The Grayzone largely gets its funding from its reader- & viewership: https://en.wikipedia.org/wiki/The_Grayzone#Funding

How Bellingcat Launders National Security State Talking Points into the Press

Who pays the piper?

In 2016 its founder, Eliot Higgins, dismissed the idea that his organization got money from the U.S. government’s National Endowment for Democracy (NED) as a ludicrous conspiracy theory. Yet, by the next year, he openly admitted the thing he had laughed off for so long was, in fact, true (Bellingcat’s latest available financial report confirms that they continue to receive financial assistance from the NED). As many MintPress readers will know, the NED was explicitly set up by the Reagan administration as a front for the CIA’s regime-change operations. “A lot of what we do today was done covertly 25 years ago by the CIA,” said the organization’s co-founder Allen Weinstein, proudly.

Higgins himself was a senior fellow at the Atlantic Council, NATO’s quasi-official think tank, from 2016 to 2019. The Atlantic Council’s board of directors is a who’s who of state power, from war planners like Henry Kissinger, Condoleezza Rice and Colin Powell to retired generals such as James “Mad Dog” Mattis and H.R. McMaster. It also features no fewer than seven former CIA directors. How Higgins could possibly see taking a paid position at an organization like this while he was still the face of a supposedly open and independent intelligence collective as being at all consistent is unclear.

Other questionable sources of income include the Human Rights Foundation, an international organization set up by Venezuelan activist Thor Halvorssen Mendoza. Halvorssen is the son of a former government official accused of being a CIA informant and a gunrunner for the agency’s dirty wars in Central America in the 1980s and the cousin of convicted terrorist Leopoldo Lopez. Lopez in turn was a leader in a U.S.-backed coup in 2002 and a wave of political terror in 2014 that killed at least 43 people and caused an estimated $15 billion worth of property damage. A major figure on the right-wing of Venezuelan politics, Lopez told journalists that he wants the United States to formally rule the country once President Nicolas Maduro is overthrown. With the help of the Spanish government, Lopez escaped from jail and fled to Spain last year.

Imagine, for one second, the opposite scenario: an “independent” Russian investigative website staffed partially with ex-KGB officials, funded by the Kremlin, with most of their research focused on the nefarious deeds of the U.S., U.K. and NATO. Would anyone take it seriously? And yet Bellingcat is consistently presented in corporate media as a liberatory organization; the Information Age’s gift to the people.