# Forward Networks funding: rounds and investors > Forward Networks has raised $112M across 4 rounds since 2014. Investors include Andreessen Horowitz, Goldman Sachs and SV Angel. Every round with its source. Source: https://millionrounds.com/company/forward-networks (Millionrounds; every figure on the page links to its filing or article) United States · [Series D startup](https://millionrounds.com/companies) # 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. AI Big Data & Analytics Cybersecurity Funding summary Updated 26 Oct 2026 **$112M** raised across 4 rounds since 2014, from 4 sources **$11M** Venture **$16M** Series B **$35M** Series C **$50M** Series D - **Latest round:** Series D, $50M Jan 2023 - **Step-up i:** 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. 2016 2018 2020 2022 **$11M** Venture **$16M** Series B **$35M** Series C **$50M** Series D - **First round:** Venture, $11M - **Biggest round:** $50M - **Usual gap between rounds:** 2.8 years ## The rounds - **Jan 2023** Series D **$50M** *1 new* *4 returning* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [SV Angel](https://millionrounds.com/fund/sv-angel) [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) [S32](https://millionrounds.com/fund/s32) [Threshold](https://millionrounds.com/fund/threshold) Source recorded SEC filing: $50M sold, first sale Dec 2022 - **Oct 2019** Series C **$35M** *3 new* *1 returning* [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) Lead [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Threshold](https://millionrounds.com/fund/threshold) A. Capital Reported by FinSMEs SEC filing: $35M sold, first sale Oct 2019 - **Aug 2017** Series B **$16M** *2 new* [A.Capital Ventures](https://millionrounds.com/fund/a-capital-ventures) DFJ/ Andreessen Horowitz Reported by FinSMEs - **Nov 2014** Venture **$11M** *3 new* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [SV Angel](https://millionrounds.com/fund/sv-angel) [A Capital Partners, L.P.](https://millionrounds.com/fund/a-capital-partners-l-p) From a historical funding record SEC 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 Erickson** CEO and Co-founder *Named on its 2023 Form D* **Peyman Kazemian** Chief Scientist and Co-founder **Brandon Heller** CTO and Co-founder *Named on its 2023 Form D* **Nikhil Handigol** Chief AI Officer and Co-founder *Named on its 2023 Form D* - **Tyler Olsen** VP Finance - **Mariana Antcheva** General Counsel - **Wesley Garrett** Director - **Andreas Stavropoulos** Director - **L. William Krause** Director - **Victor Hwang** Director On the board, as filed i *Joshua 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. **Venture** 2014 **Series B** 2017 **Series C** 2019 **Series D** 2023 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) L [SV Angel](https://millionrounds.com/fund/sv-angel) [Threshold](https://millionrounds.com/fund/threshold) [S32](https://millionrounds.com/fund/s32) [A.Capital Ventures](https://millionrounds.com/fund/a-capital-ventures) [A Capital Partners, L.P.](https://millionrounds.com/fund/a-capital-partners-l-p) A. Capital DFJ/ Andreessen Horowitz ## Everyone who backed them [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) VC firm **3** rounds [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) Private equity **2** rounds, led 1 [SV Angel](https://millionrounds.com/fund/sv-angel) VC firm **2** rounds [Threshold](https://millionrounds.com/fund/threshold) VC firm **2** rounds [S32](https://millionrounds.com/fund/s32) VC firm **1** round [A.Capital Ventures](https://millionrounds.com/fund/a-capital-ventures) VC firm **1** round [A Capital Partners, L.P.](https://millionrounds.com/fund/a-capital-partners-l-p) VC firm **1** round A. Capital no record of our own yet **1** round DFJ/ Andreessen Horowitz 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=forward-networks). ## 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. ## Companies like Forward Networks In the same sector, and raised in the last eighteen months. 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