
Money Forward
Stage
IPOTotal Raised
$41.9MInvestors Count
19Deal Terms
3Portfolio Exits
8Investments
26Funding, 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 | 4 | |||
10/5/2016 | Series D | |||||
10/22/2015 | Series C | |||||
12/19/2014 | Series B | |||||
10/28/2013 | Series A |
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 | ||||
Investors | |||||
Valuation | |||||
Revenue | |||||
Sources | 4 |
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 | |||
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 |
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 | |||||||||||||||
Series B | |||||||||||||||
Series A |
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 | ||
Bank | Japan | |||||
Bank | Japan |
First funding | 10/22/2015 | 10/5/2016 | 10/5/2016 | ||
|---|---|---|---|---|---|
Last Funding | 10/5/2016 | 10/5/2016 | 10/5/2016 | ||
Investor | |||||
Rounds | 2 Series C, Series D (2016) | 1 Series D | 1 Series D | ||
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 | Acq - Pending | 4 | ||||
2/13/2026 | Acq - Pending | 2 | ||||
11/21/2025 | Seed / Angel | $3.67M | Acquired | 2 | ||
9/3/2025 | ||||||
5/30/2025 |
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.
Money Forward Investments Activity

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 | |||||
4/1/2024 | Corporate Minority - P2P |
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 | ||
Amount | $23M | $7M | |||
New? | Yes | No | Yes | ||
Co-Investors | |||||
Sources | 3 | 3 | 2 |
Money Forward Portfolio Exits
8 Portfolio Exits
Money Forward has 8 portfolio exits. Their latest portfolio exit was Infcurion on October 24, 2025.
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