obtained financial backing

USAGE SUMMARY

The phrase "obtained financial backing" is correct and usable in written English.
You can use it when discussing the acquisition of funds or support for a project, business, or initiative. Example: "After several meetings with potential investors, the startup finally obtained financial backing to launch its new product line."

✓ Grammatically correct

News & Media

Encyclopedias

Science

Human-verified examples from authoritative sources

Exact Expressions

5 human-written examples

Originally a prosperous businessman when the English Separatists in Leiden decided to emigrate to North America, Carver obtained financial backing for the trip and chartered the Mayflower.

Britannica

She pushed relentlessly for the rights of women players, helped to form a separate women's tour, and obtained financial backing from commercial sponsors.

Encyclopedia Britannica

[C2.] A New Studio Receives Financing Joe Roth, the former head of Walt Disney Studios, has obtained financial backing for his new movie company, Revolution Studios, from Sony Pictures, the Starz Encore Group and Fox Entertainment.

The New York Times

However the rapid economic liberalization in China, with its vast uncultivated markets and long-suppressed consumer demand, has enabled the country's startups to defy logic: they first quickly expanded, obtained financial backing based on their rapid expansion or connections, and then developed something that the market may want.

Forbes

By late 1936 Balink had obtained financial backing from several domestic and foreign companies with which he, the Wongs, and Franken opened the Dutch Indies Film Syndicate (, or ANIF) in Batavia (now Jakarta).

Wikipedia

Human-verified similar examples from authoritative sources

Similar Expressions

55 human-written examples

The company spent much of the next two years obtaining financial backing.

The New York Times

One operated out of a New York City apartment, another was incorporated less than two months ago and all had trouble obtaining financial backing to complete the deals.

The New York Times

Unable to obtain financial backing from the major studios, Bogdanovich received help from Corman to make the low-budget Saint Jack (1979).

Encyclopedia Britannica

Largely unsuccessful in obtaining financial backing, Davenport established a workshop in New York City and began publishing a short-lived journal of electromagnetism and mechanics; the journal was printed on a printing press driven by an electric motor that Davenport had invented.

Encyclopedia Britannica

Unable to obtain financial backing for his film projects, Bertolucci directed documentary films and worked with Julian Beck and his Living Theatre on Agonia ("Agony"), Amore e rabbia (Love and Rage), and other productions.

Encyclopedia Britannica

Read on to find out the best ways of obtaining financial backing for your start-up business idea.

Forbes

Expert writing Tips

Best practice

When describing how a project or venture began, use "obtained financial backing" to highlight the crucial step of securing funding. Consider using it to emphasize the achievement of overcoming financial hurdles.

Common error

Don't assume "obtained financial backing" only refers to monetary funds. It can also encompass resources like equipment, facilities, or expert advice provided in lieu of direct investment. Be specific about what kind of backing was acquired to provide clarity.

Linguistic Context

The phrase "obtained financial backing" functions as a verb phrase, typically used as part of a clause to indicate that someone or something has successfully acquired financial resources or support. Ludwig AI confirms its proper usage in various contexts.

Expression frequency: Uncommon

Frequent in

News & Media

40%

Encyclopedias

30%

Science

30%

Less common in

Wiki

0%

Formal & Business

0%

Academia

0%

Ludwig's WRAP-UP

The phrase "obtained financial backing" is a grammatically sound and commonly used expression to indicate the successful acquisition of financial support for a project or venture. Ludwig AI analysis confirms its correctness and usability across various contexts. While not extremely frequent, it appears in reliable sources like news outlets, encyclopedias, and scientific publications. Consider using related phrases like "secured funding" or "acquired funding" for stylistic variation. Ensure clarity by specifying the nature of the backing obtained to avoid ambiguity.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Secured funding

Implies a successful effort to acquire financial resources, focusing on the outcome.

Acquired funding

Highlights the process of gaining financial resources, suggesting a more active pursuit.

Received financial support

Emphasizes the act of being given financial assistance, often from a benefactor or institution.

Gained financial assistance

Focuses on the benefit received, highlighting the aid aspect.

Attracted investment

Implies making a venture appealing to investors, resulting in financial support.

Raised capital

Specifically refers to accumulating funds, usually for a business or project.

Found investors

Indicates the successful search and acquisition of individuals or groups willing to invest.

Garnered sponsorship

Suggests obtaining support through sponsorships, often involving promotional benefits.

Landed backing

Informal way to express the successful attainment of financial support.

Procured financing

Implies a formal process of obtaining funds, often through loans or other financial instruments.

FAQs

How can I rephrase "obtained financial backing" to sound more formal?

For a more formal tone, consider using phrases like "secured funding" or "acquired funding". These alternatives emphasize the successful and official nature of gaining financial support.

What's the difference between "obtained financial backing" and "received financial support"?

"Obtained financial backing" suggests a more active effort in acquiring funds, while "received financial support" implies that the funds were given, possibly passively. The choice depends on whether you want to highlight the effort made or simply the fact that support was given.

Is it correct to use "obtained financial backing" when referring to non-monetary support?

While primarily associated with monetary funds, "obtained financial backing" can also refer to substantial non-monetary support that has significant financial implications, such as free equipment or services. Clarify the nature of the backing to avoid ambiguity.

What are some common contexts where "obtained financial backing" is used?

The phrase is commonly used in business, finance, and project management contexts to describe how a venture or project secured funding. It highlights a crucial stage in the development and growth of an enterprise.