Kentucky Startup Secures $2.5 Million Seed Fundraising Round
    Kentucky Startup Secures $2.5 Million Seed Fundraising Round
    Render Capital

    LOUISVILLE, KY, May 17th, 2021

    Kentucky Startup Secures $2.5 Million Seed Fundraising Round

    15 June 2021

    Investments will help fuel the financial modeling software company’s growth. 

    Forecastr, a financial modeling software company headquartered in Louisville, Kentucky, has secured a $2.5 million seed fundraising round from venture capital firms across the country that will allow the company to continue to grow rapidly over the next two years.
    After securing investments from both local and national investment firms, Forecastr was able to close the seed fundraising round in just six weeks. The fundraising round was led by Resolute Ventures, a San Francisco-based firm that invested $1 million into Forecastr, as well as additional national and local investors, including Render Capital, Uncorrelated Ventures, Converge VC, Techstars Ventures, Future Labs Capital, Interlock Capital, Practical VC, Root & Shoot Ventures, and some angel investors.

    “This funding is going to help take our company to the next level. By the end of this year, we expect to now double our current full-time team of 12, and to rapidly grow our development, product, sales and marketing, reaching more customers than ever before. We are very grateful for the support of these investors and look forward to seeing many companies benefit from our product and assistance.”

    Steven Plappert, co-founder and CEO of Forecastr.

    The Forecastr platform allows companies to work hand-in-hand with a team of experts to build their financial model, so that they can successfully raise money and grow their company. Since January 2020, more than 150 companies have benefited from using the Forecastr financial modeling software.

    “It was a no-brainer for Render Capital to join alongside other amazing funds to invest in Forecastr. When we see a company, like Forecastr, that has a solid business model and the opportunity to positively impact people in a big way, we jump at the chance to get involved. We are confident in this product, which is going to help so many companies at the national level forecast their financial future and save money in today’s fast-paced, ever-changing world that we live in.”

    Patrick Henshaw, Managing Director, Render Capital.

    This is Forecastr’s second capital raise – the first in 2020 led to $750,000 in investments. The company currently has a monthly recurring revenue (MRR) of $10,000, but with the latest investments that will establish a scalable growth engine, is expecting to reach MMR of $100,000 to $150,000 from generating additional leads.
    For more information about Forecastr, visit https://www.forecastr.co/.

    About Forecastr
    Forecastr is the online software platform that helps founders build great financial models, impress investors, and make better decisions.

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