What is Forage?
Founded in 2017, Forage is a San Francisco-based technology company dedicated to democratizing access to career opportunities. Co-founders Tom and Pasha established Forage with the mission to bridge the gap for students from disadvantaged backgrounds, enabling them to discover and secure jobs previously considered out of reach. This initiative stems from their personal experiences navigating career barriers. Forage's platform provides virtual work experience programs, allowing individuals to gain practical skills and insights into various industries, thereby enhancing their employability and connecting them with potential employers.
How much funding has Forage raised?
Forage has raised a total of $9.3M across 1 funding round:
Series A
$9.3M
Series A (2020): $9.3M with participation from Arizona State University, FundersClub Inc, Y Combinator, and Lightspeed Venture Partners
Key Investors in Forage
Arizona State University
Arizona State University, a public research university, likely supports Forage's mission to provide educational and career opportunities, aligning with its role in student development and access.
Y Combinator
Y Combinator, a renowned seed accelerator, provides early-stage funding and mentorship to startups, indicating their belief in Forage's foundational potential and scalability.
Lightspeed Venture Partners
Lightspeed Venture Partners is a global venture capital firm specializing in early and growth-stage technology companies, suggesting their investment in Forage is driven by its innovative approach to talent acquisition and its significant market opportunity.
What's next for Forage?
With a significant enterprise-level funding context, Forage is poised for accelerated expansion and innovation. The recent strategic investment signals strong investor confidence in Forage's model for enhancing career accessibility and talent acquisition. Future developments are likely to focus on broadening the platform's reach, forging new partnerships with educational institutions and corporations, and further developing its technology to create more immersive and effective virtual internship experiences. This strategic financing will empower Forage to scale its operations, enhance its product offerings, and solidify its position as a leader in the future of work and education.
See full Forage company page
