Data
How Indexed.vc data is built
What we accept as evidence, what we refuse to guess, and how rankings and reports are assembled.
Sources
Our research standards require evidence from sources such as the company's own website, its LinkedIn organization page, a press release or wire announcement, a regulatory filing (for example SEC Form D or SBIR award records), or an investor's published portfolio. Search-result snippets, third-party summaries, and model memory are not sources. Where a profile cites a press announcement, its link is available in the detailed funding history, which may require an account. Historical records can have missing citations or errors; coverage is not a guarantee that every field has been independently verified.
What is never inferred
- Funding amounts are recorded only when a source states them. An unknown amount stays blank; it is never estimated from a headline or a valuation.
- Amounts are stored in whole US dollars. A round announced in another currency keeps its native amount, and is converted only when a source states the USD figure.
- Founding years, headquarters, headcount bands, and industries come from a page that states them. An accelerator batch date is not a founding date.
- Acquisitions, IPOs and shutdowns require a source naming the event. A parked domain or a stale website is not evidence of closure.
- Technology and tool usage is recorded only from first-party evidence such as job postings, engineering pages, or attributed case studies — never from what a product integrates with.
Verification before publication
Our current research workflows use deterministic gates: field validators (URLs, enums, taxonomy, dates, currency), a grounding check that every number, month, and named claim in a description appears verbatim in the quoted source text, and a provenance check that re-fetches each cited page and confirms the quote is on it. A sample of every batch is then independently re-read against its sources; a batch whose sample fails is reviewed in full, and any record with an unsupported claim is withheld rather than published with the claim removed silently.
Identity is resolved on durable anchors — canonical domains and LinkedIn organization identifiers — before names. Our admission rules prohibit merging companies or attaching rounds on a name match alone. Historical identity errors require a separate review and repair.
What funding totals mean
Company funding totals sum recorded qualifying amounts in USD. They include equity rounds, grants, convertible notes, SAFEs, corporate rounds and private-equity funding. They are not equity-only totals. A corporate round describes the recorded funding category, not proof of a different financial instrument.
Acquisition prices, secondary sales, tender offers, IPO proceeds and debt-financing events do not count toward company funding totals. Valuations describe a company's value, not money raised. Missing amounts and unsupported currency conversions do not add to a USD total; a recorded total is not proof that a company's entire history is covered.
Ranking eligibility and funding totals are separate: excluding companies whose latest round is a grant does not remove earlier grants from the qualifying companies' totals. Each ranking states its filters; the funding figure remains the company's recorded total.
Rankings and reports
Each ranking states its filter and its ordering rule on the page: which sectors, countries, or funding stages it includes, and whether rows are ordered by disclosed total funding or by most recent announced round. Only companies whose funding is disclosed can rank by funding. Every row links to the profile with its funding summary and available detail. Source links are part of the detailed funding history and may require an account. The date shown on a list is the newest change to any company on it, not the time the page was rendered.
Reports are aggregates over the same records — totals, stage mixes, sector and geography cuts, investor league tables. Live reports refresh from current records; published datasets can instead be dated snapshots with their own scope and methodology. Check the report's stated period and snapshot date before comparing it with a current profile or ranking.
Coverage and freshness
Coverage grows through observed demand — what people search for, look up, and ask us to add — and through discovery from investor portfolios, filings, and announcements. Update dates describe changes to a record; they do not mean that every fact was re-verified on that date. Coverage and freshness vary by field. Unresolved identity and evidence gaps are reviewed before new research is admitted.
Corrections
Anyone can submit a company or report a correction. Corrections are applied through the same evidence gates as new research: a change needs a source stronger than the one already cited.