# Forage

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

- Industry: Education/Training
- Headquarters: San Francisco, US
- Website: www.theforage.com
- Total disclosed funding: $34M
- Latest round: Series B (Aug 20, 2021)
- Investors on record: 10

## About

Forage is a US-based company that specializes in delivering free virtual work experience programs through job simulations designed by global employers, helping users gain practical skills for their careers.Founded in 2017 and headquartered in San Francisco, US, Forage specializes in virtual work experience programs. The company was established by founders Isabella McLaughlin, Kyla Quinlan, Melissa DeSa, Pasha Rayan, and Thomas Brunskill. As of April 2024, Forage was acquired by EAB Global, Inc., enhancing its educational solutions and global outreach. The latest funding round, a Series B, raised USD 25.00 mn, bringing the total amount raised to USD 25.00 mn, with a current valuation of USD 105.26 mn. Blackbird led this round, which included investors such as Citi Ventures, ETF@JFFLabs, FundersClub, Gaingels, Lightspeed Venture Partners, and Titanium Ventures.Forage offers a suite of free virtual work experience programs, featuring over 300 job simulations created by leading global employers. These simulations enable users to develop practical skills relevant to various careers, providing insights into real workplace scenarios. With a user base exceeding 5 million participants across North America, Europe, and Asia-Pacific, Forage bridges the gap between education and career opportunities for students and recent graduates.Forage's revenue model is based on partnerships with over 125 employers providing the job simulations. Users access these services for free, ensuring broad participation. The company may engage in co-branded simulations or sponsored content with partners, integrating employer branding within the job simulations and enhancing recruitment strategies.In April 2024, Forage was agreed to be acquired by EAB Global, Inc., which will enhance EAB's education solutions and global presence. The acquisition aligns with Forage's plans to expand its services and reach in new geographic markets, although specific new products and timelines have not been detailed.

## Funding rounds

- Series B, Aug 20, 2021, $25M — Lightspeed Venture Partners, FundersClub, Citi Ventures, Blackbird, Titanium Ventures, Gaingels, ETF@JFFLabs
- Series A, Sep 17, 2020, $9.3M — Lightspeed Venture Partners, Y Combinator, FundersClub, Arizona State University
- Seed, Jan 18, 2019, $0.1M — Y Combinator, FundersClub
- Seed, Feb 15, 2017 — H2 Ventures

## Investors

- H2 Ventures (https://capitalatlas.ai/funds/h2-ventures) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- FundersClub (https://capitalatlas.ai/funds/fundersclub) — Seed, Series A, Series B
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A, Series B
- Arizona State University — Series A
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Series B
- Blackbird (https://capitalatlas.ai/funds/blackbird) — Series B
- Titanium Ventures (https://capitalatlas.ai/funds/titanium-ventures) — Series B
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series B
- ETF@JFFLabs — Series B