# Forge funding: rounds and investors > Forge has raised $104M across 7 rounds since 2016. Investors include Makers Fund, HashKey Capital and Y Combinator. Every round with its source. Source: https://millionrounds.com/company/forge (Millionrounds; every figure on the page links to its filing or article) United States · [Seed startup](https://millionrounds.com/companies) # Who invested in *Forge* 7 rounds we have observed, with the 16 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. Financial Services Internet Funding summary Updated 26 Oct 2026 **$104M** raised across 7 rounds since 2016, from 9 sources **$4.5M** Series A **$69M** Round **$17M** Series A **$11M** Seed **$500K** Pre-seed **$2.5M** Seed - **Latest round:** Seed, $2.5M Oct 2025 - **Biggest round:** $69M Round · Sept 2021 - **Step-up i:** 5× - **Investors:** 16 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. 2016 2018 2020 2022 2024 **$4.5M** Series A **$69M** Round **$17M** Series A **$11M** Seed **$500K** Pre-seed **?** Venture **$2.5M** Seed - **First round:** Series A, $4.5M - **Biggest round:** $69M - **Usual gap between rounds:** 13 months ## The rounds - **Oct 2025** Seed **$2.5M** *1 new* [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) Source recorded - **Sept 2024** Venture **Amount undisclosed** *3 new* *2 returning* [Polygon](https://millionrounds.com/fund/polygon) [BITKRAFT Ventures](https://millionrounds.com/fund/bitkraft-ventures) [Makers Fund](https://millionrounds.com/fund/makers-fund) [HashKey Capital](https://millionrounds.com/fund/hashkey-capital-2) [Montage Ventures](https://millionrounds.com/fund/montage-ventures) Source recorded and 1 other SEC filing: $5.5M sold, first sale Oct 2024 - **Feb 2024** Pre-seed **$500K** *1 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) Source recorded and 1 other - **Oct 2023** Seed **$11M** *4 new* [True Ventures](https://millionrounds.com/fund/true-ventures-2) [Makers Fund](https://millionrounds.com/fund/makers-fund) [HashKey Capital](https://millionrounds.com/fund/hashkey-capital-2) [Griffin Gaming Partners](https://millionrounds.com/fund/griffin-gaming-partners) Source recorded - **Dec 2021** Series A **$17M** *3 new* [NextView Ventures](https://millionrounds.com/fund/nextview-ventures) [Eclipse](https://millionrounds.com/fund/eclipse) [Bantam Group](https://millionrounds.com/fund/bantam-group) Source recorded - **Sept 2021** Round **$69M** *3 new* [Temasek Holdings](https://millionrounds.com/fund/temasek) [Draper Associates](https://millionrounds.com/fund/draper-associates) [Munich Re Ventures](https://millionrounds.com/fund/munich-re-ventures) Source recorded - **Jun 2016** Series A **$4.5M** *1 new* True Ventures & Social Capital Reported by FinSMEs ## 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 A** 2016 **Round** 2021 **Series A** 2021 **Seed** 2023 **Pre-seed** 2024 **Venture** 2024 **Seed** 2025 [Makers Fund](https://millionrounds.com/fund/makers-fund) [HashKey Capital](https://millionrounds.com/fund/hashkey-capital-2) [Y Combinator](https://millionrounds.com/fund/y-combinator) [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [True Ventures](https://millionrounds.com/fund/true-ventures-2) [Temasek Holdings](https://millionrounds.com/fund/temasek) [Draper Associates](https://millionrounds.com/fund/draper-associates) [NextView Ventures](https://millionrounds.com/fund/nextview-ventures) [Polygon](https://millionrounds.com/fund/polygon) [BITKRAFT Ventures](https://millionrounds.com/fund/bitkraft-ventures) ## Everyone who backed them [Makers Fund](https://millionrounds.com/fund/makers-fund) VC firm **2** rounds [HashKey Capital](https://millionrounds.com/fund/hashkey-capital-2) VC firm **2** rounds [Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) VC firm **1** round [True Ventures](https://millionrounds.com/fund/true-ventures-2) VC firm **1** round [Temasek Holdings](https://millionrounds.com/fund/temasek) VC firm **1** round [Draper Associates](https://millionrounds.com/fund/draper-associates) VC firm **1** round [NextView Ventures](https://millionrounds.com/fund/nextview-ventures) VC firm **1** round [Polygon](https://millionrounds.com/fund/polygon) Hedge fund **1** round [BITKRAFT Ventures](https://millionrounds.com/fund/bitkraft-ventures) VC firm **1** round [Montage Ventures](https://millionrounds.com/fund/montage-ventures) VC firm **1** round [Eclipse](https://millionrounds.com/fund/eclipse) VC firm **1** round [Bantam Group](https://millionrounds.com/fund/bantam-group) VC firm **1** round [Griffin Gaming Partners](https://millionrounds.com/fund/griffin-gaming-partners) VC firm **1** round [Munich Re Ventures](https://millionrounds.com/fund/munich-re-ventures) Corporate VC **1** round True Ventures & Social Capital no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=forge). ## Quick answers about Forge ### Who invested in Forge? Forge's investors include Makers Fund, HashKey Capital, Y Combinator, Alumni Ventures and True Ventures, and 11 more on record. ### How much has Forge raised? Forge has raised $104M across 7 rounds since 2016. One round did not disclose an amount, so the total is a floor. ### When did Forge last raise? Forge's most recent round was a Seed of $2.5M in Oct 2025. ### What was Forge's biggest round? Forge's largest round on record is $69M (Undisclosed round), in Sept 2021. ### Who backed Forge first? Forge's first round on record, in Jun 2016, was backed by True Ventures & Social Capital. ### What stage is Forge at? Forge's latest named round is a Seed, in Oct 2025. ### Where is Forge based? Forge is based in the United States. ## Companies like Forge In the same sector, and raised in the last eighteen months. [**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**CapitalOS** $52M · Oct 2026](https://millionrounds.com/company/capitalos)[**Platform Accounting Group** $355M · Oct 2026](https://millionrounds.com/company/platform-accounting-group) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app