Stage

IPO

Total Raised

$41.9M

Investors Count

19

Deal Terms

3

Portfolio Exits

8

Investments

26

Funding, Valuation & Revenue

5 Fundings

Money Forward has raised $41.9M over 5 rounds.

Money Forward's latest funding round was a IPO for $24.7M on October 5, 2017.

Money Forward's latest post-money valuation is from October 2017.

Sign up for a free demo to see Money Forward's valuations in October 2017 and more.

Date

Round

Amount

Investors

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Revenue

Sources

10/5/2017

IPO

$24.7M

$XXM

0

FY undefined

4

10/5/2016

Series D

$XXM

$XXM

0

FY undefined

10

10/22/2015

Series C

$XXM

$XXM

0

FY undefined

10

12/19/2014

Series B

$XXM

$XXM

0

FY undefined

10

10/28/2013

Series A

$XXM

$XXM

0

FY undefined

10

Date

10/5/2017

10/5/2016

10/22/2015

12/19/2014

10/28/2013

Round

IPO

Series D

Series C

Series B

Series A

Amount

$24.7M

$XXM

$XXM

$XXM

$XXM

Investors

Valuation

$XXM

$XXM

$XXM

$XXM

$XXM

Revenue

0

FY undefined

0

FY undefined

0

FY undefined

0

FY undefined

0

FY undefined

Sources

4

10

10

10

10

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Money Forward Deal Terms

3 Deal Terms

Money Forward's deal structure is available for 3 funding rounds, including their IPO from October 05, 2017.

Round

IPO

Series B

Series A

Funding Date

$XXM

$XXM

$XXM

Pre-Money Valuation

$XXM

Post-Money Valuation

$XXM

Amount Raised

$XXM

$XXM

$XXM

Shares Authorized

Issuance Price

Dividend Rate

Liquidation Preferences

Liquidation Price

Participation

Conversion Price

Anti Dilution

General Voting

$XXM

$XXM

$XXM

Board Voting

$XXM

$XXM

$XXM

Par Value

Round

Funding Date

Pre-Money Valuation

Post-Money Valuation

Amount Raised

Shares Authorized

Issuance Price

Dividend Rate

Liquidation Preferences

Liquidation Price

Participation

Conversion Price

Anti Dilution

General Voting

Board Voting

Par Value

IPO

$XXM

$XXM

$XXM

$XXM

$XXM

$XXM

Series B

$XXM

$XXM

$XXM

$XXM

Series A

$XXM

$XXM

$XXM

$XXM

Money Forward Investors

19 Investors

Money Forward has 19 investors. Pegasus Tech Ventures invested in Money Forward's Series D funding round.

First funding

Last Funding

Investor

Rounds

Board Seats

Type

Location

10/22/2015

10/5/2016

2
Series C, Series D (2016)

Venture Capital

California

10/5/2016

10/5/2016

1
Series D

Corporate Venture

Japan

10/5/2016

10/5/2016

1
Series D

Holding Company

Japan

00/00/0000

00/00/0000

North Pacific Bank

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Bank

Japan

00/00/0000

00/00/0000

The Gunma Bank

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Bank

Japan

First funding

10/22/2015

10/5/2016

10/5/2016

00/00/0000

00/00/0000

Last Funding

10/5/2016

10/5/2016

10/5/2016

00/00/0000

00/00/0000

Investor

North Pacific Bank

The Gunma Bank

Rounds

2
Series C, Series D (2016)
1
Series D
1
Series D

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Board Seats

Type

Venture Capital

Corporate Venture

Holding Company

Bank

Bank

Location

California

Japan

Japan

Japan

Japan

Money Forward Acquisitions

13 Acquisitions

Money Forward acquired 13 companies. Their latest acquisition was AKASHI on February 13, 2026.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

2/13/2026

$XXM

Acq - Pending

4

2/13/2026

$XXM

Acq - Pending

2

11/21/2025

Seed / Angel

$XXM

$3.67M

Acquired

2

9/3/2025

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$XXM

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10

5/30/2025

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$XXM

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10

Date

2/13/2026

2/13/2026

11/21/2025

9/3/2025

5/30/2025

Investment Stage

Seed / Angel

Companies

Subscribe to see more

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Valuation

$XXM

$XXM

$XXM

$XXM

$XXM

Total Funding

$3.67M

Note

Acq - Pending

Acq - Pending

Acquired

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Sources

4

2

2

10

10

Money Forward Investments

26 Investments

Money Forward has made 26 investments. Their latest investment was in Sleek as part of their Series B on June 10, 2025.

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Money Forward Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/10/2025

Series B

Sleek

$23M

Yes

3

2/5/2025

Series E

Leading Mark

No

3

11/22/2024

Seed VC - II

Fondo

$7M

Yes

2

7/1/2024

Seed VC

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$XXM

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10

4/1/2024

Corporate Minority - P2P

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10

Date

6/10/2025

2/5/2025

11/22/2024

7/1/2024

4/1/2024

Round

Series B

Series E

Seed VC - II

Seed VC

Corporate Minority - P2P

Company

Sleek

Leading Mark

Fondo

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Amount

$23M

$7M

$XXM

New?

Yes

No

Yes

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Co-Investors

Sources

3

3

2

10

10

Money Forward Portfolio Exits

8 Portfolio Exits

Money Forward has 8 portfolio exits. Their latest portfolio exit was Infcurion on October 24, 2025.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/24/2025

IPO

$XXM

Public

2

9/19/2025

Divestiture

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$XXM

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10

9/3/2025

Divestiture

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$XXM

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10

3/31/2025

Corporate Majority

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$XXM

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10

1/2/2023

Acquired

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$XXM

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10

Date

10/24/2025

9/19/2025

9/3/2025

3/31/2025

1/2/2023

Exit

IPO

Divestiture

Divestiture

Corporate Majority

Acquired

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$XXM

$XXM

$XXM

$XXM

$XXM

Acquirer

Public

Subscribe to see more

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Sources

2

10

10

10

10

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