Raised money, reportedly (4)
I believe the answer is:
bred
'raised' is the definition.
(I've seen this before)
'money reportedly' is the wordplay.
'money' becomes 'bread' (bread is slang for money).
'reportedly' shows a homophone (sound like).
'bread' sounds like 'BRED'.
(Other definitions for bred that I've seen before include "Generated" , "Propagated, raised" , "Brought up (to behave in particular way)" , "Had children" , "Bore" .)