About Forbright
Forbright is a company based in Chevy Chase (United States) founded in 2003 by John Delaney.. Forbright has raised $68.68 million across 8 funding rounds from investors including John K Delaney. The company has 232 employees as of December 31, 2021. Forbright operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Headquarter Chevy Chase, United States
- Employees 232 as on 31 Dec, 2021
- Founders John Delaney
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$68.68 M (USD)
in 8 rounds
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Latest Funding Round
$125 M (USD), Debt – Conventional
Dec 23, 2021
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Investors
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Employee Count
232
as on Dec 31, 2021
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Funding Insights of Forbright
Forbright has successfully raised a total of $68.68M across 8 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $125 million completed in December 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 8
- Last Round Debt – Conventional — $125.0M
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First Round
First Round
(01 Jun 2004)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Debt – Conventional - Forbright | Valuation |
investors |
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| Feb, 2018 | Amount | Series C - Forbright | Valuation |
investors |
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| Dec, 2016 | Amount | Debt – Conventional - Forbright | Valuation |
investors |
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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 Forbright
Forbright has secured backing from 1 investor, including angel investors. Prominent investors backing the company include John K Delaney. 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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JK
John K Delaney |
Indian angel investor with focus on early-stage tech startups.
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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 Forbright
| 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 - Forbright
| 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 |
Forbright Comparisons
Competitors of Forbright
Forbright 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 Truist, Investec, Equity Bank, Citi and KeyBank, 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 |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| domain | founded_year | HQ Location |
Regional bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided across the United States.
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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 Forbright
Frequently Asked Questions about Forbright
When was Forbright founded?
Forbright was founded in 2003 and raised its 1st funding round 1 year after it was founded.
Where is Forbright located?
Forbright is headquartered in Chevy Chase, United States. It is registered at Chevy Chase, Maryland, United States.
Is Forbright a funded company?
Forbright is a funded company, having raised a total of $68.68M across 8 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $24M, raised on Jun 01, 2004.
How many employees does Forbright have?
As of Dec 31, 2021, the latest employee count at Forbright is 232.
What does Forbright do?
Forbright was established in 2003 by founder John Delaney in Chevy Chase, United States. As a commercial bank, it focuses on core banking operations, including deposit accounts, loans, and financial advisory services for commercial clients. Activities are conducted primarily within the United States, with an emphasis on supporting local and regional economic needs through standard banking practices.
Who are the top competitors of Forbright?
Who are Forbright's investors?
Forbright has 1 investor. Key investors include John K Delaney.
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