Forecast ApS Asset Profile

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Year established

2016

Location

Copenhagen Denmark

Primary Industry

Software

About

Founded in 2016 and based in Copenhagen, Denmark, Forecast ApS develops a project management platform that enables teams to track the progress of ongoing projects and collaborate on tasks, measure team performance via real-time data insights and build corresponding reports, and automate project forecasting using artificial intelligence. Danny Larsen, Dennis Kayser, Jens Duelund Højstrup Pallesen, and Niels Frederiksen are the co-founders of the company. In May 2021, Forecast ApS raised USD 19 million in Series A funding led by Balderton Capital including Crane Ventures Partners, SEED Capital, and Heartcore Capital. The Forecast AI-native platform is a system of intelligence that represents the most advanced technology that is applied to managing finances, resources, and projects. The firm's platform consists of AI work automation, project management, resource management, project accounting, business intelligence, apps, and integrations. The platform automates busywork, surfaces best practices, predicts outcomes, guides projects to success, and empowers every team member to do their best work. The organization generates revenue through its monthly subscription plans that include the lite plan at USD 29, the pro plan at USD 49, and the plus plan. Forecast plans to use the May 2021 funding to expand to the U.S., and some to continue building out its platform and businesses.

Current Investors

PreSeed Ventures, SEED Capital, Innovation Fund Denmark

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Primary Industry

Software

Sub Industries

Consulting Services, HR & Workforce Software, Content Management Software, Application Integration Software, Analytics & Performance Software

Website

www.forecast.app

Verticals

Artificial Intelligence, Cloud Computing

Company Stage

Series A

Total Amount Raised

Subscriber access only

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