# Forage Technology Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/forage-technology-corporation

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.joinforage.com/
- Total disclosed funding: $61M
- Latest round: Series B (Jun 3, 2026)
- Investors on record: 9

## About

Based in California, US, and founded in 2020 by CEO Ofek Lavian and CTO Victor Esteban Fimbres, Forage Technology Corporation provides payments infrastructure that is designed for government social programs. In June 2026, Forage Technology Corporation, Inc. raised USD 40 million in series B funding led by Mouro Capital, with participation from FJ Labs, Intuit Ventures, Long Journey Ventures, NextLadder, Pivotal Ventures, Nyca and PayPal Ventures.

The company offers a third-party payment processor (TPP) and a pin provider that authenticates and processes Electronic Benefits Transfer (EBT) recipients and transactions. Additionally, the firm aligns with various grocers and platforms such as Shopify, flashfood, and many others to accept SNAP EBT payments.

The company plans to use the funding to scale its consumer app and expand its payments infrastructure for benefit programs.

## Funding rounds

- Series B, Jun 3, 2026, $39M — Nyca, Mouro Capital, FJ Labs, Pivotal Ventures, PayPal Ventures, Long Journey Ventures, Intuit Ventures, NextLadder
- Series A, Aug 8, 2022, $22M — Nyca, PayPal Ventures, Equal Opportunity Ventures

## Investors

- Nyca (https://capitalatlas.ai/funds/nyca) — Series A, Series B
- PayPal Ventures (https://capitalatlas.ai/funds/paypal-ventures) — Series A, Series B
- Equal Opportunity Ventures (https://capitalatlas.ai/funds/equal-opportunity-ventures) — Series A
- Mouro Capital (https://capitalatlas.ai/funds/mouro-capital) — Series B
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series B
- Pivotal Ventures (https://capitalatlas.ai/funds/pivotal-ventures) — Series B
- Long Journey Ventures (https://capitalatlas.ai/funds/long-journey-ventures) — Series B
- Intuit Ventures (https://capitalatlas.ai/funds/intuit-ventures) — Series B
- NextLadder (https://capitalatlas.ai/funds/nextladder) — Series B