How Much Did FiscalNote Raise? Funding & Key Investors

FiscalNote has successfully raised funding over 24 rounds, with the latest being a Post-IPO Debt round led by MGG Investment Group. The company is backed by 67 investors, including recent contributions from MGG Investment Group and Bossa Invest.

Keep reading to explore the intricacies of FiscalNote's fundraising journey and the investors backing this innovative platform.

What Is FiscalNote?

FiscalNote is a company that leverages artificial intelligence and big data to deliver predictive analytics on government information. The company operates in industries such as AI, Big Data, GovTech, Predictive Analytics, and Software. It is headquartered in Washington, D.C., and employs between 501 and 1000 people.

Founded to provide innovative solutions in public affairs and government relations, FiscalNote offers a range of products including AI-powered platforms for policy tracking, digital advocacy tools, and congressional news and analysis. The company is publicly traded under the ticker NYSE:NOTE and has made several acquisitions and investments in the AI and data analytics sectors.

How Much Funding Has FiscalNote Raised?

1. Post-IPO Debt
   • Amount Raised: USD 250,000,000
   • Date: July 2022
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To refinance existing debt and support strategic acquisitions.
2. Post-IPO Equity
   • Amount Raised: USD 100,000,000
   • Date: July 2022
   • Lead Investors: Maso Capital Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand market reach and invest in new technologies.
3. Convertible Note
   • Amount Raised: USD 18,000,000
   • Date: December 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support operational growth and technology development.
4. Post-IPO Equity
   • Amount Raised: USD 6,301,010
   • Date: January 2024
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance product offerings and expand into new markets.
5. Post-IPO Equity
   • Amount Raised: USD 5,500,000
   • Date: November 2024
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To drive strategic acquisitions and international expansion.
6. Post-IPO Debt
   • Amount Raised: USD 75,000,000
   • Date: August 2025
   • Lead Investors: MGG Investment Group
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To refinance existing debt and support strategic acquisitions.

Total Amount Raised: USD 454,801,010. Current Valuation: Not publicly disclosed.

Key Investors

• MGG Investment Group
  • Details: MGG Investment Group is a significant investor in FiscalNote, having participated in multiple Post-IPO Debt funding rounds. They are known for providing flexible and creative capital solutions to middle-market companies.
  • Investment Focus Areas: Middle-market companies, debt financing, strategic acquisitions.
  • Notable Investments: FiscalNote, not publicly disclosed, not publicly disclosed.
• Maso Capital Partners
  • Details: Maso Capital Partners is an investment firm that led a Post-IPO Equity round for FiscalNote. They specialize in event-driven and special situations investments.
  • Investment Focus Areas: Event-driven investments, special situations, equity markets.
  • Notable Investments: Not publicly disclosed, not publicly disclosed, not publicly disclosed.
• Arrowroot Capital
  • Details: Arrowroot Capital is a growth equity firm that focuses on investing in B2B software companies. They led a $160 million funding round for FiscalNote.
  • Investment Focus Areas: B2B software, growth equity, technology.
  • Notable Investments: FiscalNote, not publicly disclosed, not publicly disclosed.
• Runway Growth Capital
  • Details: Runway Growth Capital provides growth capital to companies in various stages of development. They co-led the $160 million funding round for FiscalNote.
  • Investment Focus Areas: Growth capital, venture debt, diverse sectors.
  • Notable Investments: FiscalNote, not publicly disclosed, not publicly disclosed.
• Mark Cuban
  • Details: Mark Cuban is a prominent entrepreneur and investor, known for his role on the TV show "Shark Tank" and ownership of the Dallas Mavericks. He has been an early backer of FiscalNote since its inception.
  • Investment Focus Areas: Technology, sports, entertainment.
  • Notable Investments: Dallas Mavericks, various tech startups, companies featured on "Shark Tank".

What's Next for FiscalNote?

FiscalNote stands at the cusp of significant growth opportunities, driven by the increasing demand for comprehensive regulatory information and advocacy tools. With $160 million in recent funding, the company is poised to develop new technologies, expand into international markets, and pursue strategic acquisitions. This financial backing underscores the vast potential for growth, particularly in regions like the European Union and Asia, where regulatory environments are complex and ever-evolving.

Future fundraising opportunities appear promising as FiscalNote continues to scale its operations and enhance its product offerings. The company's ability to attract substantial investment suggests that additional rounds of funding could be on the horizon, further fueling its expansion and technological advancements. However, challenges such as navigating political uncertainties, managing rapid growth, and staying ahead of competitors in the data and intelligence sector will require strategic planning and continuous innovation.

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