VS PREQIN

Preqin Tracks Funds. FlareSight Tracks the Round the Day It Files.

Preqin is an institutional private markets platform built for LPs, fund managers, and allocators. FlareSight is a funding signal: it reads SEC Form D filings the moment they post, surfacing newly funded US companies within hours of closing. Know which companies just raised before the enrichment pipeline starts.

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FlareSight vs Preqin

They serve different markets. Here is where they differ on the dimensions that matter for funding discovery and deal sourcing.

Feature
FlareSight
Preqin
Primary purpose
Funding discovery: find US startups that just raised
Institutional private markets data: PE, VC, hedge funds, real assets
Data source
SEC Form D filings (government-mandated, primary source)
Fund manager submissions, LP databases, proprietary enrichment
Speed to discover
Hours after SEC filing acceptance
Days to weeks after disclosure or enrichment cycle
Coverage
120,000+ US companies from Form D, including unannounced rounds
Global private markets: deep on PE/VC funds, LPs, and benchmarks
Price
Free tier available; paid plans from $39/mo
Custom enterprise pricing (quote only, verified preqin.com, May 2026)
Free tier
Yes, no credit card required
No self-serve free tier
Target user
Sales, BD, and VC teams tracking newly funded US companies
LPs, fund managers, institutional allocators, investment consultants
Bridge rounds / SAFEs
Indexed when Form D is filed
Rarely surfaced; focus is on closed fund vehicles
Fund performance data
Not available
Core product strength: benchmarks, IRR, DPI, TVPI by vintage
LP contact data
Not available
Deep LP database covering institutional investors globally
International coverage
US only (Form D is a US SEC requirement)
Global private markets coverage
Self-serve access
Yes, start free today at flaresight.org
Sales-led only; demo required before access

Why deal teams add FlareSight alongside Preqin

120K+
US companies in the database

The rounds Preqin enriches days after you already know

Preqin sources venture data from fund manager submissions and enrichment pipelines. FlareSight reads the Form D the moment it hits the SEC. 120,000+ US companies indexed, including quiet rounds institutional platforms never see.

Hours
From SEC filing to FlareSight

Act inside the 30-day buying window

Companies allocate budgets most aggressively in the first 30 to 90 days after a round closes. Preqin's venture data arrives after enrichment lag. FlareSight indexes within hours of SEC acceptance. The window starts the day the Form D files.

Free
To start, no credit card

No enterprise contract, no demo required

Preqin requires an enterprise quote before you see a single record. FlareSight has a free tier. Start searching newly funded US companies today, with no sales call and no annual commitment.

Other Preqin alternatives

FlareSight is one option. Here is how it sits relative to other tools in the private markets and funding discovery space.

PitchBook

Comprehensive private and public market data platform.

Best for: VC analysts, PE deal teams, and investment bankers researching global deal flow.

Where they win: Deep company profiles, deal terms, cap table data, and analyst research covering global markets with academic licensing options.

vs. FlareSight: FlareSight indexes US Form D filings within hours. PitchBook surfaces the same rounds days later after enrichment. For time-sensitive outreach to newly funded US companies, FlareSight is the faster starting point.

CB Insights

Market intelligence platform with analyst-curated research on startup ecosystems.

Best for: Strategy teams, corporate venture arms, and market researchers tracking sector trends.

Where they win: Analyst reports, Mosaic Scores, competitive benchmarks, and curated market maps that give qualitative context beyond raw deal data.

vs. FlareSight: CB Insights tells you what the market looks like. FlareSight tells you what closed this week. For teams that need to act on a funding event within 72 hours of filing, FlareSight provides the signal first.

Crunchbase

Global startup and investor database, the legacy standard for funding research.

Best for: Investors, analysts, and researchers tracking global deal flow.

Where they win: Broad global coverage, investor relationship graphs, acquisition tracking, and historical depth.

vs. FlareSight: FlareSight is faster on US funding discovery (hours vs. days) and indexes quiet rounds that Crunchbase never sees. An estimated ~90% of seed rounds get no top-tier press coverage.

Tracxn

Startup intelligence platform with sector-level taxonomy and deal flow.

Best for: Corp-dev teams and VCs tracking sector-specific deal flow across global markets.

Where they win: Deep sector taxonomy, coverage of 7M+ companies globally, and a deal-flow CRM for tracking opportunities through an investment pipeline.

vs. FlareSight: FlareSight reads the US government's primary source. For US early-stage rounds, FlareSight sees them the day the Form D files. Tracxn's strength is breadth and sector depth, not filing-day speed.

FactSet

Financial data and analytics platform for institutional investment workflows.

Best for: Buy-side analysts, portfolio managers, and investment banks that need integrated financial data.

Where they win: Deep public market data, earnings estimates, portfolio analytics, and Excel integration used in institutional investment workflows.

vs. FlareSight: FactSet is built for institutional finance workflows. FlareSight is built for finding which US startups just raised, at a cost accessible to early-stage investors and sales teams.

How to evaluate a Preqin alternative

Private markets data platforms serve different workflows. Six criteria separate the ones that fit your team from the ones that do not.

Institutional vs. startup workflow
Preqin is built for institutional private markets workflows: benchmarking fund managers, sourcing LP commitments, tracking private equity performance across vintage years. FlareSight is built for one thing: finding which US startups filed a Form D this week. If your workflow is the former, Preqin. If it is the latter, FlareSight.
Budget access point
Preqin requires a sales conversation and an annual enterprise contract before you can search a single record. FlareSight has a free tier with no credit card. For smaller teams and individual researchers, the access model alone often decides the choice.
Signal timing
Companies spend most aggressively in the 30 to 90 days after a round closes. Preqin sources venture data from fund manager submissions and enrichment pipelines that introduce lag. FlareSight reads the Form D directly within hours of SEC acceptance, giving you the signal at the beginning of the buying window rather than after it has narrowed.
Coverage of quiet rounds
An estimated ~90% of seed-stage rounds receive no top-tier press coverage. Preqin's venture coverage concentrates on larger, more visible rounds backed by institutional funds. FlareSight reads the Form D regardless of press coverage or fund visibility. If a company filed, FlareSight has it.
US focus vs. global breadth
Form D is a US SEC filing requirement. FlareSight's coverage is US-only by design. If your workflow requires European, Asian, or Latin American deal flow, Preqin covers those markets and FlareSight does not. If your workflow is US-centric, FlareSight's primary-source coverage is more complete and faster.
LP and fund data needs
Preqin's LP database and fund performance benchmarks are unique data assets with no direct equivalent. If your workflow requires knowing which LPs committed to a specific fund vintage, or comparing IRR across PE managers, you need Preqin. FlareSight does not cover fund vehicles or LP relationships.

Related: SEC Form D database | Startup funding database | PitchBook alternative

What it looks like in practice

Three specific workflows. What you search, what you get, and what changes relative to Preqin.

1

LP analyst at a fund of funds

Task: Identifying emerging VC managers with active deal flow in the US market before they raise a new flagship fund, to build a relationship ahead of the formal LP process.

On FlareSight

Filter by round type: seed and Series A. Geography: target states. Pull the last 90 days of filings. Look at which investors appear across multiple deals. Build a list of active managers to track. Do this before the manager publishes a deck or starts an LP raise.

On Preqin

Preqin covers established VC managers with fund performance records, LP lists, and historical IRR. Better for evaluating a manager you have already identified. Less useful for discovering an emerging manager before they have a fund track record.

2

Fund of funds associate building a co-investment pipeline

Task: Sourcing US startup co-investment opportunities at the Series A and B stage where the lead is an established firm, to present to the investment committee within a two-week window.

On FlareSight

Filter by round type: Series A, Series B. Amount: $5M to $30M. Date: last 30 days. See which companies just filed with a notable lead. Export the list. Have a target set before the round announcement reaches the LP community.

On Preqin

Preqin's venture module covers deal terms for larger institutional rounds, but sourcing co-investments from Preqin means working from data that is already known to every institutional LP on the platform. FlareSight puts you ahead of the enrichment cycle.

3

PE/IB analyst tracking late-stage growth equity rounds

Task: Building a weekly watchlist of US growth-stage companies that closed a round in the $20M to $100M range to flag for the coverage team as potential M&A or advisory targets.

On FlareSight

Filter by total raised: $20M and above. Round type: growth equity or unspecified. Date: last 7 days. Pull filing details including amount, state, and company name. Flag the ones in covered sectors. Have the list ready before any press release or banker call.

On Preqin

Preqin's deal database covers growth equity rounds with fund and advisor attribution after enrichment. Strong for retrospective deal screening. FlareSight is faster for the weekly trigger: knowing what just closed before the bankers start circulating teasers.

Frequently asked questions

Is FlareSight a Preqin replacement?+
For US venture and startup funding discovery, FlareSight covers the core use case faster and at a fraction of the cost. Preqin is a full private markets data platform serving LPs, fund managers, and institutional allocators with fund performance benchmarks, LP contact data, and private equity analytics. FlareSight reads SEC Form D filings in real time and surfaces newly funded US companies within hours of filing. If your goal is tracking which startups just closed a round, FlareSight is the more direct tool.
Why does Preqin not show newly funded startups on the day they file?+
Preqin sources its venture data from a mix of public disclosures, fund manager submissions, and third-party enrichment pipelines. That process introduces a lag of days to weeks between when a round closes and when it appears in Preqin. FlareSight reads SEC Form D filings directly. The Form D is typically submitted within 15 days of a first close and is often the first public record of the round, well before press or fund manager disclosure.
How much does Preqin cost?+
Preqin does not publish public pricing. Access is enterprise-only, sold via custom quote with annual contracts typically in the five-figure range. FlareSight has a free tier with no credit card required and paid plans starting at $39 per month.
Does FlareSight cover the same asset classes as Preqin?+
No. Preqin covers private equity, venture capital, hedge funds, real estate, infrastructure, and private credit across global markets. FlareSight focuses exclusively on US equity raises filed under SEC Form D. If your workflow requires fund performance benchmarks, LP databases, or global private markets coverage, Preqin has capabilities FlareSight does not. If your workflow is identifying which US startups just closed a round, FlareSight is the faster and more affordable option.
What rounds does FlareSight index that Preqin misses?+
FlareSight indexes every US equity raise that files SEC Form D, including seed rounds, bridge rounds, and SAFEs that never receive press coverage. An estimated ~90% of seed-stage rounds get no top-tier press coverage. Preqin's venture data skews toward larger, more visible rounds. Many early-stage US raises that appear in FlareSight within hours are never enriched into Preqin at all.
Is there a free tier?+
Yes. FlareSight has a free plan with no credit card required. The free tier lets you search and view recently filed companies. Paid plans add contact data, saved searches, and higher result limits. Preqin does not offer a self-serve free tier.

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