United States · Series D startup

Who invested in Forward Networks

4 rounds we have observed, with the 9 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.

AIBig Data & AnalyticsCybersecurity

Funding summaryUpdated 26 Oct 2026

$112Mraised across 4 rounds since 2014, from 4 sources

$11MVenture$16MSeries B$35MSeries C$50MSeries D
Latest round
Series D, $50MJan 2023
Step-upi
1.4×
Investors
9 (1 led)
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.

2016201820202022
$11MVenture$16MSeries B$35MSeries C$50MSeries D
First round
Venture, $11M
Nov 2014
Biggest round
$50M
Series D · Jan 2023
Usual gap between rounds
2.8 years
the median of 3

The rounds

  1. Jan 2023
    Series D$50M1 new4 returning

    Source recordedSEC filing: $50M sold, first sale Dec 2022

  2. Oct 2019
    Series C$35M3 new1 returning

    Reported by FinSMEsSEC filing: $35M sold, first sale Oct 2019

  3. Aug 2017
    Series B$16M2 new

    Reported by FinSMEs

  4. Nov 2014
    Venture$11M3 new

    From a historical funding recordSEC filing: $11M sold, first sale Oct 2014

Founders and team

From Forward Networks's own website and the SEC filings it signed: 4 founders, 6 on the team.

David EricksonCEO and Co-founderNamed on its 2023 Form D
Peyman KazemianChief Scientist and Co-founder
Brandon HellerCTO and Co-founderNamed on its 2023 Form D
Nikhil HandigolChief AI Officer and Co-founderNamed on its 2023 Form D
  • Tyler OlsenVP Finance
  • Mariana AntchevaGeneral Counsel
  • Wesley GarrettDirector
  • Andreas StavropoulosDirector
  • L. William KrauseDirector
  • Victor HwangDirector

On the board, as filediJoshua Matheus

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.

Venture2014Series B2017Series C2019Series D2023Andreessen HorowitzGoldman SachsLSV AngelThresholdS32A.Capital VenturesA Capital Partners, L.P.A. CapitalDFJ/ Andreessen Horowitz

Everyone who backed them

Andreessen HorowitzVC firm3rounds
Goldman SachsPrivate equity2rounds, led 1
SV AngelVC firm2rounds
ThresholdVC firm2rounds
S32VC firm1round
A.Capital VenturesVC firm1round
A. Capitalno record of our own yet1round
DFJ/ Andreessen Horowitzno record of our own yet1round

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

Quick answers about Forward Networks

Who invested in Forward Networks?

Forward Networks's investors include Andreessen Horowitz, Goldman Sachs, SV Angel, Threshold and S32, and 4 more on record.

How much has Forward Networks raised?

Forward Networks has raised $112M across 4 rounds since 2014.

When did Forward Networks last raise?

Forward Networks's most recent round was a Series D of $50M in Jan 2023.

What was Forward Networks's biggest round?

Its most recent round, $50M in Jan 2023, is also its largest on record.

Who backed Forward Networks first?

Forward Networks's first round on record, in Nov 2014, was backed by Andreessen Horowitz, SV Angel and A Capital Partners, L.P..

What stage is Forward Networks at?

Forward Networks's latest named round is a Series D, in Jan 2023.

Where is Forward Networks based?

Forward Networks is based in the United States.

Who led Forward Networks's rounds?

Goldman Sachs led the Series C in 2019.

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