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About Forerunner Ventures
Forerunner Ventures is a venture capital firm founded in 2010. It is primarily based out of San Francisco, United States. As of Mar 2026, Forerunner Ventures is an active investor, having invested in 166 companies, with 17 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Retail to Consumer and Enterprise Applications. Most recently it participated in the $***** Series B round of DepthFirst Overall, Forerunner Ventures portfolio has seen 8 unicorns, 5 IPOs and 47 acquisitions including key companies like Warby Parker, Hims and Chime. A lot of funds co-invest with Forerunner Ventures, with names like Lerer Hippeau sharing a substantial percentage of its portfolio. Forerunner Ventures has team of 18 people including 6 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Locations
Rounds of Entry
Seed, Series A & 4 more
Deals in last 12 months
Forerunner Ventures' List of Top Investments
Forerunner Ventures has a portfolio of 166 companies, including 8 unicorns. Their most notable investments are in Modern Fertility and Homeroom.Their portfolio spans across United States, Canada, India and 3 more locations. They have invested in Retail, Consumer, Enterprise Applications and 25 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by Forerunner Ventures:1. Warby Parker
Internet first brand offering eyewear for men and women. The product catalog includes eyeglasses, sunglasses, contact lenses, and other eyewear accessories. The company also provides home-try-on program for customers to choose frames from the website.
Key facts about Warby Parker
- Founded Year: 2010
- Location: New York City (United States)
- Annual Revenue: $771M as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $573M
- Employee Count: 2,671 as on Mar 31, 2026
- Investors: equitywestsecurities.com, American Express Ventures and 36 Others
- Latest Funding Round: Series F, Aug 27, 2020, $*****
- Highlight: Public
2. Hims
Online platform offering telehealth services for men's wellness. The company focuses on men's wellness and care, offering treatment options for hair loss, erectile dysfunction, and more.
Key facts about Hims
- Founded Year: 2017
- Location: San Francisco (United States)
- Annual Revenue: $527M as on Dec 31, 2022
- Stage: Public
- Total Funding till date: $197M
- Employee Count: 2,002 as on Mar 31, 2026
- Investors: Disruptive, IVP and 15 Others
- Latest Funding Round: Post IPO, May 08, 2025, $*****
- Highlight: Public
3. Chime
Digital bank for individuals. Its services include debit cards, savings account, money transfers, cash withdrawals, online/offline payments, check deposits, and more. It also offers transaction and balance alerts. The application is available on iOS and Android devices.
Key facts about Chime
- Founded Year: 2012
- Location: San Francisco (United States)
- Annual Revenue: $1.67B as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $3.15B
- Employee Count: 2,412 as on Mar 31, 2026
- Investors: equitywestsecurities.com, Access Industries and 54 Others
- Latest Funding Round: Series F, Aug 06, 2021, $*****
- Highlight: Public
4. Wonder
Online platform offering food order and delivery. The product catalog includes noodles, spaghetti, beverages, burgers, rice, lasagna, ice cream, cake, and more. The mobile application is available for Android and iOS users.
Key facts about Wonder
- Founded Year: 2016
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $1.87B
- Employee Count: 25 as on Mar 31, 2026
- Investors: Harmony Partners, Harmony Venture Partners and 29 Others
- Latest Funding Round: Series D, Dec 29, 2025, $*****
- Highlight: Editors' Pick
5. Faire
Online wholesale marketplace connecting retailers with brands to facilitate direct purchases. It is an online wholesale marketplace that connects retailers with brands, allowing them to discover new products and streamline their purchase process through a user-friendly platform. The company facilitates wholesale buying and ordering across various product categories, serving both retailers and brands.
Key facts about Faire
- Founded Year: 2017
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series I
- Total Funding till date: $1.7B
- Employee Count: 1,522 as on Mar 31, 2026
- Investors: equitywestsecurities.com, Wellington and 26 Others
- Latest Funding Round: Series I, Nov 17, 2025, $*****
- Highlight: Editors' Pick
Forerunner Ventures' Year-on-Year Investment Trends
Forerunner Ventures has invested in 166 companies over the last 15 years, with an average of 11 new investments annually in the last 10 years. In 2025, it made 24 investments, while as of Mar 2026, it has made 6 investments in this year. Its most recent first time investment was in DepthFirst and most recent follow-on round was in Novig.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 2 | 6 |
2025 | 14 | 10 | 24 |
2024 | 9 | 0 | 9 |
2023 | 7 | 1 | 8 |
2022 | 15 | 8 | 23 |
2021 | 15 | 13 | 28 |
2020 | 10 | 2 | 12 |
2019 | 9 | 11 | 20 |
2018 | 11 | 9 | 20 |
2017 | 8 | 11 | 19 |
Forerunner Ventures' Investments by Stage
Forerunner Ventures has made 64 investments in Seed stage with an average round size of $13M, 61 investments in Series A stage with an average round size of $16.4M and 13 investments in Series B stage with an average round size of $65.3M.Stage of entry | No. of Investments |
|---|---|
Seed | 64 |
Series A | 61 |
Series B | 13 |
Unattributed | 5 |
Series C | 4 |
Others | 2 |
Note: We have considered here, only first round of investments
Forerunner Ventures' Investments by Sector
Forerunner Ventures has a diverse portfolio, with companies operating in the Consumer, Retail, Enterprise Applications, HealthTech and High Tech. Notably, it has invested in 150 Tech companies, 109 Consumer (B2C) companies, 68 Software companies and at least 59 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Consumer | 78 |
Retail | 67 |
Enterprise Applications | 43 |
HealthTech | 20 |
High Tech | 20 |
Others | 121 |
Note: We have considered here, only first round of investments
Forerunner Ventures' Investments by Geography
Forerunner Ventures has made most investments in United States (141), followed by Canada where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 141 |
Canada | 2 |
India | 2 |
United Kingdom | 2 |
Finland | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Forerunner Ventures' recent investments
Forerunner Ventures has made 6 investments in 2026 so far. DepthFirst and Novig are the latest among them.Here are the most recent investments by Forerunner Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 31, 2026 | United States | Series B | 7826 | [+6] | |
Feb 18, 2026 | United States | Series B | 8758 | [+7] | |
Feb 18, 2026 | United States | Series B | 5578 | [+5] | |
Jan 28, 2026 | United States | Series D | 4392 | [+12] | |
Jan 20, 2026 | United States | Seed | 2037 | [+13] |
Unicorns in Forerunner Ventures' Portfolio
Forerunner Ventures has 8 unicorns in its portfolio - Decagon, Clay, Headway and others. The most recent unicorn in their portfolio is Decagon. It became a unicorn in 2025.Here is a list of unicorns in Forerunner Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
72 | Developer of an AI platform for customer experience automation | 2023 | San Francisco | Series D | hlwlkrs | ||
70 | AI and cloud based lead management and contact dataset provider | 2017 | New York | Series C | ocoyuso | ||
65 | Provider of a mental health therapist consultation platform | 2012 | New York City | Series D | tyaszwj | ||
80 | Online platform offering food order and delivery | 2016 | New York City | Series D | ukfaylo | ||
79 | Developer of a smart ring for sleep, fitness, stress, and health | 2013 | Oulu | Series E | talbwkc |
IPOs and Publicly Listed companies in Forerunner Ventures' Portfolio
5 of Forerunner Ventures' portfolio companies have become public. Arrived got listed on the OTC Markets (OTCMKTS), in Oct 2025 and Chime got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $8.97B.Here are Forerunner Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 07, 2025 | May 17, 2022 | Series A | 4869 | |
Jun 12, 2025 | Nov 04, 2014 | Series A | 1582 | |
Sep 29, 2021 | - | - | 1273 | |
Sep 16, 2019 | Nov 2017 | Series A | 7048 | |
- | Sep 04, 2013 | Seed | 4303 |
Acquired companies in Forerunner Ventures' Portfolio
47 companies from Forerunner Ventures' portfolio have been acquired. The most recent acquisition were Canal in Jul 2025 by Rokt Technologies.Here are Forerunner Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 17, 2025 | Mar 2021 | Seed | 8099 | |
Jul 02, 2025 | Nov 14, 2018 | Seed | 2724 | |
Jun 15, 2025 | Aug 30, 2021 | Seed | 7832 | |
Apr 22, 2025 | Dec 07, 2021 | Series A | 5265 | |
Mar 11, 2025 | Sep 07, 2017 | Seed | 1672 |
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Team profile of Forerunner Ventures
Forerunner Ventures has a team of 18 members including 6 Partners and 2 Principals located in United States. Forerunner Ventures' team sits on the board of 3 companies.Here is a list of top team members in Forerunner Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | |||
Partner | San Francisco | - | ||
Partner | San Francisco | - | - | |
Partner | San Francisco | - | ||
Partner | Los Angeles | - | - | |
Partner | San Francisco | - | ||
Principal | San Francisco | - | ||
Principal | San Francisco | - |
Co-investors of Forerunner Ventures
Over the past 15 years, 981 investors have co-invested in Forerunner Ventures's portfolio companies. This includes funds and angels.
- Invested before Forerunner Ventures: Y Combinator, Accel and 284 others have invested in rounds before Forerunner Ventures. There are 15 companies where Y Combinator has invested before Forerunner Ventures and 5 companies where Accel has invested before Forerunner Ventures.
- Top Co-investors of Forerunner Ventures: 394 investors entered a company along with Forerunner Ventures. These include investors like Lerer Hippeau (12 companies).
- Invested after Forerunner Ventures: A total of 301 investors have invested in Forerunner Ventures's portfolio after their investments. Top Investors include Comcast Ventures (6 companies), Coatue (5 companies) and Sequoia Capital (5 companies).
Recent News related to Forerunner Ventures
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Depthfirst raises $80M to expand AI-native security platform and train domain-specific modelsSiliconAngle•Mar 31, 2026•DepthFirst, Meritech, Alt Capital, The House Fund and 6 others
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Finance Novig Raises $75M Series B to Build a Trader-First Sports Prediction Marketbitcoinethereumnews.com•Feb 18, 2026•Pantera Capital, Novig, Novig, Multicoin Capital and 6 others
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Humans& Raises $480M Seed at $4.48B Valuation for Frontier AI LabTechStartups.com•Jan 20, 2026•Nvidia, Alphabet, SV Angel, humans& and 11 others
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Agentio Secures $40M Series B Funding to Connect Brands with Relevant CreatorsAdExchanger•Nov 18, 2025•Agentio, Forerunner, Antler, AlleyCorp and 6 others
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Arrived Launches Real Estate 'Stock Market' & Raises $27 Milliontheregistryps.com•Nov 14, 2025•Arrived, Neo, Forerunner Ventures, Bezos Expeditions
