Forecast is an AI-native SaaS platform for professional services automation (PSA), unifying project management, resource planning, time tracking, budgeting and business intelligence. Founded in Copenhagen in 2016 by Dennis Kayser and co-founders, the company uses machine learning to automate project scoping, capacity planning, profitability forecasting and margin control for project-based businesses including agencies, consultancies and IT services firms. Customers include the Red Cross, Distributed, O2 Web and PeakActivity. In July 2025 Forecast was acquired by Denver-based PSA platform Accelo (a Bow River Capital portfolio company), forming a combined entity with offices in the US, UK, Denmark and Australia.
Forecast has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2016
Employees
51–200
Total Funding
$19M
2 rounds
Total raised $19M across 2 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series A
Date
May 19, 2021
Amount
$19M
Valuation
—
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| May 19, 2021 | Series A | $19M | — | Balderton Capital |
| November 2019 | Seed | Not disclosed | — | Crane Ventures Partners |
Dennis Kayser
Co-Founder & CEO
Jens Duelund Pallesen
Co-Founder
Rasmus Aaen Madsen
Co-Founder
Niels Frederiksen
Co-Founder
Danny Larsen
Co-Founder
Competitor list is illustrative and may be incomplete, stale, or erroneous.
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