Equitybee Benchmark

Startup Equity Benchmark: See How Your Grant Compares

Salary has benchmarks. Startup equity has largely been guesswork. Compare your grant across departments, seniority levels, and company stages using data from 9,000+ verified joining grants submitted through Equitybee.

9000+
Verified Joining Grants
2500+
Companies
Seed to Pre-IPO
Company Stages

The benchmark is built from verified joining 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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When It Matters

Use It When Equity Is on the Table

Evaluating a New Offer

See how your startup offer compares to verified joining 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+ Joining Grants Reveal

In Equitybee's dataset, the median joining 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 Joining 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 Joining 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 Joining 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 Joining 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 joining 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 department, seniority, and company stage instead of relying on broad averages.

Full Distribution

See P25, median, P75, average, and sample size for each cohort.

Cohort Strength

Understand how much data supports the result you are viewing.

One Factor at a Time

Change seniority, department, or stage while holding the other factors fixed.

Market Context

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

One Comparison, Two Seniority Levels

Engineering vs. Marketing: The Gap Nearly Disappears at the VP Level

Among ICs in Equitybee's dataset, median Joining Grant FMV is $23.2K for Engineering and $14K for Marketing, a 67% difference.At the VP & C-Level, the medians rise to $236.7K and $229.2K, narrowing the difference to just 3%.

The department gap is wide among ICs, and nearly disappears at the VP & C-Level.

This is one comparison across all company stages. Explore how department benchmarks change when you add seniority and company stage to the picture.

IC

Engineering +67%
Engineering
$23.2K
Marketing
$14K

VP & C-Level

Engineering +3%
Engineering
$236.7K
Marketing
$229.2K

Bars are scaled within each seniority level. Figures reflect median Joining 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 Joining 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 Joining Grant FMV rises across company stages in Equitybee's dataset, largely because FMV per share grows as companies mature.
The median Series D+ joining 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 joining 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 Joining 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%

9000+

Verified Grants

2500+

Companies

Company Stage

Seed / Series A - 24.06%

Series B - 21.54%

Series C - 20.94%

Series D+ - 33.45%

Broad
Coverage

Explore joining 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 joining 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.
Sample sizes 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 joining equity grants submitted through Equitybee.

What is a joining equity grant?

A joining 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 joining grants, the median joining 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 joining grants from a similar cohort.

Do AI companies offer higher-value joining grants?

In Equitybee's dataset, AI & Data companies show a median joining 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 joining 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 joining 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, Engineering's median joining grant FMV is $23.2K versus $14K for Marketing, a 67% difference. At the VP & C-Level, the medians are $236.7K and $229.2K, a gap of only about 3%.

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 joining 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 as Options Granted × FMV per Share at Grant. It provides a standardized way to compare equity grants across companies with different share prices and option counts.

Why does Equitybee use FMV?

FMV at grant provides a standardized comparison point across companies. Ownership percentage can be harder to compare because companies have different share counts, capitalization structures, funding histories, and valuation timelines.

Does the Benchmark include refresh or promotion grants?

No. The Benchmark is built from joining 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

Choose your department, seniority level, and company stage to see the median, percentiles, average, sample size, and more for your cohort.

Median, P25, P75 & average

Sample size for every result

Change one factor at a time

Free to use. Built from 9,000+ verified joining equity grants.

The benchmark is built from verified joining 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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