Total amount raised
$78 Millions
Latest funding date
03/01/2022
Location
Reforge has successfully raised funding through multiple rounds, with the last funding round being a Series B, which closed on February 10, 2022. The company is backed by 15 investors, including notable names like Talia Kennedy and NextView Ventures.
Keep reading to explore the intricacies of Reforge's fundraising journey and the investors backing this innovative platform.
What Is Reforge?
Reforge, founded in 2016 by Brian Balfour, is based in San Francisco, California. The company specializes in offering selective growth-focused programs for experienced professionals in marketing, product, data, and engineering. With a team of 51-100 employees, Reforge aims to provide professional development and masters-level education programs to help professionals reach their full potential.
How Much Funding Has Reforge Raised?
- Series B
- Amount Raised: $60M
- Date: March 2022
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Reforge's business reach and development efforts, including new programs and topics in product management, engineering leadership, and data.
- Series B
- Date: February 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Not publicly disclosed
- Series A
- Amount Raised: $18M
- Date: February 2021
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the growth and expansion of Reforge's professional development programs.
- Venture Round
- Date: June 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Not publicly disclosed
Total Amount Raised: $78M
Current Valuation: Not publicly disclosed
Key Investors
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm that invests in high-growth technology and software companies. Founded in 1995, the firm has a strong track record of supporting innovative businesses.
- Investment Focus Areas: High-growth technology, software, internet.
- Notable Investments: Shopify, Twitter, Qualtrics.
- Andreessen Horowitz
- Details: Andreessen Horowitz is a venture capital firm that backs bold entrepreneurs building the future through technology. The firm was founded in 2009 and is known for its extensive network and industry expertise.
- Investment Focus Areas: Technology startups, internet, software.
- Notable Investments: Facebook, Airbnb, Lyft.
- True Ventures
- Details: True Ventures is a venture capital firm that invests in early-stage technology startups. Established in 2005, the firm focuses on providing seed funding to innovative companies.
- Investment Focus Areas: Early-stage technology, internet, software.
- Notable Investments: Peloton, Fitbit, Ring.
- NextView Ventures
- Details: NextView Ventures is a venture capital firm focused on seed-stage investments in internet and software startups. Founded in 2010, the firm aims to support companies that improve everyday life.
- Investment Focus Areas: Seed-stage internet, software, consumer technology.
- Notable Investments: Attentive, Grove Collaborative, Skillshare.
- TCV
- Details: TCV is a private equity and venture capital firm that provides growth capital to technology companies. Since its inception in 1995, TCV has invested in over 350 companies.
- Investment Focus Areas: Growth-stage technology, internet, software.
- Notable Investments: Netflix, Spotify, Airbnb.
What's Next for Reforge?
The future looks promising for Reforge as it aims to expand its business reach and development efforts. With $60 million raised in its Series B funding round, the company plans to offer new programs and topics, including deeper dives in product management, engineering leadership, and data. This expansion is set to leverage the expertise of VPs and C-level executives, providing valuable insights to professionals.
Given the successful Series B round and the involvement of high-profile investors, Reforge may pursue additional funding rounds to further expand its offerings and market reach. However, the company will need to navigate challenges such as competition from other career development platforms and maintaining the quality and relevance of its content as it scales.
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