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§ Private Profile · London, United Kingdom
AI-powered SaaS platform for project management and resource planning, integrating enterprise data for professional services and enterprise teams.
Forecast is a software company based in Copenhagen, Denmark, that provides an AI-powered platform for enterprise project management and resource planning. The software integrates data from enterprise applications such as Salesforce, GitLab, and Asana to assist professional services teams with task assignment, time tracking, and performance estimation. Operating on a SaaS subscription model, the platform serves customers across more than forty countries and has processed over four million tasks across 178,000 managed projects. The enterprise maintains additional offices in London and New York City to support its growth, having raised more than $28 million in total venture capital funding. This financing includes a $19 million Series A round in May 2021 led by Balderton Capital with participation from Crane Venture Partners and other investors. Forecast was founded prior to 2019 by a team including co-founder and CEO Dennis.
Forecast has raised $24.5M across 2 funding rounds.
Forecast has raised $24.5M in total across 2 funding rounds.
Forecast has raised $24.5M across 2 funding rounds. Most recently, it raised $19.0M Series A in May 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2021 | $19M Series A | Balderton Capital | 3VC, Eurazeo, Heartcore Capital, Insight Partners, Optum Ventures, Florian Huber, Preben Damgaard, Crane Venture Partners, Seed Capital | Announced |
| Nov 1, 2019 | $5.5M Venture Round | Krishna Visvanathan | Heartcore Capital, Seed Capital | Announced |
Forecast has raised $24.5M in total across 2 funding rounds.
Forecast's investors include Balderton Capital, 3VC, Eurazeo, Heartcore Capital, Insight Partners, Optum Ventures, Florian Huber, Preben Damgaard, Crane Venture Partners, SEED Capital, Krishna Visvanathan.
Forecast is a technology company that provides an AI-native professional services automation (PSA) platform designed to streamline project, resource, and financial management for service-based organizations. Its software integrates project planning, execution, resource allocation, time tracking, financials, and business intelligence into a single platform, enabling clients to optimize operations and improve financial outcomes. Forecast primarily serves industries such as software development, e-commerce, advertising, digital agencies, consulting, and technology companies. The platform leverages AI to deliver real-time insights, predictive analytics, and intelligent automation, helping teams manage projects more efficiently and predictably[1][2][4][5].
Founded in 2016 and headquartered in Copenhagen, Denmark, Forecast was created by a team including CEO Dennis Kayser, an entrepreneur and technology innovator. The idea emerged from the need to improve project delivery and resource management in professional services through intelligent automation. Early traction was driven by the platform’s ability to unify disparate project management functions into one AI-powered system, which resonated with technology and service organizations seeking better operational control and financial visibility. The company has since expanded its team globally and attracted venture capital investment from firms such as Balderton Capital and Crane Venture Partners[1][2][3].
Forecast rides the growing trend of AI-driven automation in professional services and project management, addressing the increasing complexity and demand for efficiency in knowledge work. The timing is favorable as organizations seek to leverage AI to reduce manual workload, improve predictability, and gain financial control over projects. Market forces such as digital transformation, remote work, and the rise of service-based economies amplify the need for intelligent project operating systems. Forecast influences the ecosystem by setting new standards for AI integration in PSA software, encouraging competitors and clients alike to adopt smarter, data-driven approaches to project delivery[1][2][4][5].
Looking ahead, Forecast is poised to expand its market presence, particularly in the US, supported by recent funding rounds and strategic hires like CFO Simone Goodman. The company will likely deepen its AI capabilities, enhance integrations, and broaden its customer base across professional services sectors. Trends such as increased adoption of AI, demand for real-time business intelligence, and the shift toward hybrid work models will shape its growth trajectory. Forecast’s influence may evolve from a project management tool to a comprehensive enterprise work platform, driving smarter decision-making and operational excellence in service organizations[3][4].
In sum, Forecast stands out as a pioneering AI-native platform transforming how professional services manage projects and resources, aligning well with the future of work and technology-driven efficiency.