# Forager Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/forager-group

- Industry: Software
- Headquarters: Chicago, US
- Website: www.foragerscs.com
- Total disclosed funding: $12M
- Latest round: Series A (Jul 7, 2020)
- Investors on record: 7

## About

Based in the US, Forager Group, Inc. is a technology-focused firm that delivers digital solutions to enhance online operations and presence across various industries.Forager Group, Inc. specializes in providing technology-driven solutions for businesses, enhancing their digital presence and operational efficiency. Founded in 2018 in Chicago, US, the company has engaged in 4 deals, with the most recent occurring on February 1, 2022. The firm secured a Series A funding round of USD 9.30 mn led by US Venture Partners, alongside investors such as Chicago Ventures and Soma Capital Management. The founders of the company are Jordan Salins and Matt Silver, with Matt Silver serving as the current CEO.Forager Group, Inc. offers a range of digital solutions tailored for diverse industries, focusing on website hosting, content management systems, and performance optimization tools. These services enable clients to improve site reliability and user experience while facilitating easy content updates. Their client base includes small to medium-sized enterprises and larger corporations, with products accessible in North America, Europe, and selected Asian markets where digital infrastructure is advancing.The company generates revenue through a subscription-based model, providing clients with access to services across different pricing tiers based on usage and support. This structure allows for a steady cash flow and facilitates customer engagement as they choose plans to suit their operational requirements. Key revenue-generating products include proprietary content management tools and website performance analytics, with pricing plans designed for scalability as clients grow their businesses.Following its acquisition in February 2022 by Arrive Logistics, Forager Group, Inc. is set to enhance its technology and cross-border services, particularly targeting expansions into Canada and Mexico. The latest funding will support these initiatives, with plans for new product launches and improved service offerings as the company aims to strengthen its market presence in North America. The strategic focus will be on leveraging enhanced technology to facilitate seamless operations across borders.

## Funding rounds

- Series A, Jul 7, 2020 — Alumni Ventures Group, Proeza Ventures, Industrious Ventures
- Series A, Mar 23, 2020, $9.3M — US Venture Partners, Chicago Ventures, Soma Capital Management
- Seed, Jul 30, 2019, $3.1M — Chicago Ventures, TransForce Inc.

## Investors

- Chicago Ventures (https://capitalatlas.ai/funds/chicago-ventures) — Seed, Series A
- TransForce Inc. — Seed
- US Venture Partners (https://capitalatlas.ai/funds/us-venture-partners) — Series A
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series A
- Proeza Ventures (https://capitalatlas.ai/funds/proeza-ventures) — Series A
- Industrious Ventures (https://capitalatlas.ai/funds/industrious-ventures) — Series A