When was Forecast founded?

Forecast was founded in 2016 and raised its 1st funding round within a year of its incorporation.

Where is Forecast located?

Forecast is headquartered in Copenhagen, Denmark.

Which legal entities is Forecast associated with?

Forecast is associated with FORECAST APS and 1 other.

How many employees does Forecast have?

As of Aug 31, 2026, the latest employee count at Forecast is 38.

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 $***** Seed round, raised on Sep 19, 2016.

How much is Forecast worth?

The last known valuation of Forecast was $***** as of Feb 01, 2021.

When was the latest funding round of Forecast?

Forecast's latest funding was a $***** Series A round on Feb 01, 2021, with participation from 4 investors. Its primary sector is Enterprise Collaboration. Globally, the Enterprise Collaboration sector has seen $731M in funding in 2026 to date.

Where does Forecast rank among its competitors?

Forecast ranks 94th amongst 6109 active competitors, of which 232 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Oracle, which secured $77.8M in Feb, 2025.

Who are the top competitors of Forecast?

Forecast's top competitors include Workday, Smartsheet and monday.com. Among them, Oracle secured the most recent funding round in February, 2025.

Forecast - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of AI-powered platform unifying project management, resource planning, and financials. The platform offers features such as resource allocation, time tracking, and revenue recognition. It provides tools for capacity planning, project scoping, and budget management. The platform integrates with other business systems to streamline workflows and improve visibility. It supports agile project management, sprint planning, and product development.

Website: www.forecast.app/
Social
Email ID: *****@forecast.it
Phone Number: +45 **********

Key Metrics

Founded Year

2016

Location

Copenhagen, Denmark

Stage

Acquired

Total Funding

$34.1M in 5 rounds

Latest Funding Round

Series A, Feb 01, 2021, $*****

Last Known Valuation

$***** as on Feb 01, 2021

Investors

Seed Capital & 7 more

Ranked

94^th among 6109 active competitors

Employee Count

38 as on Aug 31, 2026

Similar Companies

Workday & 7269 more

Exit Details

Acquired by Accelo (Jul 22, 2025)

View Forecast's full profile

Forecast is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
FORECAST TECHNOLOGIES TRADING LIMITED CIN: 14618656 , United Kingdom, Active	Jan 25, 2023	-	-
FORECAST APS CIN: 38019651 , Denmark, Active	Sep 14, 2016	-	15 (As on Nov 30, 2024)

Forecast got acquired by Accelo on Jul 22, 2025.

Click here to take a look at Forecast's acquisition in detail

Forecast has raised a total funding of $34.1M over 5 rounds. Its first funding round was on Sep 19, 2016. Its latest funding round was a Series A round on Feb 01, 2021 for $*****. 4 investors participated in its latest round. Forecast has 8 institutional investors.

Here is the list of recent funding rounds of Forecast:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 01, 2021	1243294	Series A	6893118	6172617	3048024	5545009
Oct 10, 2019	4835629	Series A	4603558	3292201	4237092	Seed Capital & 1 more
Jun 11, 2018	8089325	Series A	3239938	4082212	Sunstone & 1 more	1691631

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View details of Forecast's funding rounds and investors

The founders of Forecast are Rasmus Aaen Madsen, Niels Frederiksen, Danny Larsen and Jens Duelund Pallesen.

Here are the details of Forecast's key team members:

Rasmus Aaen Madsen: Co-Founder of Forecast and founder of 2 other companies, Youcalc and Deskwolf. They serve on the boards of 2 companies.
Niels Frederiksen: Co-Founder of Forecast. They serve on the board of 1 company.
Contact Info: 1 email address
Danny Larsen: Co-Founder & CTO of Forecast.
Contact Info: 1 email address
Jens Duelund Pallesen: Co-Founder of Forecast.

Forecast's Board of Directors

Forecast's board has 4 active members. Krishna Visvanathan, Rasmus Aaen Madsen, Niels Frederiksen and Christian Jepsen are part of team.

Here is the list of Forecast's board of directors:

Name	Type	Representing	Status	Duration
Rasmus Aaen Madsen	Team	-	Current	8y 3m
Niels Frederiksen	Team	-	Current	8y 3m
fdrvofg	Team	-	Current	1y 9m
bpced{b	Team	-	Current	2y 6m

View details of Forecast's Founder profiles and Board Members

Forecast's employee count trend

Forecast has 38 employees as of Aug 26. Here is Forecast's employee count trend over the years:

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Top competitors of Forecast include Workday, Smartsheet and monday.com. Here is the list of Top 10 competitors of Forecast, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Workday 2005, Pleasanton (United States), Public	Developer of cloud software for human resources finance and operations	$352M	Greylock Partners, T. Rowe Price & 12 others	87/100
2nd	Smartsheet 2005, Bellevue (United States), Acquired	Cloud based suite solutions for enterprise project management	$121M	Insight Partners, Madrona & 11 others	83/100
3rd	monday.com 2012, Tel Aviv (Israel), Public	Cloud-based platform offering suite solutions for project management	$235M	Genesis Partners, Entree Capital & 19 others	83/100
4th	Oracle 1977, Austin (United States), Public	Provider of cloud-based enterprise software solutions for applications, platform, and infrastructure management	-	rifvc.com, Glynn Capital & 33 others	83/100
5th	Notion 2013, San Francisco (United States), Series D	Developer of an AI-powered workspace for team collaboration and productivity	$418M	First Round Capital, Temasek & 40 others	83/100
6th	Airtable 2013, San Francisco (United States), Acquired	Cloud and AI based low code workflow and app development platform	$1.35B	CRV, Caffeinated Capital & 59 others	82/100
7th	SAP 1972, Walldorf (Germany), Public	Provider of business applications, technology, and cloud enterprise resource planning	-	Elliott Management, Triodos Investment Management ... & 13 others	81/100
8th	Asana 2008, San Francisco (United States), Public	Cloud-based platform offering project management software	$453M	Generation Investment Management, Benchmark ... & 30 others	79/100
9th	Infor 2002, New York City (United States), Acquired	Cloud based ERP software for multi industries	$1.52B	LC Waikiki, Maxam Capital & 18 others	79/100
10th	Deltek 1983, Herndon (United States), Acquired	Cloud based enterprise resource planning software provider for multi industries	$107M	Prospect Capital, New Mountain Capital & 3 others	77/100
94th	Forecast 2016, Copenhagen (Denmark), Acquired	Provider of AI-powered platform unifying project management, resource planning, and financials	$34.1M	Sunstone, Weareheartcore & 6 others	48/100