I'mBoard API Docs

Target gross capital the company intends to raise in the currently active round (the "ask"). This is the headline number the CEO walks investors through and the board uses to sanity-check dilution and runway implications. Note the distinction from `total_round_size` (which can include third-party participation beyond the company-led ask) and from `minimum_close_amount` (the floor at which the round can close). Common pitfall: the target is updated mid-process when investor demand or strategy shifts — every change deserves a board note. — Fundraising KPI, I'mBoard-authored (editorial tier).

I'mBoard-authored (editorial tier)

No public third-party standard anchors this KPI yet, so I'mBoard authors and maintains the definition — transparently labeled as editorial tier. See the ontology methodology for the published vs editorial tier system and the back-attribution workstream.

Rogue ID: fundraising.target_raise Type: Currency Domain: Fundraising

Definition

Target gross capital the company intends to raise in the currently active round (the "ask"). This is the headline number the CEO walks investors through and the board uses to sanity-check dilution and runway implications. Note the distinction from total_round_size (which can include third-party participation beyond the company-led ask) and from minimum_close_amount (the floor at which the round can close). Common pitfall: the target is updated mid-process when investor demand or strategy shifts — every change deserves a board note.

Formula

Plain currency target — no derivation. Distinct from `total_round_size` (which may include strategic / employee allocations beyond the lead ask) and `minimum_close_amount` (the floor for the round to close).

Why it matters

Defines the contract between management and the board for this round — every downstream KPI (round_completion_pct, founder_dilution, runway extension) is calibrated against it.

How to interpret

Compare against stage norms (per Carta / PitchBook quarterly reports): pre-seed $0.5–3M, seed $2–5M, Series A $8–20M, Series B $20–60M. A target significantly above stage norm warrants extra board scrutiny on burn assumptions and investor fit.

Calculation policy

How an AI agent should compute this KPI from messy company data. Free-text rules consumed at reasoning time — not a deterministic DSL. The most common ways to get this wrong are listed under Common miscomputations.

Inclusion rules

The headline gross capital the company intends to raise in the currently active round — the "ask" the CEO walks investors through.
A single management-set target figure for one round; gross (pre-fees), in the round's reporting currency.

Exclusion rules

Not total_round_size (the final all-participant round figure used in post-money math) — the target is intent and can move mid-process.
Not minimum_close_amount (the floor at which the round can legally / strategically close) — the target is the aim, not the worst case.
Not committed_amount or total_received — those are progress against the target, not the target itself.
Prior rounds' targets — this is the active round only.

Required inputs

The board-agreed target for the active round.
Round currency.
Date the target was last revised (every change deserves a board note).

Data-source priority

The board-approved fundraising plan / round kickoff memo.
The CEO's current investor deck "ask" slide as a fallback — reconcile against the board-approved figure.

Edge cases

Mid-round target revisions: when demand or strategy shifts, the target moves — flag the change explicitly so round_completion_pct is not misread as new progress.
Target expressed as a range by management: record the point the board is tracking to (typically the midpoint) and footnote the range.

Validation checks

target_raise ≥ minimum_close_amount — the ask cannot be below the floor.
Compare to stage norms (pre-seed $0.5–3M, seed $2–5M, Series A $8–20M per Carta / PitchBook): a target far above stage norm warrants extra burn-assumption scrutiny.

Common miscomputations

Reporting total_round_size as the target — the round size is final and feeds valuation math; the target is the moving aim.
Quoting committed_amount as the target once commitments arrive — conflates progress with the goal.
Silently changing the target and letting completion-% jump without a board note.

fundraising.committed_amount
fundraising.total_round_size
fundraising.minimum_close_amount
fundraising.round_completion_pct
fundraising.founder_dilution

Source

I'mBoard editorial — authored and maintained by I'mBoard, first published 2026-04-01. No third-party standard is cited for this KPI; when one emerges, the definition is back-attributed and promoted to the published tier (a minor version bump). Read the ontology methodology for the published vs editorial tier system, attribution rules, and dispute process.