Total amount raised
$637.3 Millions
Latest funding date
11/01/2024
Location
FiscalNote has successfully raised significant funding through multiple rounds, with its latest being a Post-IPO Equity round. The company is backed by a diverse group of 66 investors, including Bossa Invest and ORIX Growth Capital.
Keep reading to explore the intricacies of FiscalNote's fundraising journey and the investors backing this innovative platform.
What Is FiscalNote?
Founded on April 1, 2013, FiscalNote operates in the realms of artificial intelligence, big data, and GovTech. The company is headquartered in Washington, D.C., and has additional offices in Brussels, Gurugram, Singapore, and Sydney.
FiscalNote was established by Chris Brummer, Gerald Yao, Jonathan Chen, and Tim Hwang. The company employs between 501 and 1000 people, providing AI-powered platforms for policy management, market intelligence, and advocacy.
With a focus on delivering predictive analytics on government information, FiscalNote helps organizations navigate the complexities of global policy and market landscapes.
How Much Funding Has FiscalNote Raised?
- Round Name: Venture Round
- Amount Raised: $40M
- Date: May 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and enhance existing services.
- Round Name: Convertible Note
- Amount Raised: $18M
- Date: Dec 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop new technologies and services.
- Round Name: Post-IPO Equity
- Amount Raised: $100M
- Date: Jul 2022
- Lead Investors: Maso Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into new international markets.
- Round Name: Post-IPO Debt
- Amount Raised: $250M
- Date: Jul 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To refinance existing debt.
- Round Name: Post-IPO Secondary
- Amount Raised: Not publicly disclosed
- Date: Jun 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to existing shareholders.
- Round Name: Post-IPO Equity
- Amount Raised: $6.3M
- Date: Jan 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance market intelligence capabilities.
- Round Name: Post-IPO Debt
- Amount Raised: Not publicly disclosed
- Date: Jan 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational growth.
- Round Name: Post-IPO Equity
- Amount Raised: $5.5M
- Date: Nov 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive strategic acquisitions.
- Round Name: Post-IPO Debt
- Amount Raised: Not publicly disclosed
- Date: Nov 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To refinance existing debt.
Total Amount Raised: $419.8M. Current Valuation: Not publicly disclosed.
Key Investors
- Arrowroot Capital
- Details: Arrowroot Capital is a growth equity firm that focuses on investing in B2B software companies. They provide capital and strategic support to help companies scale and achieve their growth objectives.
- Investment Focus Areas: B2B software companies, companies with a proven business model, companies looking to scale.
- Notable Investments: FiscalNote.
- Runway Growth Capital
- Details: Runway Growth Capital is a private debt fund that provides growth capital to both venture and non-venture backed companies. They focus on providing flexible financing solutions to help companies achieve their growth milestones.
- Investment Focus Areas: Venture-backed companies, non-venture backed companies, companies needing flexible financing solutions.
- Notable Investments: FiscalNote.
- Maso Capital Partners
- Details: Maso Capital Partners is an investment firm that participated in FiscalNote's Post-IPO Equity round. They are known for their strategic investments in various sectors.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: FiscalNote.
- New Enterprise Associates (NEA)
- Details: NEA is a global venture capital firm that invests in technology and healthcare companies. They have a long history of supporting innovative startups and helping them grow.
- Investment Focus Areas: Technology, healthcare, early-stage startups.
- Notable Investments: FiscalNote, Coursera, Robinhood.
- Mark Cuban
- Details: Mark Cuban is an entrepreneur and investor known for his ownership of the Dallas Mavericks and his appearances on the TV show "Shark Tank." He invests in a wide range of industries.
- Investment Focus Areas: Various industries, technology, media.
- Notable Investments: FiscalNote, Magnolia Pictures, AXS TV.
What's Next for FiscalNote?
FiscalNote stands at the cusp of significant growth opportunities, driven by the increasing demand for political and regulatory information. The company plans to leverage its recent $160 million funding to expand into new international markets and develop advanced technologies. This expansion is bolstered by a notable increase in the usage of their advocacy products and a growing client base, including high-profile organizations like the CDC and AstraZeneca.
Future fundraising opportunities appear promising, given the strong investor confidence and the company's strategic goals. FiscalNote's focus on enhancing its product offerings and securing multi-year deals positions it well for additional investment rounds. However, the company must navigate challenges such as managing rapid demand growth and staying ahead of competitors in the political intelligence space.
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