When was Forward founded?

Forward was founded in 2021 and raised its 1st funding round 1 year after it was founded.

Where is Forward located?

Forward is headquartered in Bangkok, Thailand.

Who is the current CEO of Forward?

Chanon Charatsuttikul of Forward. They have also founded 1 company.

How many employees does Forward have?

As of May 31, 2026, the latest employee count at Forward is 20.

Is Forward a funded company?

Forward is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Sep 12, 2022.

How much is Forward worth?

The latest valuation of Forward is $***** as of May 23, 2022.

When was the latest funding round of Forward?

Forward's latest funding was a $***** Seed round on Sep 12, 2022, with participation from 5 investors.

Where does Forward rank among its competitors?

Forward ranks 3rd amongst 23 active competitors, of which 11 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Chainge, which secured $13M in May, 2024.

Who are the top competitors of Forward?

Forward's top competitors include Chainge, RYSK and Synquote. Among them, Chainge secured the most recent funding round in May, 2024.

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

Company Details

Decentralized platform for derivatives exchange, built on EVM-based chains. It offers an advanced protocol named Automated Position Hedger that allows users to anticipate the price direction or hedge their risk against price fluctuation. It also offers other services like lending, borrowing, NFTs for trading, trading gamefi, and more.

Website: forward.market
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Key Metrics

Founded Year

2021

Location

Bangkok, Thailand

Stage

Seed

Total Funding

$5M in 1 round

Latest Funding Round

Seed, Sep 12, 2022, $*****

Post Money Valuation

$***** as on May 23, 2022

Investors

Krungsri Finnovate & 5 more

Ranked

3^rd among 23 active competitors

Employee Count

20 as on May 31, 2026

Similar Companies

Chainge & 25 more

View Forward's full profile

Forward is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
FORWARD ENTERPRISE COMPANY LIMITED CIN: 105556181275 , Thailand, Active	Nov 11, 2013	-	-

Forward has raised a total funding of $5M over 1 round. Its latest funding round was a Seed round on Sep 12, 2022 for $*****. 5 investors participated in its latest round. Forward has 6 institutional investors.

Here is the list of recent funding rounds of Forward:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 12, 2022	4331231	Seed	8000949	5139039	2356515	7012546

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View details of Forward's funding rounds and investors

The founders of Forward are Udomsak Rakwongwan and Chanon Charatsuttikul. Chanon Charatsuttikul is the CEO of Forward.

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

Udomsak Rakwongwan: Co-Founder of Forward.
Chanon Charatsuttikul: Co-Founder & CEO of Forward.

View details of Forward's Founder profiles and Board Members

Forward's employee count trend

Forward has 20 employees as of May 26. Here is Forward's employee count trend over the years:

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Top competitors of Forward include Chainge, RYSK and Synquote. Here is the list of Top 10 competitors of Forward, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Chainge 2020, Jinzhong (China), Series B	App-based platform for trading in cryptocurrency	$13M	Gem Dgital, Alpha Token Capital	49/100
2nd	RYSK 2021, London (United Kingdom), Seed	Platform providing products that will produce yield in all market conditions	$1.4M	Lemniscap, Ascensive Assets & 3 others	45/100
3rd	Forward 2021, Bangkok (Thailand), Seed	Decentralized platform for derivatives exchange, built on EVM-based chains	$5M	Beacon VC, Varys Capital & 4 others	41/100
4th	Synquote 2021, San Francisco (United States), Seed	Decentralized platform for crypto options markets	$2.8M	Initialized Capital, Coinbase & 3 others	40/100
5th	Thetanuts Finance 2021, Panama City (United States), Seed	Online platform offering cryptocurrency option strategies	$35M	Three Arrows Capital, Polychain & 7 others	39/100
6th	Etrading Software 2005, London (United Kingdom), Late Stage	Provider of financial services for investment industries	-	LDC	37/100
7th	Clear 2021, United States, Seed	Decentralized platform to create options, notes, perpetual futures, and NFT derivatives	$2.5M	Huobi, Foresight Group & 17 others	34/100
8th	Spin 2021, Finland, Seed	Operator of decentralized platform for spot, perpetual, and options trading	$3.75M	Lemniscap, GSR & 5 others	33/100
9th	Smilee 2022, Weymouth (United Kingdom), Seed	Decentralized options protocol for volatility trading	$2M	Dewhales, Outlier Ventures & 8 others	33/100
10th	Kibo Wealth Hub Arizona City (United States), Seed	Online platform offering crypto trading solutions	$1.5M	Huobi, Fenbushi Capital & 13 others	31/100