WASHINGTON – FiscalNote, a technology startup building a revolutionary platform for analyzing government risk, today announced $10 million in Series C funding. This brings the two year old company’s total funding to over $30 million.
Leading the funding were Visionnaire Ventures and Green Visor Capital. Participating investors included New Enterprise Associates, co-founder and former CEO of Yahoo! Inc. Jerry Yang, Mark Cuban, 645 Ventures, Renren, Plug and Play, SF Capital, Perle Ventures and Conversion Capital.
“Through their proprietary code, the FiscalNote team has rapidly scaled a platform that generates actionable insights drawn from the parsing of millions of regulatory and legislative actions for the benefit of investor, compliance and legal professionals. Our team at Green Visor is excited to further our partnership with Tim and his colleagues,” said Simon Yoo, founder and managing partner of Green Visor Capital.
“We are thrilled to partner with FiscalNote as they build the industry’s next generation platform to unlock legislative and regulatory data with best in class analytics, insights and predictions,” said Keith Nilsson, co-founder and managing partner of Visionnaire Ventures. “The company’s evolution into government affairs and other data segments is equally as exciting.”
The announcement comes just weeks after FiscalNote CEO Tim Hwang was named one of Forbes’ 30 Under 30 in the law and policy field this year.
“Since the start of the company, FiscalNote’s goal has been to build the world’s most powerful platform for analyzing government risk – a platform that organizations around the world rely on for accurate information and beautiful design,” Hwang said. “We’re thrilled to continue our story of growth and making our customers successful every single day.”
FiscalNote is recognized for its powerful legislative searching, tracking, and forecasting platform as well as its federal and state regulations data and analytics. FiscalNote is the first government risk platform to offer a mobile application, allowing users to access and analyze every bill at every stage from all fifty states, D.C. and Congress on their phones. All these offerings tie to the company’s mission – empowering organizations to take control of their government strategy.
FiscalNote plans to use the Series C to continue to grow its client base, expand internationally, and move towards building out its compliance and legal product lines. Today’s announcement comes exactly one year to the day of their Series B announcement in 2015.
FiscalNote’s current product suite is used by a growing client base that includes Southwest Airlines, Aetna, Lyft, the Democratic Governors Association, VMWare, Planned Parenthood, Purdue Pharma, the University of Virginia and the Natural Resources Defense Council.
Founded in 2013, DC-based FiscalNote aims to unlock open data and make it useful across industries by leveraging cutting-edge artificial intelligence and beautiful design to connect organizations to the information they need. The platform automatically aggregates and standardizes legislative data from across the U.S., while also forecasting legislative outcomes with more than 94 percent accuracy. In providing mission-critical products for every organization, FiscalNote hopes to foster a more transparent political and legal system in the process.
Visionnaire Ventures is a global technology investment firm focused on visionary people and ideas that can become world-class, market-leading companies. Based in San Francisco, California, with unparalleled global access, the team seeks out and funds innovative businesses anywhere in the world that are leveraging technology to evolve and create new Internet and mobile experiences. With the ability to fund companies across all stages from seed to growth, Visionnaire Ventures is focused on key market segments where novel ideas have the ability to become sea changes for people everywhere.
Green Visor Capital is one of the few venture capital firms focused exclusively on investing in financial technology (“FinTech”) companies. They are headquartered in San Francisco, with partners in New York and Hong Kong. Green Visor Capital backs passionate founders that use innovative technology to solve substantive problems in financial services, and who do so in a socially responsible way.