About Forge
Forge is a company based in Louisville (United States) founded in 2023 by Emir Sahmanovic. It operates as a Commission-Based. Forge has raised $500 thousand across 1 funding round from investors including Y Combinator. Forge offers products and services including Duty Drawback Service. Forge operates in a competitive market with competitors including PayEm, BirchStreet Systems, Concertiv, BuyerQuest and Omnea, among others.
- Headquarter Louisville, United States
- Founders Emir Sahmanovic
- SectorsTechnology
- Email••••••••
- Website forgehq.com
- Social LinkedIn X
- Legal Name Forge Technologies, Inc.
- Total Equity Funding$500K (USD)
in 1 rounds
- Latest Funding Round$500K (USD), Seed
Jun 2024
- Investors
Products & Services of Forge
Forge offers a comprehensive portfolio of products and services, including Duty Drawback Service.
Refunds on tariffs and duties are facilitated for businesses.
Funding Insights of Forge
Forge has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in June 2024. 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 $500,000
- Total Rounds 1
- Last Round Seed — $500,000
- First Round $500,000
(Jun 2024)
- Investors Count 1
All 1 funding rounds of Forge with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2024 | $500,000 | Seed | – | Y Combinator | – |
1 investors in total: 1 institutional.
Investors in Forge
Forge has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are accelerated via funding and educational programs. | – | ycombinator.com | Mountain View, United States |
Investor details for Forge
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Forge
1 people are tracked at Forge (1 in leadership).
| Name | Role | Group |
|---|---|---|
Emir Sahmanovic | Co-Founder & CEO | Leadership |
Complete people profiles for Forge
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Forge
2 dated milestones of Forge across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Forge is founded.
- Funding First funding round of $500K.
Competitors of Forge
Forge 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 PayEm, BirchStreet Systems, Concertiv, BuyerQuest and Omnea, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| payem.co | 2019 | San Francisco, United States | $40M | 1 | SaaS expense management solutions are delivered for corporate organizations. | |
| birchstreetsystems.com | 2002 | Newport Beach, United States | $2.04M | 75 | Cloud-based procure-to-pay solutions are delivered for business management. | |
| concertiv.com | 2014 | New York, United States | $6.62M | 27 | Web-enabled end-to-end procurement management solutions are provided. | |
| buyerquest.com | 2011 | Cleveland, United States | $15.4M | 28 | Procure-to-pay software is provided for e-procurement and spend management. | |
| omnea.co | 2021 | London, United Kingdom | $125.09M | – | Web-enabled solutions for procurement orchestration in supply chains are offered. | |
| vendorpanel.com | 2008 | Melbourne, Australia | $5.05M | – | SaaS-based source-to-contract platform is provided for governments, utilities, and corporates. | |
| tacto.ai | 2020 | Munich, Germany | $59.66M | – | Builds future-proof digital, and sustainable supply chain for industrial organizations | |
| arkestro.com | 2017 | San Francisco, United States | $78.05M | 77 | Web-based solutions for procurement management and supplier oversight are provided. |
Detailed competitors of Forge
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Forge
The website of Forge (forgehq.com) receives about 7.4K visits a month.
- Monthly visits7.4K
▼ 26.7% vs previous month
Similar companies to Forge
10 companies that operate in the same segment as Forge (Procurement & Supply Chain IT), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based end-to-end spend management software is delivered for businesses. | 2006 | San Mateo, California, United States | USD 169 M | USD 39.68 M | 648 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | – | USD 3.59 B | 12,100 | |
Zebra Technologies is recognized for providing intelligent operation solutions globally. | 1969 | Lincolnshire, Illinois, United States | – | USD 5.43 B | 9,900 | |
AI and cloud-based supply chain management solutions are provided. | 1985 | Scottsdale, Arizona, United States | USD 800 M | – | – | |
AI and SaaS-based robots for warehouse automation are provided. | 2012 | Roswell, United States | USD 545.23 M | USD 39.76 M | 553 | |
Provider of supply chain financing solutions for small and medium enterprises | 2017 | Mumbai, Maharashtra, India | USD 269.95 M | USD 48.5 M | 1,506 | |
AI-based electronic invoicing and supply chain management solution for businesses | 2009 | San Francisco, California, United States | USD 220.46 M | – | 185 | |
Contract lifecycle management software is developed using AI-powered intelligence. | 2016 | San Carlos, California, United States | USD 154.69 M | – | – | |
AI-powered software for legal contract management is utilized. | 2012 | Lehi, Utah, United States | USD 170.95 M | – | – | |
Procure-to-pay management software is offered for business operations. | 2017 | San Francisco, California, United States | USD 90.5 M | – | – |
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Frequently Asked Questions about Forge
Forge was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Forge is headquartered in Louisville, United States. It is registered at Louisville, Kentucky, United States.
Emir Sahmanovic is the current CEO of Forge. They have also founded this company.
Forge is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Seed of $500K, raised on Jun 2024.
Tariffs and duties paid on imports are refunded through duty drawbacks for businesses of all sizes. Services are offered to simplify the process using expert assistance and AI-driven solutions. The focus is placed on automating documentation and filing claims for maximum refunds. Sectors served include direct-to-consumer, wholesale, and manufacturing industries. Continuous filing schedules are tailored to business needs.
Forge's top competitors include Concertiv, Omnea and BirchStreet Systems.
Forge offers Duty Drawback Service.
Forge has 1 investor. Key investors include Y Combinator.
Forge operates through Forge Technologies, Inc..