Spotlight: Finseeka and Its Form D and Form ADV Search Platform
Finseeka puts Form D offerings, Form ADV registrations and adviser records in one research terminal, and meters its subscriptions by AI usage.
October 27, 2026
Finseeka runs a subscription research terminal built on three public regulatory datasets: Form D private offering notices, Form ADV filings from registered investment advisers and the private funds they manage, and individual adviser records. The platform turns those filings into searchable records, dashboards, and AI-assisted answers for firms that raise, distribute, evaluate, and service alternative investments. The company, legally finseeka, Inc., is a Vermont corporation.
As of Oct. 26, 2026, the firm's homepage reported 628,843 Form D filings, 131,750 Form ADV filings, and 474,304 adviser records in its database. The page shows a separate last-updated date for each dataset, so a user can see how current the underlying data is before running a search.
The case for Form D search
Finseeka's published research argues that Form D reaches a different population than Form ADV. According to the firm, many issuers raising capital under Regulation D are operating companies, real estate sponsors, and fund managers that have not reached the thresholds requiring adviser registration, so they do not appear in ADV data at all. Indexing Form D alongside ADV lets the platform surface earlier-stage and smaller sponsors that an ADV-only tool would miss.
A March 2026 analysis of the firm's own database counted 32,290 active pooled investment fund offerings reporting more than $1 trillion in capital raised, roughly 5,200 real estate offerings reporting more than $130 billion, and more than 7,000 offerings across technology, healthcare, energy, and other sectors. In total, Finseeka reported more than 50,000 active Reg D offerings.
For managing broker-dealers, the firm's case study focuses on sorting that universe. Many Reg D offerings have no dealer manager, no selling agreements, and no intermediary infrastructure, and Finseeka says the platform helps product teams separate offerings structured for adviser distribution from those built for direct or institutional placement before anyone contacts the sponsor.
How the platform works
Finseeka organizes the terminal around three functions. Regulatory filings search returns detailed views of company filings, RIA firms, and adviser records. Market activity dashboards track filing updates, amendments, and capital-raising trends. An AI search layer takes plain-language questions about the data and returns answers linked to the underlying records.
The firm builds separate workflows for five user groups:
- Asset managers use it to monitor fundraising activity and benchmark peer sponsors.
- Distributors use it to find newly launched funds through filing activity and to track which sponsors are gaining traction.
- Financial advisors and RIAs use it to review sponsor history and compare offerings across strategies and structures.
- Managing broker-dealers get the same product-landscape views, plus data identifying advisers and RIAs active in alternative investments.
- Service providers, including fund administrators and due diligence firms, use it for business development, and Finseeka syncs sponsor records into Salesforce, HubSpot, and other CRM systems through Zapier.
Pricing
Finseeka publishes two plans, as listed on its site on Oct. 27, 2026. The Individual plan costs $200 per month for one user and includes 10 million tokens, which the firm estimates at about 200 chat completions. The Team plan costs $399 per month for three users, with additional users at $100 each, and includes 30 million tokens, or about 600 chat completions. Both plans bill monthly in advance and can be canceled at any time, with access continuing through the end of the paid period. The allowance is denominated in tokens, which meters use of the AI search layer within each plan.
