMedian New-Hire Grant FMV
2016$12K
2017$13K
2018$15K
2019$18K
2020$26K
2021$47K
2022$57K
2023$51K
2024$60K
2025$59K
2026 YTD$65K

2026 data is year to date. For this analysis, grant year is based on the Vesting Start Date captured in Equitybee's dataset. Data last updated July 2026. Data presented as is.

The startup market reset, but new-hire grant values did not return to earlier levels.
Inside the Benchmark

See More Than a Single Median

Create a free account to see the full distribution for a specific cohort, and how the result changes when you adjust one factor at a time.

Specific Cohorts

Combine seniority, department, and company stage to see results that better match your situation.

Full Distribution

See Percentiles,median, average, and full distribution of each cohort.

Cohort Strength

Understand how much data supports the result you are viewing.

One Factor at a Time

Change one cohort parameter to see how the results compare while keeping the others fixed.

Market Context

Use the data when evaluating an offer, preparing for an internal equity conversation, or considering your next move.

Seniority & Department

Engineering vs. Marketing: The grant gap nearly disappears at VP and C-level

Among ICs, Engineering’s median new-hire grant FMV is $23.2K, compared with $14K for Marketing, a 67% difference.

At VP and C-level, the medians are nearly identical at $228.5K and $229.2K.

This comparison combines all company stages. Build a cohort to explore a specific combination of department, seniority, and company stage.

IC

Engineering +66%
Engineering
$23.2K
Marketing
$14K

VP & C-Level

Marketing +0.4%
Engineering
$228.5K
Marketing
$229.2K

Bars are scaled within each seniority level. Figures reflect median New-Hire Grant FMV across records with the relevant department and seniority fields available. Data presented as is.

More Market Context

Industry and Company Stage Shape the Benchmark

Grant values can vary meaningfully based on the type of company and where it is in its growth journey.

Recent Industry View
AI Is High, But It Is Not Alone

From 2024 through 2026 YTD, several highly technical industries show elevated median new-hire Grant FMV in Equitybee's dataset. AI & Data companies benchmark above the median for all other industries, but Deep Tech and Cybersecurity show that higher recent grant values are not limited to AI.

Aerospace, Defense & Deep Tech $89K
AI & Data $73K
Cybersecurity & Security $72K
All Other Industries $52K
COMPANY STAGE
Company Stage Changes the Yardstick

Median new-hire Grant FMV rises across company stages in Equitybee's dataset, largely because FMV per share grows as companies mature. The median Series D+ New-Hire grant is approximately 3.1× the median Seed / Series A grant in grant-date FMV terms.

$20K
Seed/Series A
2,207 grants
$29K
Series B
1,978 grants
$41K
Series C
1,922 grants
$62K
Series D+
3,070 grants

A higher grant-date FMV does not mean a more valuable outcome. Earlier-stage grants typically carry lower FMV and strike prices, which can mean lower exercise costs, alongside higher risk and longer liquidity timelines. That is why the Benchmark compares grants within the same company stage. Recent industry data includes 2024, 2025, and 2026 YTD. Figures use records with the relevant fields available. Data presented as is.

HOW IT WORKS

How Equity Grants Are Compared

Option count alone does not tell you how one startup stock option grant compares with another. The same number of options can represent very different values across companies.

The Equitybee Benchmark compares grants using Fair Market Value at the time the grant was issued.

For most option grants, the FMV at grant is equal to the strike price. Each record represents a New-Hire equity grant: the first equity grant an employee received when joining a company. This provides a more consistent comparison point across departments, seniority levels, and company stages.

Options
e.g. 10,000
×
Strike Price
e.g. $10.00
Grant-Date FMV
$100,000
*For most option grants, the FMV at grant is equal to the strike price.

*For most option grants, the FMV at grant is equal to the strike price. Comparing FMV at grant creates a consistent basis across companies with different share prices and option counts.

Built from Real Startup Equity Data

Verified New-Hire Grants

The benchmark is built from verified equity grants employees received when joining startup companies.

Seniority Level

Individual Contributors (ICs) - 28.10%

Senior ICs & Team Leads - 35.28%

Senior Managers & Directors - 20.93%

VPs & C-Level Executives - 14.55%

Founders & CEOs - 1.15%

9,000+

Verified Grants

2,500+

Companies

Company Stage

Seed / Series A - 24.06%

Series B - 21.54%

Series C - 20.94%

Series D+ - 33.45%

Broad
Coverage

Explore new-hire grant benchmarks across 5 seniority levels,
7 departments, and
4 company stages.

Department

Engineering

32.06%

Sales

22.43%

Operations

17.73%

Product

9.32%

Marketing

7.89%

Finance

4.20%

Other

6.38%

Understand the Data

The dataset reflects new-hire equity grants. It does not directly benchmark promotion grants, refresh grants, or the current value of an employee's total equity package.
Because the data reflects Equitybee's user base, it represents a sample of the startup market rather than a complete view of all startup equity grants. Some departments, industries, company stages, and seniority levels are represented more heavily than others.
Cohort strength and contexts are displayed throughout the full Benchmark to help users interpret each result.

*Equitybee benchmark dataset is proprietary information. The dataset is derived exclusively from Equitybee's platform data. The Benchmark methodology and dataset have not been independently verified. Data presented as is.

Frequently asked questions

What is a startup equity benchmark?

A startup equity benchmark helps employees compare equity grants across similar departments, seniority levels, and company stages. The Equitybee Benchmark is built from new-hire equity grants submitted through Equitybee.

What is a New-Hire equity grant?

A new-hire equity grant is the first equity grant an employee receives when joining a company. For startup employees, this is often a stock option grant.

What is a typical startup equity grant value?

In Equitybee's dataset of 9,000+ verified new-hire grants, the median new-hire grant FMV was approximately $59K in 2025 and $65K in 2026 year-to-date. Values vary widely: median grants range from roughly $20K at Seed / Series A companies to $62K at Series D+, and from about $15.2K for ICs to $215K at the VP & C-Level.

How much equity should I get at a startup?

There is no single right amount. Equity depends on role, seniority, company stage, industry, and the salary trade-offs in the offer. Startup equity is often discussed as an ownership percentage, but percentages are difficult to compare across companies with different share counts and valuations. The Equitybee Benchmark approaches the question through grant value, Options Granted × FMV per Share at Grant, so you can compare a specific offer with verified new-hire grants from a similar cohort.

Do AI companies offer higher-value new-hire grants?

In Equitybee's dataset, AI & Data companies show a median new-hire grant FMV of approximately $73K from 2024 through 2026 YTD, compared with a $52K median across all other industries. Higher recent grant values are not limited to AI: Aerospace, Defense & Deep Tech ($89K) and Cybersecurity & Security ($72K) also benchmark above that level.

How have startup equity grants changed over time?

In Equitybee's dataset, median new-hire grant FMV rose from about $12K in 2016 to approximately $59K in 2025, peaking during the 2021-2022 funding boom. Values declined in 2023 but did not return to earlier levels; the median has remained near $60K since 2024.

What is a typical equity grant at a Series B startup?

In Equitybee's dataset, the median new-hire grant FMV at Series B companies is approximately $29K, compared with $20K at Seed / Series A and $62K at Series D+. Whether a specific offer is competitive depends on department, seniority, salary, and the rest of the compensation package; the full Benchmark shows the distribution for a specific cohort.

Does a higher grant-date FMV mean a better equity package?

Not necessarily. FMV at grant reflects the company's share value when the employee joins, so later-stage grants naturally show higher grant-date values and typically higher exercise costs. Earlier-stage grants carry lower strike prices with more risk and a wider range of possible outcomes. The Benchmark is designed to compare grants within a similar company stage, not to judge one stage against another.

Do engineers get more equity than employees in other departments?

It depends on seniority. Among ICs in Equitybee’s dataset, the median FMV of a new-hire grant is $23.2K in Engineering, compared with $14K in Marketing, a 66% difference. At the VP and C-suite level, however, that gap effectively disappears. The medians are $228.5K for Engineering and $229.2K for Marketing, with Marketing just ~0.4% higher.

How is the Equitybee Benchmark different from Levels.fyi or Carta data?

Tools like Levels.fyi rely largely on self-reported total compensation data, and Carta's benchmarks are built from company-side cap table records. The Equitybee Benchmark is built from new-hire equity grants submitted through Equitybee by employees, focuses specifically on startup equity rather than total compensation, and compares grants using FMV at grant. Each source has a different scope, and they can be complementary.

How can I compare a startup equity offer?

Consider the number of options, FMV or strike price at grant, company stage, department, seniority level, salary, and other compensation terms. The Equitybee Benchmark compares grants using Options Granted × FMV per Share at Grant.

What is Grant Value?

Grant Value is calculated by multiplying the number of options by the Fair Market Value (FMV) per share on the grant date. It provides a dollar-based measure for comparing grants when they were issued and does not represent their current or potential future value.

Why does Equitybee use FMV?

Grant FMV is the number of options multiplied by the company’s fair market value per share on the grant date. For private companies, FMV is generally based on an independent third-party valuation using established methodologies.We believe it provide a more consistent dollar-based basis for comparing joining grants across companies.

Does the Benchmark include refresh or promotion grants?

No. The Benchmark is built from new-hire equity grants. It may still provide useful directional context for promotion, refresh, or internal equity conversations, but those grants can be structured differently.

Can I use the Benchmark if I already work at the company?

Yes. You can compare the first equity grant you received when you joined the company. You can also use the data as directional context for what employees receive when hired into the role you already hold.

Where does the data come from?

The Benchmark is derived exclusively from Equitybee's platform data and is based on equity grant information submitted through Equitybee. The dataset has not been independently verified and may not represent the full startup market.

How is this different from a salary benchmark?

Salary benchmarks focus on cash compensation and often rely on survey responses. The Equitybee Benchmark focuses specifically on startup equity and is built from employee grant information submitted through Equitybee.

Is the Equitybee Benchmark free?

Yes. The Benchmark is free to use. An account is required to access detailed cohort results.

Is this financial, tax, legal, or compensation advice?

No. The Equitybee Benchmark is provided for informational purposes only and should be used as market context, not as financial, tax, legal, or compensation advice.

Equitybee Benchmark

See How Your Equity Compares

Salaries have benchmarks. Equity is harder to compare. Explore how 9,000+ verified new-hire grants vary by department, seniority, and company stage.

Median, percentiles & average

Sample size for every result

Change one factor at a time

Free to use. Built from 9,000+ verified new-hire equity grants.

The benchmark is built from verified new-hire equity grants submitted through Equitybee. It provides market context based on Equitybee's dataset and is intended for informational purposes only. The dataset has not been independently verified, and should not be interpreted as representative of grants that ultimately led to successful liquidity events. Data presented as is. Data last updated July 2026.

Build Your Benchmark

Select the cohort most relevant to you.

Next: Create a free account to view your results.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

The benchmark is built from verified new-hire equity grants submitted through Equitybee. It provides market context based on Equitybee's dataset and is intended for informational purposes only. The dataset has not been independently verified, and should not be interpreted as representative of grants that ultimately led to successful liquidity events. Data presented as is. Data last updated July 2026.