About Forage
Forage is a company based in San Francisco (United States) founded in 2014 was acquired by EAB in April 2024. It operates as a EduTech. Forage has raised $36.93 million across 4 funding rounds from investors including FundersClub, Lightspeed Venture Partners and EAB. Forage offers products and services including Job Simulations. Forage operates in a competitive market with competitors including TestGorilla, Aspiring Minds, MeritTrac, TaTIO and Interviewed, among others.
- Headquarter San Francisco, United States
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Forage, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$36.93 M (USD)
in 4 rounds
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Latest Funding Round
$25 M (USD), Series B
Aug 19, 2021
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Investors
FundersClub
& 10 more
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Employee Count
Employee Count
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Acquired by
EAB
(Apr 08, 2024)
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Products & Services of Forage
Forage offers a comprehensive portfolio of products and services, including Job Simulations. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Free simulations are offered for career preparation skills.
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Funding Insights of Forage
Forage has successfully raised a total of $36.93M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $25 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $25.0M
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First Round
First Round
(01 Jun 2019)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series B - Forage | Valuation | Blackbird Ventures | |
| Sep, 2020 | Amount | Series A - Forage | Valuation | Lightspeed Venture Partners |
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| Oct, 2019 | Amount | Seed - Forage | Valuation | Transition Level |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Forage
Forage has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include FundersClub, Lightspeed Venture Partners and EAB. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments are directed toward Black, Latinx, LGBTQ+, and women-led companies.
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Founded Year | Domain | Location | |
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Venture capital investing with a focus on diversity and inclusion in the ecosystem.
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Founded Year | Domain | Location | |
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Venture capital firm backed by Telstra
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Forage
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Forage
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Forage Comparisons
Competitors of Forage
Forage operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TestGorilla, Aspiring Minds, MeritTrac, TaTIO and Interviewed, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based software for pre-employment testing and recruitment automation is offered.
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| domain | founded_year | HQ Location |
AI-based assessments for enterprise candidate skills are provided.
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| domain | founded_year | HQ Location |
Assessment solutions are provided for enterprises and educational institutions.
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| domain | founded_year | HQ Location |
Applicant tracking is enabled via cloud-based AI platform.
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| domain | founded_year | HQ Location |
Advanced simulations for non-technical interviews are created.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Forage
Frequently Asked Questions about Forage
When was Forage founded?
Forage was founded in 2014 and raised its 1st funding round 5 years after it was founded.
Where is Forage located?
Forage is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Forage a funded company?
Forage is a funded company, having raised a total of $36.93M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Jun 01, 2019.
What does Forage do?
Free virtual job simulations are provided by Forage to bridge education and career success. Real-life skills for various roles are built through self-paced, open-access programs. Simulations replicating real work tasks are offered in collaboration with top global employers across diverse industries such as software engineering, banking, law, and healthcare. Curated resources and recruiter connections are made available to participants. A platform for students to gain practical experience and improve employability is maintained.
Who are the top competitors of Forage?
Forage's top competitors include MeritTrac, TestGorilla and Aspiring Minds.
What products or services does Forage offer?
Forage offers Job Simulations.
Who are Forage's investors?
Forage has 11 investors. Key investors include FundersClub, Lightspeed Venture Partners, EAB, Jobs for the Future, and Cap Table Coalition.
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