FirstRain collects $7.3M to serve up investment research

FirstRain, a service that scrapes the web to deliver relevant research to investors, has brought in $7.3 million of an anticipated $8.8 million round of equity, according to a filing with the SEC. Based in San Mateo, Calif., the company has raised $20.9 million to date and is backed by Oak Investment Partners, DiamondHead Ventures and Ampersand Ventures.