Who got funded? This question is so popular these days so much that there are entire websites and platforms that will give you the details about who got funded by who, how much, when, other companies they’ve funded and so on. Who would’ve thought that would be a business model in and of itself? Well, if you think about the nosey (say curious instead) nature of humans, it’s no surprise that a simple idea that involved sharing other people’s (somewhat personal) information with the world could be so profitable. The paparazzi figured this out a long time ago…..
3 Most Common Funding Sites
Here are the 3 most common sites to find out funding information on various companies as well as the people who funded them:
You can also read TechCrunch and find out the latest funding that’s been publicized. Keep in mind that many companies get funded and keep details of it private. In this case, it may be challenging or entirely impossible to find out any information on the internet.
Say Hello to Edgar
Another source of finding the information on the funding of various companies, startup and more established, is to check Edgar. No, Edgar is not that all-knowing, omniscient startup funding God—it is the arm of the SEC (the U.S. Securities Exchange Commission) that collects data disclosure for publicly traded companies. Although it’s not required for private companies to abide by the exact same rules as public ones, many will publicly submit a Notice of Exempt Offering of Securities (Rule 506B of Regulation D (Form D)). Rule 506 of Regulation D is considered a “safe harbor” for the private offering exemption of Section 4(a)(2) of the Securities Act. Companies relying on the Rule 506 exemption can raise an unlimited amount of money (nice right?!?!).
So for those of you who want to see who got funded, this information will give you a start. Please note, you can literally snoop around for hours so set a timer, snoop, then get back to work! Don’t waste too much time on it. If you’re really motivated to remain updated on who got funded, put it on your calendar and carve out one day a month to spend one hour on this task. If you plan for it, it won’t overly consume you.
Have questions? Submit them below.