About Forge Ventures
Forge Ventures is a venture capital firm founded in 2021. It is primarily based out of Singapore, Singapore. As of Oct 2025, Forge Ventures is an active investor, having invested in 12 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in Singapore based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and Retail. Most recently it participated in the $***** Seed round of Blue Whale Energy Overall, Forge Ventures portfolio has seen 1 acquisition, namely Headquarters. A lot of funds co-invest with Forge Ventures, with names like Entrepreneur First sharing a substantial percentage of its portfolio. Forge Ventures has team of 4 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Rounds of Entry
Seed
Portfolio Acquisitions
Deals in last 12 months
Forge Ventures' List of Top Investments
Forge Ventures has a portfolio of 12 companies. Their most notable investments are in Marathon Education and Baskit.Their portfolio spans across Singapore, Indonesia and Vietnam. They have invested in Enterprise Applications, Consumer, Retail and 14 other sectors, across stages such as Seed stage. Here is the list of top investments by Forge Ventures:1. Prefer
Provider of an alternative coffee product made without traditional coffee beans. The company offers a more affordable and sustainable coffee option. It addresses climate change concerns impacting coffee farmland and the carbon footprint of traditional coffee production. The company aims to provide a delicious coffee alternative.
Key facts about Prefer
- Founded Year: 2022
- Location: Singapore (Singapore)
- Annual Revenue: SGD 0 - 1M as on Dec 31, 2023
- Stage: Seed
- Total Funding till date: $6.2M
- Investors: SEEDS Capital, At One Ventures and 8 Others
- Latest Funding Round: Seed, Aug 13, 2025, $*****
2. Baskit
Provider of cloud-based supply chain distribution solutions for wholesalers and distributors. The company offers a cloud-native platform that provides digital tools to wholesalers and distributors. It offers an ecosystem for offline distribution businesses. The app is available on the Android & iOS platforms.
Key facts about Baskit
- Founded Year: 2022
- Location: Jakarta (Indonesia)
- Stage: Series A
- Total Funding till date: $9.7M
- Employee Count: 70 as on May 31, 2026
- Investors: Investible, Cento Ventures and 15 Others
- Latest Funding Round: Series A, Apr 15, 2026, $*****
- Highlight: Editors' Pick
Online platform providing multi-disciplinary courses. The company offers online live-streaming solutions for teachers, analysis solutions for students, teaching assistants, and more. Additionally, teachers can register on the platform by providing the necessary information online.
Key facts about Marathon Education
- Founded Year: 2021
- Location: Ho Chi Minh City (Vietnam)
- Stage: Seed
- Total Funding till date: $7.1M
- Employee Count: 85 as on May 31, 2026
- Investors: Y Combinator, Goodwater Capital and 7 Others
- Latest Funding Round: Seed, Oct 06, 2022, $*****
- Highlight: Editors' Pick
4. Headquarters
Online platform offering multiple services for crypto. Its product portfolio includes a wallet, bookkeeping, payouts, and more. It allows users to make more than one transfer in one transaction and automate their transaction records.
Key facts about Headquarters
- Founded Year: 2022
- Location: Singapore (Singapore)
- Stage: Acquired
- Total Funding till date: $5M
- Employee Count: 20 as on Apr 30, 2026
- Investors: MassMutual Ventures, CoinHako and 16 Others
- Latest Funding Round: Seed, Sep 20, 2022, $*****
- Highlight: Acquired
5. Drigmo
App-based listing platform for restaurants. It provides a community platform and allows users to review, share, and support local restaurants. Its mobile application is available on the iOS platform.
Key facts about Drigmo
- Founded Year: 2022
- Location: Singapore (Singapore)
- Stage: Funding Raised
- Investors: Forge Ventures
Forge Ventures' Year-on-Year Investment Trends
Forge Ventures has invested in 12 companies over the last 5 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 4 investments. Its most recent first time investment was in Blue Whale Energy and most recent follow-on round was in Prefer.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 2 | 2 | 4 |
2024 | 3 | 0 | 3 |
2023 | 2 | 1 | 3 |
2022 | 2 | 1 | 3 |
2021 | 2 | 0 | 2 |
Forge Ventures' Investments by Stage
Forge Ventures has made 11 investments in Seed stage with an average round size of $2.06M.Forge Ventures' Investments by Sector
Forge Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Vertical SaaS, EdTech and Food and Agriculture Tech. Notably, it has invested in 12 Tech companies, 9 Enterprise (B2B) companies, 8 Software companies and at least 5 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 7 |
Consumer | 4 |
Vertical SaaS | 3 |
EdTech | 2 |
Food and Agriculture Tech | 2 |
Others | 18 |
Note: We have considered here, only first round of investments
Forge Ventures' Investments by Geography
Forge Ventures has made most investments in Singapore (7), followed by Indonesia where it has made 3 investments.Country | No. of Investments |
|---|---|
Singapore | 7 |
Indonesia | 3 |
Vietnam | 1 |
Note: We have considered here, only first round of investments
Forge Ventures' recent investments
Forge Ventures has not made any investment in 2026 so far.Here are the most recent investments by Forge Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 30, 2025 | Singapore | Seed | 7568 | [+2] | |
Aug 13, 2025 | Singapore | Seed | 3537 | [+1] | |
Mar 18, 2025 | Singapore | Seed | 2082 | [+7] | |
Feb 17, 2025 | Indonesia | Seed | 5840 | ||
Oct 07, 2024 | Singapore | Seed | 2302 | - |
Acquired companies in Forge Ventures' Portfolio
1 company from Forge Ventures' portfolio has been acquired. The most recent acquisition was Headquarters in May 2025 by Gnosis for $*****.Here are Forge Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 15, 2025 | Sep 20, 2022 | Seed | 9243 |
Team profile of Forge Ventures
Forge Ventures has a team of 4 members including 1 Partner and 2 Principals located in Singapore and Philippines. Forge Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Forge Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Singapore | - | ||
Principal | Philippines | - | ||
Principal | Singapore | - |
Co-investors of Forge Ventures
Over the past 5 years, 65 investors have co-invested in Forge Ventures's portfolio companies. This includes funds and angels.
- Invested before Forge Ventures: Kopi Kenangan and Taurus Ventures have invested in rounds before Forge Ventures. There is 1 company where Kopi Kenangan has invested before Forge Ventures and 1 company where Taurus Ventures has invested before Forge Ventures.
- Top Co-investors of Forge Ventures: 39 investors entered a company along with Forge Ventures. These include investors like Entrepreneur First (2 companies).
- Invested after Forge Ventures: A total of 24 investors have invested in Forge Ventures's portfolio after their investments. Top Investors include Y Combinator (2 companies), At One Ventures (1 company) and Chancery Hill (1 company).
Recent News related to Forge Ventures
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Singapore's Prefer Secures $4.2M for Bean-Free Coffee & Cocoa ExpansionGreen Queen•Aug 13, 2025•Prefer, Forge Ventures, One Ventures, Chancery Hill and 2 others
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Singapore-based healthtech startup raises US$2.2M from investors including Gojek, Syfe foundersVulcan Post•Mar 18, 2025•Mito Health, Forge Ventures, Y Combinator, CapitalX and 2 others
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Nexmedis Secures Funding to Revolutionize Indonesian HealthcareTechNode•Feb 17, 2025•Nexmedis, East Ventures, Forge Ventures, Intudo Ventures and 2 others
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Yolk.fm raises $1.25M for text-free social app to make messaging fun and engagingTechStartups.com•Feb 29, 2024•Forge Ventures, DST Global, Temasek
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Prefer Raises $2M to Expand Bean-Free Coffee Brand Across AsiaStartup Story•Feb 23, 2024•Prefer, Forge Ventures, 500 Global, Accelerate Technology and 5 others
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SG-based bean-free coffee supplier Prefer raises US$2m in seed funding roundSingapore Business Review•Feb 22, 2024•500 Global, Better Bite Ventures, sopoong, SEEDS Capital and 9 others
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Indonesian Fintech Startup Orderfaz Secures Pre-Seed Funding Led by 1982 VenturesAsiaTechDaily•Jul 16, 2023•Orderfaz, 1982 Ventures, Baskit, Betatron Venture Group and 4 others
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SG healthtech startup Mito Health scores $1.3m in fresh fundingAsiaTechDaily•Jul 16, 2023•Mito Health, Forge Ventures
