What are the types of Funding Rounds tracked by Tracxn?
Funding Rounds includes the investment activities of different companies. Below type of Funding Rounds are tracked by Tracxn:
Equity : Angel, Seed, Early-stage (Series A,B), Late-stage (Series C+), PE, Pre-IPO, Equity Crowdfunding and Convertible Debt
Debt : Conventional Debt and Venture Debt
Grant : A grant is a form of financial assistance that is provided to an individual, organisation, or company, typically by a government agency or non-profit organisation.
Post-IPO : The financing that a company raises after its IPO.
Initial Coin Offering (ICO) - ICO is a form of funding using cryptocurrencies.
All Funding Rounds on the platform can be explored here.
You can use multiple filters based on geography, sector, investors, and other performance metrics to view the Funding Rounds in interested markets
Sources for funding round names are news articles or the fillings submitted by the company.
Unattributed is the general term used for a round when information regarding the funding type is unavailable.
How to read MGT 7 filing for Funding Rounds?
Learn more about Funding Rounds details from Form No. MGT-7 (Annual Return) of Ministry of Corporate Affairs - India
About Form No. MGT-7 (Annual Return)
The MGT-7 filing is an annual return required under Section 92 of the Companies Act, 2013 for certain companies in India. It provides comprehensive details about a company’s financial activities, shareholding patterns, and key managerial personnel. To understand the funding round amount, you can refer to specific sections in the filing.
How to Know About the Funding Round Amount?
Here is a guide on how to locate the relevant information about the funding round amount in an MGT-7 filing:
Section IV - Share Capital, Debentures, and Other Securities of the Company
This section provides information about the company’s share capital, including the authorized, issued, subscribed, & paid-up capital. It also includes any new issues/changes to share capital, which could indicate the infusion of funds from investors.
Look for any changes in share capital under Break-up of Paid-up Share Capital. If the company raised funds by issuing new shares during the financial year, this would be reflected here. New issues might suggest a funding round.
Any Private Placement/Preferential Allotment would also indicate funding from specific investors.
Section VI - Share Holding Pattern
In this section, you can check the shareholding pattern of both promoters and the public. If there is a change in the shareholding structure, especially under the Public/Other than promoters category, it could indicate external funding or new investors.
Look for the Venture Capital and Body Corporate sections. If shares have been allotted to venture capitalists or other entities, it may point to a recent funding round.
Section VII - Number of Promoters, Members, Debenture Holders
This section provides information on the number of promoters and members at the start and end of the financial year. If new promoters or members have joined, it may indicate a funding round where new investors have taken a stake in the company.
Section VIII - Details of Directors and Key Managerial Personnel
If a new investor has taken a position as a director or has appointed key managerial personnel, it could indicate the involvement of new investors through a funding round.
Changes in the Composition of Board of Directors or Nominee Directors may also point to investor participation in the company.
Section XII - Penalty and Punishment - Details Thereof
Although this section generally deals with penalties or punishments, in some cases, it may include notes on regulatory approvals or penalties related to fund inflows or funding rounds.
How to read MGT 14 filing for Funding Rounds?
Learn more about Funding Rounds details from Form No. MGT-14 (Filing of Resolutions) of Ministry of Corporate Affairs - India
About Form No. MGT-14 (Filing of Resolutions)
Form MGT-14 is a mandatory filing under the Companies Act, 2013, that companies must submit to the Ministry of Corporate Affairs (MCA) to inform the Registrar of Companies (RoC) about resolutions passed by the company. This form typically includes resolutions related to share issuance, alterations in share capital, or other strategic decisions.
How to Know About the Funding Round Amount?
Single Filing for the Funding Round
The Funding Round Amount is calculated as the sum of:
Fresh Issue Amount mentioned under the "Subject Matter of the Resolution."
Offer for Sale (OFS) Proceeds, which represent the value of shares sold by existing shareholders.
For example, in the attached reference image:
Fresh Issue Amount: Rs. 1,500 Million.
- Offer for Sale (OFS): 1,32,00,000 shares × Rs. 2 (face value).
- Total Funding Round Amount = Rs. 1,500 Million + Rs. 264 Million (OFS).
Multiple Filings for the Funding Round
The Funding Round Amount is the aggregate of all amounts specified under "Fresh Issue" and "Offer for Sale" across the filings.
The attached explanatory statements in the 'Attachments' section may also occasionally provide a broad overview of share allocation details.
How to read PAS 3 filing for Funding Rounds?
Learn more about Funding Rounds details from Form No. PAS 3 (Return of Allotment)of Ministry of Corporate Affairs - India
About Form No. PAS 3 (Return of Allotment)
Form PAS-3 (Return of Allotment) is a mandatory form that companies in India must file with the Ministry of Corporate Affairs (MCA) to inform the Registrar of Companies (RoC) about the allotment of new shares. This form includes detailed information about the shares allotted, such as the number of shares, their nominal value, any premium amount, and the particulars of the allottees.
How to know about the Funding Round Amount?
If there is only one Filing added to the Funding Round, then the Round Amount is the Sum of the "Total nominal amount" and "Total premium amount paid". Refer to the highlighted parameters in the image below:
If there is more than one Filings added to the Funding Round, then the Round Amount is the Sum of the Total Nominal Amount and the Total premium amount paid is mentioned in all PAS 3 form linked to the Funding Round.
How do you understand the amount invested by Investors who participated in the funding round?
The "List of Allottees" is a detailed record of individuals or entities to whom shares have been allotted. This list is a required attachment to Form PAS-3 and must contain specific information about each allottee like the number of shares allotted to each individual or entity, nominal value, premium amount etc.
Table B in the "List of Allottees" shows the Number of shares Allotted, and the Total Amount paid by each Investor.
It is possible that the amount invested by an investor in a round is received in tranches,and is present in multiple List of Allottess files.