> For the complete documentation index, see [llms.txt](https://docs.unlocks.app/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.unlocks.app/features/token-page/fundraising.md).

# Fundraising

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This feature is only available to **Pro** users.
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## Overview

A project’s fundraising history reveals who backed it, how much was raised, and at what valuation. This serves as a window into **investor conviction** and **private-market expectations**. Additionally, comparing those early benchmarks to today’s valuation shows **whether a token trades at a discount**, **fair value**, or **premium**.

Tokenomist standardizes this view, combining rounds, valuations, entry prices, and investors into a single dashboard.

<figure><img src="/files/q7izTGJmwWfpjDl4uiPE" alt=""><figcaption></figcaption></figure>

## Accessing Token Fundraising

Within each token profile, the **Fundraising tab** provides a complete breakdown. Additionally, clicking into a token from the [Fundraising Screener](/features/fundraising-screener.md) will lead to this page.

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## How to Use Token Fundraising

At the top, you’ll find a fundraising overview with total capital raised and the stages of each round. Alongside this, a valuation chart compares **total raised**, **current market cap**, and **fully diluted valuation (FDV)**, showing how the token stacks up against amounts originally committed by investors.

Below, the **Funding Rounds table** details every raise. Each row can be expanded to reveal additional participants, so you can follow the network of backers round by round.

Additionally, the **All Investors** view aggregates every participant, showing who invested once, who doubled down in later rounds, and who continues to have exposure across stages.

{% embed url="<https://files.gitbook.com/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FAiV8rQPRMYfCyYrQgX5Q%2Fuploads%2FRgYWcFGZymtSN3Z0wsoR%2Ftoken-page-fundraising.mp4?alt=media&token=d9acdbce-b419-4226-97f6-8ce4f5bd43ec>" %}

## Why It Matters

Fundraising data provides transparency into what investors saw in the project and at what price they were willing to commit.

Understanding fundraising rounds helps manage risk. If large allocations were sold at low entry prices, those tokens may eventually come to market once lockups expire, creating potential sell pressure. On the flip side, strong investor alignment across multiple rounds can be a signal of long-term sustainability.

## Where To Next?

* Learn more about our [Supply Metrics](/methodology/supply-metrics.md) to understand how we define supply related terms.
* Check out the [Fundraising Screener](/features/fundraising-screener.md) to see an overview of fundraising projects across categories.