Forerunner Ventures

Venture capital firm

Early-stage venture firm backing founders with vision to define new categories from inception.

At a glance

Forerunner Ventures appears in 6 funding rounds tracked by ValueAddVC since 2026, leading 4. Its most frequent sector in these rounds is AI & Infrastructure, and its most recent tracked deal was Town's $108M Series B round (Oct 19, 2026). It co-invests most often with Menlo Ventures. ValueAddVC also tracks 7 funds managed by Forerunner Ventures.

Strategy

Stages
SeedSeries ASeries B
Sectors
BrandsMarketplacesAI
Geographies
USASan Francisco, California, USA
Check size
$500K-$20M

Recent changes

  1. Oct 19, 2026Invested in Town (Series B, $108M) GlobeNewswire
  2. Oct 14, 2026Invested in Marklo (Seed, $5M) Crunchbase News
  3. Sep 5, 2026Sectors updated: Brands, Marketplaces, AI forerunnerventures.com
  4. Aug 17, 2026Invested in Wispr Flow (Series B, $280M) TechCrunch
  5. Jul 20, 2026Invested in Natural (Series A, $30M) Natural
Earlier changes (10)
  1. Jul 16, 2026Invested in Fora (Series D, $60M) TechCrunch
  2. Jun 3, 2026Invested in Suno (Series D, $400M+) Music Business Worldwide
  3. Nov 8, 2024New fund: Forerunner Ventures Fund VII ($500M) SEC EDGAR Form D
  4. Feb 17, 2022New fund: Forerunner Ventures Fund VI ($1B) SEC EDGAR Form D
  5. Jul 20, 2020New fund: Forerunner Partners V ($500M) SEC EDGAR Form D
  6. Oct 9, 2018New fund: Forerunner Ventures Fund IV ($360M) SEC EDGAR Form D
  7. Jul 5, 2016Forerunner Ventures Fund II size rose from $55.5M to $75.757575M SEC EDGAR Form D
  8. Jul 5, 2016New fund: Forerunner Ventures Fund III ($122M) SEC EDGAR Form D
  9. Jul 5, 2016New fund: Forerunner Ventures Fund II ($75.757575M) SEC EDGAR Form D
  10. Jan 1, 2012New fund: Forerunner Ventures Fund I ($40M) Value Add VC funds tracker

Funds

7
FundVintageSizeStrategySource
Forerunner Ventures Fund VII2024$500MFlagship
As of Nov 11, 2024SEC EDGAR Form D
Forerunner Ventures Fund VI2022$1BFlagship
As of Feb 17, 2022SEC EDGAR Form D
Forerunner Partners V2020$500MFlagship
As of Jul 20, 2020SEC EDGAR Form D
Forerunner Ventures Fund IV2018$360MFlagship
As of Oct 9, 2018SEC EDGAR Form D
Forerunner Ventures Fund III2016$122MFlagship
As of Jul 5, 2016SEC EDGAR Form D
Show 2 earlier funds
FundVintageSizeStrategySource
Forerunner Ventures Fund II2013$75.757575MFlagship
As of Jul 5, 2016SEC EDGAR Form D
Forerunner Ventures Fund I2012$40MFlagship
As of 2012Value Add VC funds tracker

Portfolio

14 total

Recent Investment Activity

6

Track record: led 4 and participated in 2 of 6 tracked venture rounds · 6 in the last 12 months · led 1 Series B, 1 Seed, 1 Series A, 1 Series D

DateCompanyEventRoleAmountValuationInvestorsSource
Oct 19, 2026TownSeries BLed$108M$1B
Forerunner VenturesLeadunverifiedMenlo VenturesLeadunverifiedAndreessen HorowitzunverifiedFirst Round CapitalunverifiedBetter Tomorrow VenturesunverifiedScribble VenturesunverifiedSerena VenturesunverifiedPrecedent.vcSparked Ventures
GlobeNewswire
Oct 14, 2026MarkloSeedLed$5M—
Forerunner VenturesLeadunverifiedFreestyle Capitalunverified
Crunchbase News
Aug 17, 2026Wispr FlowSeries BParticipated$280M$2BTechCrunch
Jul 20, 2026NaturalSeries ALed$30M—
Forerunner VenturesLeadunverifiedY Combinatorunverified
Natural
Jul 16, 2026ForaSeries DLed$60M$1 billionPulse story
Jun 3, 2026SunoSeries DParticipated$400M+$5.4BMusic Business Worldwide

Sector / Stage Activity

By sector (portfolio)
Consumer
4 · 29%
AI infra
4 · 29%
Marketing
1 · 7%
Robotics
1 · 7%
Fintech
1 · 7%
Crypto
1 · 7%
Consumer AI
1 · 7%
By stage (tracked rounds)
Series B
2 · 33%
Series D
2 · 33%
Seed
1 · 17%
Series A
1 · 17%

Co-Investors

12

Similar Firms

overlapping sector, stage or region

Value Add Research

Latest Pulse

  1. Town Raises $108M Series B | $1B Valuation 4 Months After Series AThe AI assistant startup's valuation hit ten figures just months after its Series A, as investors race to fund AI tools built for entire teams rather than individual power users.→
  2. Marklo Raises $5M As Stella & Dot's Founder ReturnsStella & Dot founder Jessica Herrin raised a $5 million seed round led by Forerunner Ventures for Marklo, an AI tool that plans marketing campaigns for consumer brands.→
  3. Oura Sets $40-$44 Price Range, Trading Starts Next WeekOura launched its IPO roadshow with a $40-$44 price range targeting a $15.62 billion valuation, with Nasdaq trading expected the week of September 28, and disclosed revenue of $1.21 billion over nine months, up 74% year over year.→
  4. Town Nears $1B Valuation in Index-Led RoundEnterprise AI assistant Town is raising at roughly a $1 billion valuation in a round led by Index Ventures, the second personal-assistant startup to reach a billion-dollar mark in a week.→
  5. Natural Raises $30M to Build Payments Rails for AI AgentsA 193-day-old startup raised $30 million from Forerunner to build payments infrastructure for AI agents, positioning directly against Stripe.→
  6. Natural Raises $30M to Build Payment Rails for AI AgentsNatural raised a $30 million Series A from Forerunner to build an orchestration layer letting AI agents move money and settle transactions without a human authorizing each step, positioning directly against Stripe.→
  7. AI Travel Agency Fora Hits Unicorn on $60M RoundFora, a platform that helps people become AI-assisted travel agents, raised a $60 million Series D at a $1 billion valuation led by Forerunner and Tactile Ventures.→

Forerunner Ventures FAQ

What is Forerunner Ventures' latest fund?

Forerunner Ventures Fund VII, closed at $500M (As of Nov 11, 2024; SEC EDGAR Form D).

How large are Forerunner Ventures' funds?

Forerunner Ventures funds Value Add tracks include Forerunner Ventures Fund VII ($500M, 2024); Forerunner Ventures Fund VI ($1B, 2022); Forerunner Partners V ($500M, 2020); Forerunner Ventures Fund IV ($360M, 2018), out of 7 Forerunner Ventures funds tracked in total.

What companies has Forerunner Ventures invested in?

Forerunner Ventures' portfolio includes Town, Marklo, Mecka AI, Oura, Teal Health, Wispr Flow, and 8 more tracked companies.

Who does Forerunner Ventures co-invest with most?

In the rounds Value Add tracks, Forerunner Ventures most often invests alongside Menlo Ventures (4 shared deals), 8VC (3 shared deals), Acrew Capital (2 shared deals), Andreessen Horowitz (2 shared deals), Goodwater Capital (2 shared deals).

Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

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