Forecastr Inc.
Year founded: 2020
Headquarters: Louisville
Number of employees: 30
Founders: Steven Plappert, CEO; Logan Burchett, COO; Jonathan Frazier, former chief data officer; and Steven Ambs, former chief design officer
Amount of capital raised: $4.5 million
Notable investors: Resolute Ventures, FutureLabs Capital, Uncorrelated Ventures, Converge VC, Render Capital, Venture First, Techstars, Practical VC, Phoebe Wood, Gill Holland, Greg Langdon, Bill Strench
Description: Forecastr is the “Carta of Financial Models” that helps venture-backed companies raise capital, hit growth targets and maintain better financial health.
What is your company working on right now? We’re working on becoming the default operating system for financial planning and analysis in the venture-backed ecosystem. In order to achieve this objective, in the near-term, we are hiring engineers and designers to build our product, sales reps to sell our product and financial analysts to onboard and serve our customers. We are integrating a variety of data sources into the Forecastr platform [accounting, customer relationship management] We are working on feature sets related to financial analytics & reporting. We are raising an $8 million Series A and expanding our deep partner network of influential venture communities like Techstars, SVB, Hubspot, Carta and Gust.
What’s on the horizon for your company in 2023? A lot more of the above. This will require continual investment in our team and we’ll be looking for great product people, engineers, designers, sales reps, analysts, etc. We will continue to double-down on the strategic networks that drive our growth, and give us a defensible market position. We will continue to broaden — and deepen — the value of the Forecastr product to expand beyond an online financial model to a full-service financial planning and analysis operating system.
Why grow your company from Kentucky? Because it’s our home. You can build a great company from anywhere, so why not do it here in the Bluegrass!
Give us one bold prediction in 2023 for startups, technology or venture capital/fundraising. Twitter will collapse under the colossal weight of Elon Musk’s ego.
