# Forecast

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/forecast-aps

- Industry: Software
- Headquarters: Copenhagen, Denmark
- Website: www.forecast.app
- Total disclosed funding: $28M
- Latest round: Series A (May 19, 2021)
- Investors on record: 5

## About

Founded in 2016 and based in Copenhagen, Denmark, Forecast ApS develops a project management platform that enables teams to track the progress of ongoing projects and collaborate on tasks, measure team performance via real-time data insights and build corresponding reports, and automate project forecasting using artificial intelligence. Danny Larsen, Dennis Kayser, Jens Duelund Højstrup Pallesen, and Niels Frederiksen are the co-founders of the company. In July 2025, Accelo, Inc., a portfolio company of Bow River Capital, Level Equity, Rothenberg Ventures and Fathom Capital, acquired Forecast ApS from Balderton Capital, Crane Venture Partners, Heartcore Capital, SEED Capital, Innovation Fund Denmark and PreSeed Ventures. The Forecast AI-native platform is a system of intelligence that represents the most advanced technology that is applied to managing finances, resources, and projects. The firm's platform consists of AI work automation, project management, resource management, project accounting, business intelligence, apps, and integrations. The platform automates busywork, surfaces best practices, predicts outcomes, guides projects to success, and empowers every team member to do their best work. The organization generates revenue through its monthly subscription plans that include the lite plan at USD 29, the pro plan at USD 49, and the plus plan.

## Funding rounds

- Series A, May 19, 2021, $19M — SEED Capital, Heartcore Capital, Balderton Capital, Crane Venture Partners
- Seed, Nov 1, 2019, $5.5M — SEED Capital, Heartcore Capital, Crane Venture Partners
- Seed, Jul 4, 2018, $2.9M — SEED Capital, Heartcore Capital
- Seed, Dec 21, 2017, $0.4M — PreSeed Ventures, SEED Capital
- Seed, Sep 15, 2016, $0.5M — PreSeed Ventures, SEED Capital

## Investors

- PreSeed Ventures (https://capitalatlas.ai/funds/preseed-ventures) — Seed
- SEED Capital (https://capitalatlas.ai/funds/seed-capital) — Seed, Series A
- Heartcore Capital (https://capitalatlas.ai/funds/heartcore-capital) — Seed, Series A
- Crane Venture Partners (https://capitalatlas.ai/funds/crane-venture-partners) — Seed, Series A
- Balderton Capital (https://capitalatlas.ai/funds/balderton-capital) — Series A