I'mBoardDocs
Board OntologyFundraising

Total Received

Cash that has actually been wired and cleared the company's bank account from investors in the current round. This is the cash-in-the-bank version of `committed_amount`. Common pitfall: commitments do not pay the bills — wiring can lag commitments by weeks to months for the second / third closes, and a committed-but-not-received delta of $5M+ can quietly extend the runway forecast incorrectly. Reconcile this against `finance.total_cash_in_bank` increases each period. — 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.total_received Type: Currency Domain: Fundraising

Definition

Cash that has actually been wired and cleared the company's bank account from investors in the current round. This is the cash-in-the-bank version of committed_amount. Common pitfall: commitments do not pay the bills — wiring can lag commitments by weeks to months for the second / third closes, and a committed-but-not-received delta of $5M+ can quietly extend the runway forecast incorrectly. Reconcile this against finance.total_cash_in_bank increases each period.

Formula

Sum of investor wires received and cleared in the current round. Always less-than-or-equal-to `committed_amount`; difference equals "to-be-wired" balance.

Why it matters

The only line of capital the company can actually deploy — runway forecasts based on committed_amount rather than total_received are aspirational, not operational.

How to interpret

A widening gap between committed_amount and total_received past the first close warrants a follow-up — wiring delays beyond 30 days from signature increasingly correlate (per founder postmortems published on First Round Review) with investor regret or strategic shifts.

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

  • Cash that has actually been WIRED and CLEARED the company's bank account from investors in the current round.
  • The deployable, operational version of the round — the only capital runway forecasts may legitimately rely on.

Exclusion rules

  • Committed-but-not-wired capital — committed_amount minus total_received is the "to-be-wired" balance, not received.
  • Soft commitments and pipeline interest.
  • Prior-round capital already in the bank (reflected in cash balances / total_capital_raised, not this round's received).

Required inputs

  • Per-investor wires received and cleared in the current round.
  • Wire dates (to measure commitment-to-cash lag).
  • The current committed_amount to compute the outstanding balance.

Data-source priority

  • Bank statements / treasury ledger (cleared wires).
  • Closing agent / counsel confirmations as a fallback before the bank feed updates.

Edge cases

  • Multiple closes: wiring for the second / third close can lag commitments by weeks to months — report received as of the period, not as of commitment.
  • A committed-but-not-received delta of several $M can quietly overstate runway — reconcile received against finance.total_cash_in_bank increases each period.
  • FX on a cross-border wire: record the cleared reporting-currency amount, not the quoted commitment amount.

Validation checks

  • total_received ≤ committed_amount always.
  • Period-over-period increase in finance.total_cash_in_bank from financing ≈ total_received for the period (net of fees).

Common miscomputations

  • Treating committed_amount as received and building operational runway on aspirational capital.
  • Counting a signed subscription doc as received before the wire clears.
  • fundraising.committed_amount
  • fundraising.target_raise
  • finance.total_cash_in_bank
  • finance.runway_months

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.

Stage relevance

Company stagePriority
Pre-SeedCore
SeedCore
Series ACore
Series BCore
Series C+Core

Suggested for stages: Pre-Seed, Seed, Series A, Series B, Series C+.

Default owning functions

  • Finance

Machine-readable

On this page