FiscalNote, a Washington, DC-based global technology company that provides software and political intelligence around legislative and regulatory risk, secured $160m in growth capital and debt financing.
The round was led by Arrowroot Capital and Runway Growth Capital with participation from Carlos Gutierrez (former U.S. Secretary of Commerce), Katharine Weymouth (former Publisher/CEO of the Washington Post), Ron Gula (founder and former CEO of Tenable, NASDAQ: TENB), Tom Monahan (former CEO of CEB, acquired by Gartner for $2.6 billion), Daniel Nadler (founder and former CEO of Kensho, acquired by S&P Global for $550 million), GPO Fund, 8090 Partners, Tech Pioneers Fund, Rise of the Rest, Nautilus Ventures, Voyager Capital, Jipyong, Regal Funds Management, Lakebridge Equity Partners, PGS Korea, Firetrail Investments, Thorney Investments, Escondido Ventures, and Pure Asset Management. They joined Mark Cuban, Jerry Yang, S&P Global Ventures, Visionnaire Ventures, Renren/Softbank, Green Visor Capital, Winklevoss Capital Management, The Economist Group, First Round Capital’s Dorm Room Fund, and New Enterprise Associates (NEA).
The company intends to use the funds to growth capital and newly expanded credit facility to accelerate further development of technologies and services to meet increasing demand for broader and deeper regulatory information, drive additional strategic acquisitions, expedite expansion into new international markets, and refinance existing debt.
Led by Founder & CEO Tim Hwang, FiscalNote is a global technology company focused on delivering relevant political and regulatory intelligence in a complex and evolving world. More than 4,000 clients worldwide use FiscalNote for legislative and regulatory data, policy news & analysis, stakeholder management, collaboration and advocacy tools.
Current clients include the U.S. Centers for Disease Control and Prevention, the Federal Reserve Board, 3M, AstraZeneca, and the American Hospital Association, among other over 4,000 organizations.
The company also has offices in the US, Belgium, India, and Korea.