FiscalNote is an AI-driven policy and regulatory intelligence company. Its flagship platform, PolicyNote, combines legislative tracking, regulatory analysis and AI-powered monitoring with the reporting of CQ and Roll Call and the VoterVoice grassroots-advocacy tool, serving corporations, governments and nonprofits. Founded in 2013 by Timothy Hwang, Gerald Yao and Jonathan Chen, it went public in July 2022 through a merger with Duddell Street Acquisition Corp. Its NYSE listing was removed in April 2026 and the shares now trade over the counter as NOTE. Since 2025 it has sold Oxford Analytica, Dragonfly, TimeBase and FrontierView.
FiscalNote is publicly traded
This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2013
Employees
201–500
Total Funding
$250.2M
8 rounds
Last Private Valuation
$1B
Sep 1, 2018
Delisted from NYSE, in default on subordinated debt; forbearance with creditors extended to Aug 22, 2026 amid going-concern doubt
Distress: equity and debt value at risk; liquidity highly uncertain
Board and CEO Josh Resnik agreed his departure eff. Jun 26, 2026; director Key Compton named President & CEO eff. Jun 22, 2026.
Leadership turnover during financial distress adds execution/going-concern risk for holders.
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Rounds in grey italics are unconfirmed.
Total raised $250.2M across 8 rounds
Last updated 10-11-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Nov 7, 2021 | PIPE alongside SPAC Press release | $100M | $1.3B | Maso Capital |
| Dec 4, 2020 | Growth (debt + equity) | $160M | — | |
| Sep 1, 2018 | Series E (Unicorn round) | $40M | $1B |
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Bloomberg Government (BGOV)
Subscription policy/legislative intelligence platform from Bloomberg L.P. focused on U.S. federal government news, bill tracking, lobbying, and analytics; a primary head-to-head competitor with FiscalNote's CQ Roll Call and core policy products.
Quorum
Public affairs and stakeholder-engagement SaaS for legislative tracking, grassroots advocacy, and PAC/lobbying workflows; widely cited as FiscalNote's most direct public-affairs-software rival.
Thomson Reuters
Provides legal, tax, regulatory, and news products (Westlaw, Practical Law, Checkpoint) that overlap FiscalNote's regulatory/compliance intelligence offering, particularly in regulated industries.
LegiStorm
Congressional and state lobbying intelligence platform combining staff/contact directories, lobbying disclosures, and bill tracking; positioned as a lower-cost U.S.-focused alternative to FiscalNote and BGOV.
Plural Policy (formerly OpenStates/Phone2Action lineage)
Modern legislative tracking and advocacy platform with strong state-level coverage; an emerging competitor in the public affairs SaaS category.
POLITICO Pro
Premium subscription policy news, bill tracking, and analytics product from POLITICO; competes with CQ Roll Call (a FiscalNote brand) and FiscalNote's policy intelligence for Washington-focused subscribers.
FiscalNote went public on July 29, 2022 through its merger with Duddell Street Acquisition Corp. at a pro forma equity value of about $1.3B and listed on the NYSE as NOTE. The NYSE suspended trading on March 25, 2026 and delisted the stock on April 13, 2026; shares now trade over the counter as NOTE and the company remains SEC-reporting. The delisting triggered defaults on its subordinated convertible notes, held under forbearance agreements through August 22, 2026, and its Q2 2026 10-Q reports substantial doubt about its ability to continue as a going concern while it sells non-core assets (FrontierView, August 2026) and negotiates with lenders.
FiscalNote shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.
FiscalNote had a valuation of approximately $1B at the time of its public offering. Current market capitalization fluctuates with the share price.
FiscalNote raised $250.2M across 8 disclosed funding rounds prior to its public listing.
FiscalNote was co-founded by Tim Hwang, and Gerald Yao in 2013.
FiscalNote is headquartered in Washington, DC, USA.
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