About Forecast
Forecast is a company based in Copenhagen (Denmark) founded in 2016 by Jens Duelund Pallesen, Danny Larsen, Dennis Kayser, and Niels Frederiksen was acquired by Accelo in July 2025. It operates as a SaaS (Software-as-a-Service), and Professional Services. Forecast has raised $34.1 million across 5 funding rounds from investors including Accelo, Balderton Capital and Heartcore Capital. Forecast offers products and services including Forecast App, Resource Management, and Financial Management. Forecast operates in a competitive market with competitors including Notion, Smartsheet, Asana, monday.com and Clickup, among others.
- Headquarter Copenhagen, Denmark
- Founders Jens Duelund Pallesen, Danny Larsen, Dennis Kayser, Niels Frederiksen
- Stage Minicorn
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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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Products & Services of Forecast
Forecast offers a comprehensive portfolio of products and services, including Forecast App, Resource Management, and Financial Management. 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.
AI-powered software for managing projects and resources.
Tool for optimizing resource allocation with AI assistance.
Solution for tracking project costs and revenue data.
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Funding Insights of Forecast
Forecast has successfully raised a total of $34.1M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $19 million completed in February 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 5
- Last Round Series A — $19.0M
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First Round
First Round
(19 Sep 2016)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2021 | Amount | Series A - Forecast | Valuation | Balderton Capital | |
| Oct, 2019 | Amount | Series A - Forecast | Valuation | Crane Venture Partners | |
| Jun, 2018 | Amount | Series A - Forecast | Valuation | Sunstone , Seed Capital |
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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 Forecast
Forecast has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Accelo, Balderton Capital and Heartcore Capital. 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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Multistage venture capital investments are focused on technology sectors.
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Venture capital firm investing in multiple sectors
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Investments in early-stage software companies are managed by the firm.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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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 Forecast
| 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 - Forecast
| 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 |
Forecast Comparisons
Competitors of Forecast
Forecast 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 Notion, Smartsheet, Asana, monday.com and Clickup, 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 |
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| domain | founded_year | HQ Location |
Diversified smart home products including hubs and sensors are provided.
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| domain | founded_year | HQ Location |
Cloud based suite solutions for enterprise project management
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| domain | founded_year | HQ Location |
Cloud-based project management software is offered for teams.
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| domain | founded_year | HQ Location |
Cloud-based platform for project management and team tracking is offered.
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| domain | founded_year | HQ Location |
Cloud based project management platform
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| domain | founded_year | HQ Location |
Cloud and AI based low code workflow and app development platform
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Forecast
Frequently Asked Questions about Forecast
When was Forecast founded?
Forecast was founded in 2016.
Where is Forecast located?
Forecast is headquartered in Copenhagen, Denmark.
Who is the current CEO of Forecast?
Dennis Kayser is the current CEO of Forecast. They have also founded this company.
Is Forecast a funded company?
Forecast is a funded company, having raised a total of $34.1M across 5 funding rounds to date. The company's 1st funding round was a Series A of $8.8M, raised on Sep 19, 2016.
What does Forecast do?
Forecast is known for delivering AI-driven project and resource management software. Solutions are offered for capacity planning, financial management, and professional services automation. The platform is integrated with tools like Jira, HubSpot, and Sage for seamless operations. Industries such as software, IT, digital agencies, and NGOs are served. Real-time visibility into project performance and profitability is provided. AI assistance is utilized to optimize resource allocation and predict project risks. Growth and scalability in operations are supported through automated workflows.
Who are the top competitors of Forecast?
Forecast's top competitors include monday.com, Smartsheet and Clickup.
What products or services does Forecast offer?
Forecast offers Forecast App, Resource Management, and Financial Management.
Who are Forecast's investors?
Forecast has 8 investors. Key investors include Accelo, Balderton Capital, Heartcore Capital, Crane Venture Partners, and SEED Capital.
What is Forecast's valuation?
The valuation of Forecast is $52.01M as of Feb 2021.
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