Forecast secures capital investment from Sunstone Capital and SEED Capital.
Forecast, a Copenhagen, Denmark-based company providing a software as a service project management tool, announced securing DKK 18M ($2.8M) in capital investment.
Forecast, founded in 2016 by Danny Larsen and Dennis Kayser, developed a cloud-based software solution that automatically connects a company’s projects and business data, being able to deliver precise forecasts of how many resources you need to spend on a given project by recognizing patterns from earlier projects.
The company has 22 employees, expanded from two to 32 countries and will open a New York office by the end of 2018.
Prior to this deal, Forecast secured $900k.