Who invested in Forest

3 rounds we have observed, with the 6 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

E-commerce

Raised 6 months ago

Funding summaryUpdated 26 Oct 2026

$43Mraised across 3 rounds since 2025, from 4 sources

$16MSeries B$27MSeries B$52KSecondary

Latest round: Secondary, $52KMay 2026
Biggest round: $27MSeries B · Oct 2025
Investors: 6

See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

20252026

$16MSeries B$27MSeries B$52KSecondary

First round: Series B, $16M
Biggest round: $27M
Usual gap between rounds: 9 months

The rounds

May 2026
Secondary$52K2 returning
- Crowdcube
- Fen Ventures
Source recorded
Oct 2025
Series B$27M3 new
Source recorded
Jan 2025
Series B$16M3 new
Source recorded and 1 other

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Series B2025Series B2025Secondary2026

Crowdcube

Fen Ventures

Headline

Mizuho Corporate Bank

Infinity VenturesHackquarters

Everyone who backed them

CrowdcubeVC firm2rounds

Fen VenturesVC firm2rounds

HeadlineVC firm1round

Mizuho Corporate BankVC firm1round

Infinity VenturesVC firm1round

HackquartersInvestment firm1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 4 firms list Forest as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.