Understand the financing

Do not simply add the announced figures together

A single funding round is different from cumulative funding, equity from grants, and sales contracts from investment intentions. Check that currency and scope match, and distinguish announcement dates from source-check dates.

Four points to check

1. Who announced it: primary sources from companies, investors or public bodies
2. What the amount covers: a round, cumulative funding, grant or contract
3. How certain it is: completed, conditional, planned or targeted
4. What it funds: research devices, facilities, people, manufacturing or operation

We do not publish unconfirmed company funding amounts or market-wide totals, and we do not recommend investment decisions.