Forecast ApS Asset Profile

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

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

Request a demo to show more

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

Financials

Fiscal Year Ended
Revenue (USD)
% Revenue Growth (YoY)
Operating Income (USD)
Operating Margin
EBITDA (USD)
% EBITDA Margin
NET Income (USD)
% Net Margin

31 Dec 2017

(4,521,441)

(4,512,294)

(3,785,875)

31 Dec 2018

(8,310,021)

(8,281,701)

(6,532,802)

31 Dec 2019

(16,411,151)

(16,404,008)

(14,759,670)

31 Dec 2020

(31,086,414)

(31,023,321)

(28,372,819)

31 Jan 2021

31 Jan 2022

31 Jan 2023

Unlock the recent years of financials and more for Forecast ApS.

Request a demo to see more.

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.