State Affairs
PrivateLast Round
Early Funding
Jul 14, 2026
Total Funding Raised
$73.5M
Momentum
Top 25%
of companies Caplight tracks
Company Overview
State Affairs is a media and technology company that provides nonpartisan state-level policy news, investigative reporting, and AI-powered legislative intelligence software for government affairs professionals.
Sector
Media, Entertainment & Gaming
Verticals
News & Media, Digital Publishing, Digital Advertising
Business Model
B2B
Customer Profile
Subscription SaaS, Data as a Service
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
State Affairs Comps
Public and private peers based on sector, stage, and business model.
| Company | Status | Est. Valuation | Rev Multiple |
|---|---|---|---|
| OpenAI | Private | $86.0B | ~40x |
| Cohere | Private | $5.0B | -- |
| Competitor 1 | Public | $XX.XB | XXx |
| Competitor 2 | Public | $XX.XB | XXx |
State Affairs Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Early Funding | Jul 14, 2026 | ||||
| M&A | Jul 20, 2023 | ||||
| Seed | Oct 19, 2022 |
State Affairs Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Tru Arrow Partners | Early Funding |
| Khosla Ventures | Early Funding |
| Perceptive Ventures | Seed |
| Night Ventures | Seed |
| Founders | Early Funding |
| Western Technology Investment | Seed |
| Alumni Ventures | Early Funding |
Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 17, 2026
Monthly visitors increased 40% month-over-month.
- Mar 8, 2026
Grew 16% QoQ, from 129 to 149 employees.
State Affairs Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about State Affairs's valuation, stock price, and market status.