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Forerunner Ventures

Venture capital firm · San Francisco, USA · Founded 2012 · Active in 2026

← Power Law Ranking

A public taster of the full Dealroom platform — request a demo to explore live deal flow, full investor history, and team intel. · Last updated 15 Apr 2026 · Methodology

16 Power Law outcomes Power Law Ranking #50 · 16 Power Law outcomes · Active 2026
Enterprise value ↑ 10% 5y
$64B
Unicorns ↑ 30% 5y
13
Decacorns → 5y
2
Thoroughbreds ↑ 45% 5y
16
Featured in #50Power Law Investor Ranking · Global · 2026 Top 1%by Seed → $100M+ revenue outcomes

Forerunner Ventures is a venture capital firm based in San Francisco, USA, founded in 2012. The page below shows 16 Power Law outcomes from Forerunner Ventures's portfolio — 13 unicorns ($1B+ valuation) and 3 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).

Outcomes are concentrated in eCommerce & Marketplaces · Health Tech & Medtech · Other; top portfolio geographies are USA · Finland. Forerunner ranks #50 globally in the 2026 Dealroom Power Law Ranking by Seed → $100M+ revenue companies.

Portfolio analysis

The 16 Forerunner Power Law outcomes ($100M+ revenue and above).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. USA15
  2. Finland1
By sectorCount
  1. eCommerce & Marketplaces6
  2. Health Tech & Medtech3
  3. Other3
  4. Marketing2
  5. Fintech1
  6. AI1
By stage enteredCount
  1. Series B+5
  2. Series A4
  3. Seed7
01 · Portfolio market map

Forerunner's 16 Power Law outcomes.

Toggle between a sector landscape and a world map. Both views respond to the stage and outcome-tier filters. The faded names at the bottom of bigger boxes are part of the full list — click "+ N more" to reveal them.

Stage entered
Outcome tier
Region
Group by
16 of 16 Power Law outcomes
Logos hosted by Dealroom; click any chip to open the company in app.dealroom.co. The dot inside each chip shows the company's highest tier — red Gigacorn, violet Centicorn/Decacorn, lavender Unicorn, blue Thoroughbred, green Colt. Tiers are inclusive: a Unicorn (e.g. Klarna) also matches the Thoroughbred filter, a Decacorn also matches Unicorn and Thoroughbred, and so on up the ladder. Colt is a separate axis (high-growth, smaller revenue) and only matches itself. Map dots use the same colour code; hover for details. Sectors are mutually exclusive (priority-ordered classification). Stage entered = the round Forerunner first invested in (where data is available — coverage 93%).
02 · Origin of portfolio founders

Where Forerunner's founders come from — and where they study.

53 founders across the 16 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Wharton School of the University of Pennsylvania and Homebound are the deepest single pipelines.

LocationCount
United States34
Finland8
Italy3
Sweden3
Former Soviet Union2
Philippines1
India1
Brazil1
View on app →
UniversityCount
Wharton School of the University of Pennsylvania10
University of Oulu4
Brown University3
Stanford University3
Sapienza University of Rome2
Columbia Business School2
Perelman School of Medicine, University of Pennsylvania2
Berkeley2
Princeton University2
Rovaniemi University of Applied Sciences1
+12 more →
Origin companyCount
Homebound2
Bungalow2
Alphabet | Google2
Raydiant2
Yahoo!2
Hims and Hers Health2
Warby Parker2
The Qt Company1
Niantic Labs1
Green Dot1
+24 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company. Explore the full Sequoia infographic on Thoroughbreds & Unicorns →
03 · Key people

Key people at Forerunner.

Senior investment team at Forerunner Ventures has not been published on this profile yet.
Suggest the partner roster →
No partner roster has been published on this profile yet.
04 · Compare with peers

How does Forerunner stack up?

Forerunner in orange, your selection in blue and other colours. Pick from the global roster of 35 peer investors — filter by region or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of global unicorns minted that year — peaks reveal vintage years.

Compare against

Stage focus

Companies by entry stage and outcome tier

Sector focus

Companies per investor across the 10 highest-volume sectors

Share of new unicorns per year

% of all global unicorns minted that year, year by year
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.

Want the full picture on Forerunner Ventures?

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Data as of 15 Apr 2026 · Source: Dealroom Power Law dataset · Methodology
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