AfterRaise/Guides/Where our funding data comes from, and where it stops

For anyone relying on the numbers

Where our funding data comes from, and where it stops

The sources, the rules, the conversions, and an honest account of what this dataset does not cover.

Updated 1 September 2026

AfterRaise holds every disclosed funding round of five million dollars or more that our sources report, across the United States, the United Kingdom and Europe, rebuilt every morning. Here is exactly how, including the limits.

How a round gets in

  • It is announced publicly and reported by a source we read. Every round on the site links to that report.
  • The amount is disclosed. Rounds with undisclosed amounts are excluded by design rather than estimated.
  • It is an operating company raising, not an investment fund closing. Fund closes are filtered out.
  • It converts to at least five million US dollars.

How the numbers are handled

Amounts announced in other currencies are converted using European Central Bank daily reference rates for the announcement date, not today's rate, so a figure does not drift after publication. Valuation clauses are stripped before the raise amount is read, so a company that raised 100 million at a 2 billion valuation is recorded as raising 100 million.

When a headline and the body of the same report disagree on the amount, we take the figure from the body and log the conflict for review rather than silently choosing one.

What this dataset does not cover

  • Undisclosed rounds. If no amount was published, it is not here.
  • Rounds below five million dollars.
  • Rounds reported only in currencies our parser does not read.
  • Coverage outside the US, UK and Europe.
  • Anything not yet announced. We hold no confidential information and want none.
Treat this as a strong sample, not a census. Coverage is thinner in Europe than in the United States, and any single publisher misses rounds. If a round is wrong or missing, tell us at info@afterraise.com and we will fix it. Corrections are free and do not require an account.

What we infer, and how it is labelled

Some things on the site are derived rather than reported: likely next moves, signal clusters, momentum bands. Everything derived carries an Inferred chip and the words "not a statement of fact". We never attach an inference to a real company as though the company said it.

Next

Do the thing this guide describes.