London-based Forecast Raises $19m

May 19, 2021 · 1 min read
London-based Forecast Raises $19m
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The London-based startup Forecast helps integrate AI algorithms with businesses’ project management. In a Series A round of funding, they pulled in $19 million with the help of Balderton Capital, Crane Ventures Partners, SEED Capital and Heartcore.

The company had their seed funding round in November 2019, and never really got things going until the middle of the Covid-19 pandemic. Fortunately, it must have been just the right moment as over 150,000 projects utilized the platform since last year.

In a statement by CEO Dennis Kayser in TechCrunch:

“Typically you get a lot of spreadsheets, people scattered across different tools that include accounting, CRM, Gitlab and more,” Kayser said.

“Connecting everything into our engine, we leverage data to understand what they are working on and what is the right thing to be working on, what the finances are looking like,” “So if you work in product, you can plan out who is where, and what resourcing you need, what kind of people and skills you require.”