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Forage

San Francisco, CA · Founded 2019 · Privately Held (backing)

Developer of a financial platform designed to improve the efficiency of government subsidies. Forage is based in San Francisco, CA and was founded in 2019. Its last reported valuation was $238 million in Jan 2025. It has raised $57.5 million.

Last reported valuation
$238.0M
Oct 2026
Priced at
—
Total raised
$57.5M
Last round
—

Forage key facts

as of Oct 2026
  • Developer of a financial platform designed to improve the efficiency of government subsidies.
  • Forage is valued at approximately $238.0M as of Oct 2026 (last reported valuation).
  • It has raised $57.5M; the latest was Later Stage VC ($35.0M) in Jan 2025.
  • Notable investors include Y Combinator, Hustle Fund, Sprint VC, PayPal Ventures, Mucker Capital — 18 tracked in total.
  • 1 investment vehicle was formed to buy Forage shares in the last 12 months, reporting $209K sold to 2 investors, per SEC Form D filings.
  • Status: Privately Held (backing).
Last reported valuation
LOW confidence
$238.0M

Forage's last reported valuation, Jan 2025. Nothing priced has surfaced since.

set by last reported valuationas of Oct 2026question about this number?
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Forage funding rounds

No rounds on record

No funding rounds for Forage are on record yet — either the company hasn't raised institutional capital, or the raise hasn't surfaced in our sources.

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Vehicles formed to buy Forage shares

secondary demand · SEC Form D filings

In the last 12 months, 1 investment vehicle were formed to buy Forage shares, reporting $209K sold to 2 investors. Most recent filing Feb 2026.

The vehicle list — each sponsor, filing date, amount sold and investor count — is a Pro table. Unlock the 1 vehicle →

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Forage valuation

Forage's last reported valuation was $238 million in Jan 2025. No priced round, secondary trade or fund mark has surfaced since.

Institutional holders and vehicles

In the last 12 months, 1 investment vehicle was formed to buy Forage shares, reporting $209,480 sold to 2 investors, per SEC Form D filings (most recent Feb 2026).

Forage investors

18 investors are on record for Forage, including Y Combinator, Hustle Fund, Sprint VC and PayPal Ventures.

About Forage

Developer of a financial platform designed to improve the efficiency of government subsidies. The company's platform offers pre-built components for smooth checkouts, rapid USDA certification, fraud protection, and real-time analytics, operates with proven reliability, and is already USDA-approved, enabling merchants to accept EBT payments and providing accessibility to necessities for people with government assistance.

Sector
Information Technology
HQ
San Francisco, CA, United States
Founded
2019
Employees
50
Ownership
Privately Held (backing)

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