Forecast's CEO on our $19M Series A Funding

I’m Dennis, CEO and co-founder of Forecast, and we’re on a mission to unlock the power of intelligence to help people do the best work of their lives. 

We’re super excited to announce our $19M Series A funding led by Balderton, with our existing investors from Crane, SEED Capital and Heartcore participating. A highly competitive and oversubscribed round, taking our total funding raised to date to over $28M.

Balderton is a world-class investor, who’ll bring their invaluable experience and knowledge to help us continue our exciting growth journey. We will be further scaling the team across our 3 geographies (Copenhagen, London, and New York City) to anticipate market demands and enable more businesses to empower their people to do their best work. 

With this investment, we will strengthen our unique position in defining how AI and powerful computing will reshape knowledge work over the coming years. Forecast’s always-learning and always-improving platform enables optimal company-wide decision-making – all in one place.

The last year has been a fantastic and exciting ride for us at Forecast. We’ve scaled aggressively on all fronts and more than doubled our team headcount as well as added a continuous stream of new customers from around the world.

By now Forecast has helped manage more than 178,000 projects with more than 4,000,000 tasks and over 2,000,000 time registrations for our global customer base in 40+ countries. Our artificial intelligence capabilities have assisted project managers and team members to estimate, assign and register time more than 400,000 times.

As a product, Forecast has and will continue to evolve on many fronts so we can be even better equipped to help our customers have peace of mind that we take care of most of the manual operations that they were doing before using Forecast.

With the new funding, we’ll be strengthening our Copenhagen and London-based teams with a new office in New York City from Q3 2021. We'll be growing all departments including engineering, product, sales, customer success, marketing, and finance.

It’s been a tremendously fun, and exhilarating amount of work getting here and we’re not slowing down.

Today wouldn’t be complete if we didn’t appreciate:

  • Our customers who have enabled this journey – by operating your companies, managing project deliveries, and orchestrating teams on Forecast, and constantly driving us to deliver an even better product.
  • All our investors, well-wishers, and angels who believed in us from the beginning and supported us at each step of the way.
  • Our partners – who join us in building an ecosystem for the intelligent future of work.

I want to personally extend my thanks to James Wise, Krishna Visvanathan, Christian Jepsen, Niels Vejrup Carlsen, Rasmus Aaen Madsen, Jeremy Roche, and the entire Forecast team for making this happen!

Along with you all, I look forward to building an even bigger company that keeps winning by providing the best product the market has ever seen. And on that note, we have several open jobs right here, just waiting for your application. So bring the oomph!

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