Capabilities and limits · updated August 5, 2026
What this dataset contains, how each figure is produced, and what it cannot reach
This page is written to be checked rather than believed. Each capability below names the mechanism that produces it, and the limits section states the deal shapes public filings do not reach at all.
Contents, as built
| Measure | Value | How to verify it |
|---|---|---|
| Observations | 7,412 | Row count of the published corpus file. |
| Companies | 933 | Distinct issuers with at least one attributed row. |
| Source filings | 828 | Distinct SEC accession numbers cited. |
| Reporting funds and issuers | 182 | Distinct filers whose filings supplied a row. |
| Coverage window | 2021-01-13 to 2026-07-17 | Minimum and maximum as-of date across all rows. |
| Rows carrying an accession number | 7,412 of 7,412 | Open any company page and follow the link on any row. |
| Rows not attributed to a named company | 79 | Present in the corpus file, excluded from company pages because the filer's own record did not resolve to a name. |
The mechanisms
1. Fund marks, from Form N-PORT (4,680 rows)
Registered investment companies file Form N-PORT for each month of every quarter, disclosing each
portfolio holding with its fair value in US dollars and the balance held. When a fund holds shares in a
private company, that private holding is reported on the same schedule as its public ones. The
per-share figure published here is the reported valUSD divided by the reported
balance, and both source numbers are printed on the row so the division can be repeated.
This mark is the filer's fair-value determination, made under its own valuation policy and reviewed by its board. It is not a transaction. Where several funds report the same company on the same date, every mark is carried separately.
2. Priced rounds, from S-1 charter exhibits (784 rows)
A company registering shares for public sale files its amended certificate of incorporation as an exhibit. That charter defines the "Original Issue Price" of each preferred series, which is the price per share at which that series was actually issued. Reading the charter therefore recovers the round history of the company up to the filing, series by series.
The figure is the issue price at the time of that series. It does not reflect later adjustments, anti-dilution resets, or secondary sales, and a company that never files an S-1 never contributes here.
3. Lender marks, from BDC schedules of investments (1,938 rows)
A business development company files a schedule of every investment it holds with its annual report, each position carried at fair value. Most of a BDC's book is debt, and the fair value of a loan says what the lender expects to be repaid rather than what the borrower is worth, so no debt position appears here. The rows carried are the EQUITY positions: where a BDC reports a share count and a fair value for preferred or common stock in a private company, the two divide to a per-share mark of the same kind Form N-PORT produces.
This rail reaches companies the fund rail does not, because a BDC arrives at a company through a credit relationship rather than a growth-equity allocation. Warrants, LP interests and any position whose security type is not an explicit share class are excluded, since a warrant's value per unit is an option value and not a share price.
4. Transaction multiples, from Rule 3-05 financial statements (10 rows)
An acquirer whose acquisition passes the significance thresholds in Rule 3-05 of Regulation S-X must file audited financial statements of the acquired business. Setting the target's audited revenue against the consideration disclosed for the deal produces an enterprise-value-to-revenue multiple where both inputs are drawn from the same filing.
Because the obligation only fires above a significance threshold, this rail systematically excludes small acquisitions, and its row count is small by design rather than by omission.
Two tiers, labelled on every row
Every row carries one of two labels, and the label is part of the data rather than a footnote.
- VERIFIED The figure appears in the filing as a reported field or a defined term, or is arithmetic over two such fields. 7,406 rows.
- REPORTED The figure is derived from filed statements that required extraction and adjudication rather than a single field, and the row records that grading. 6 rows.
No row anywhere in this corpus is derived from an estimated revenue figure. Where revenue is used, it is audited revenue filed with the Commission.
Limits: what public filings structurally cannot reach
These are properties of the filing regime, not gaps waiting to be filled by more crawling.
- Rounds with no registered-fund holder and no later S-1 are invisible. Most seed and Series A financings fall in this category. Absence of a company here says nothing about that company.
- Secondary and tender prices are not covered. Employee tenders and secondary-market trades are not reported through any of these rails.
- Marks are quarter-end and lagged. Form N-PORT is filed within 60 days of quarter end, so the newest mark describes a date already past.
- A mark is an estimate by the filer, not a price. Different funds reach different values for the same company on the same day, which is visible here rather than smoothed away.
- The transaction rail is biased to larger deals by the Rule 3-05 significance test.
- Charter prices are issuance prices. They do not carry post-issuance adjustments.
- Coverage is not a census. 933 companies is the reach of these 4 rails, not the size of the private market.
- 79 rows could not be resolved to a company name because the filer's own record was malformed. They remain in the corpus file and are excluded from company pages.
Access and reuse
- Every company page is free to read and requires no account.
- Each row links to the filing on SEC EDGAR, so any figure can be re-read at its source.
- Source filings are public records. This site adds extraction, normalisation, and provenance.
- Any figure here may be reproduced in a client deliverable, a valuation report, a memo or a model, with no separate licence from us and no per-use fee. That is a property of the source rather than a concession: filings on EDGAR are US government records in the public domain, and a figure read out of one carries no redistribution restriction. Attribution is appreciated and is not required; citing the accession number is more useful to your reader anyway, because it lets them check the number themselves.