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 4th amongst 24 active competitors, of which 11 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Derive, which secured an undisclosed amount in Feb, 2026.

Who are the top competitors of Forward?

Forward's top competitors include Chainge, RYSK and Etrading Software. Among them, Derive secured the most recent funding round in February, 2026.

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

Forward is a seed company based in Bangkok (Thailand), founded in 2021 by Udomsak Rakwongwan and Chanon Charatsuttikul. It operates as a Decentralized platform for derivatives exchange, built on EVM-based chains. Forward has raised $5M in funding from investors like Krungsri Finnovate, Beacon VC and Varys Capital, with a current valuation of $*****. The company has 24 active competitors, including 11 that are funded. Its top competitors include companies like Chainge, RYSK and Etrading Software.

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
Social

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

4^th among 24 active competitors

Employee Count

20 as on May 31, 2026

Similar Companies

Chainge & 26 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	4143667	Seed	3888640	7683630	3769241	4528974

Access funding benchmarks and valuations. Sign up today!

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:

Uncover Forward's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Forward include Chainge, RYSK and Etrading Software. 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	Etrading Software 2005, London (United Kingdom), Late Stage	Provider of financial services for investment industries	-	LDC	43/100
4th	Forward 2021, Bangkok (Thailand), Seed	Decentralized platform for derivatives exchange, built on EVM-based chains	$5M	Beacon VC, Varys Capital & 4 others	41/100
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	Synquote 2021, San Francisco (United States), Seed	Decentralized platform for crypto options markets	$2.8M	Initialized Capital, CMT Digital & 3 others	39/100
7th	Derive 2021, George Town (Cayman Islands), Seed	Provider of onchain institutional-grade trading for crypto options and futures	-	Variant Fund	35/100
8th	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
9th	Smilee 2022, Weymouth (United Kingdom), Seed	Decentralized options protocol for volatility trading	$2M	Dewhales, Owl Ventures & 8 others	33/100
10th	Opyn 2019, San Francisco (United States), Acqui-Hired	Defi option trading platform	$10.9M	Paradigm, DRAGONFLY & 13 others	32/100