What is Forter?
Forter is a private company headquartered in New York City, specializing in AI-driven solutions designed to combat fraud and enhance identity verification within the digital commerce landscape. Its platform is engineered to detect fraudulent activities, optimize payment processes, and mitigate chargebacks for businesses globally. By automating decision-making throughout the transaction lifecycle, Forter aims to bolster customer trust, reduce operational risks, and maximize legitimate transaction approvals. The company serves a diverse clientele, including global e-commerce enterprises, payment service providers, and financial institutions, by providing robust security and streamlining the customer experience.
How much funding has Forter raised?
Forter has raised a total of $650M across 7 funding rounds:
Series A
$3M
Series B
$15M
Series C
$32M
Series D
$50M
Series E
$125M
Series F
$300M
Series E
$125M
Series A (2014): $3M with participation from Steamboat Ventures
Series B (2014): $15M led by New Enterprise Associates and Steamboat Ventures
Series C (2016): $32M supported by BA Venture Partners, New Enterprise Associates, and Steamboat Ventures
Series D (2018): $50M featuring New Enterprise Associates, Salesforce Ventures, March Capital Partners, and Steamboat Ventures
Series E (2020): $125M backed by Felix Capital Partners LLP, Itai Tsiddon, BA Venture Partners, Bessemer Venture Partners, Steamboat Ventures, NewView Capital, March Capital Partners, and Commerce Ventures
Series F (2021): $300M with participation from Third Point, Adage Capital Management, and Tiger Global Management
Series E (2025): $125M led by Bessemer Venture Partners, Felix Capital, March Capital, NewView Capital, Sequoia Capital, Scale Venture Partners, and Commerce Ventures
Key Investors in Forter
Third Point
Third Point Management is a New York-based hedge fund founded in 1995, specializing in public equity, fixed income, and ADR markets, known for its active investment strategies.
Adage Capital Management
Adage Capital Management is a Boston-based money management firm with a primary focus on S&P 500 assets, managing investments across various market segments.
Tiger Global Management
Tiger Global Management, established in 2001 and headquartered in New York City, is an investment firm that deploys capital across both public and private markets, with a broad investment scope.
What's next for Forter?
With its substantial enterprise-level backing and recent strategic investment, Forter is well-positioned for accelerated expansion and innovation. The company's focus on AI-powered fraud prevention and identity intelligence aligns with the increasing demand for secure and seamless digital commerce experiences. Future growth is likely to involve further development of its platform capabilities, expansion into new markets, and strengthening partnerships with key players in the e-commerce and financial sectors. This sustained capital infusion suggests a strategic push towards solidifying its market leadership and addressing evolving fraud tactics.
See full Forter company page
