FiscalNote's $10 million Series C includes some impressive investors - Technical.ly DC

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Feb. 4, 2016 12:18 pm

FiscalNote’s $10 million Series C includes some impressive investors

The two-year-old civic tech company has now raised more than $30 million total. “We're just going to continue doing what we're doing,” CEO Tim Hwang told Technical.ly.

The FiscalNote team at work during President Obama's final SOTU.

(Photo via Twitter)

FiscalNote is something of a superstar on the civic tech side of #dctech these days.

The two-year-old startup that analyzes government risk was mentioned recently in the inaugural GovTech100. Just before that, CEO Tim Hwang made Forbes’ 30 Under 30 in the law and policy section (he’s 23). In September 2015 the young company made its first acquisition.

And now, on Tuesday, the company announced that it has raised a $10 million series C, bringing total funding up to $30 million. The funding round was led by Visionnaire Ventures and Green Visor Capital, with participation by New Enterprise Associates, Yahoo cofounder Jerry Yang, Dallas Mavericks owner Mark Cuban, 645 Ventures, Renren, Plug and Play, SF Capital, Perle Ventures and Conversion Capital.

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So what’s ahead for FiscalNote?

“We’re just going to continue doing what we’re doing,” Hwang told Technical.ly.

Asked whether the influx of cash meant more acquisitions or more homegrown products, Hwang was vague. The good thing about raising this much money, he said, is that “you are given a lot of options.”

FiscalNote now has around 100 employees, Hwang said, about a fifth of whom are based out of the company’s rapidly growing New York office. While the company has global aspirations, at least in terms of the service they provide, Hwang said they’re happy to call D.C. home.

Learn more about Hwang and the background of FiscalNote in this Technical.ly profile from August.

Organizations: FiscalNote
People: Tim Hwang
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