Diligence memo · auto-generated · as of July 1, 2026
Forward Ventures, LLC
Forward Ventures, LLC looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Forward Ventures, LLC operates in Other, based in SEOUL.
Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Forward Ventures, LLC has raised $541M in disclosed capital across 8 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $300M on 2014-11-25.
Most recent recorded round closed around 2014-11-25.
Valuation (modeled)modeled
Provath models Forward Ventures, LLC at approximately $5.2B (range $1.7B–$11.3B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.88× the median modeled value of Series D+ Other companies in 2013–2015 (90 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 8 months.
Last raise 11.6 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 2.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 99% of Other peers (25008 compared).
Modeled value ranks above 99% of those peers.
Closest niche peers: Campaign Monitor Holdings (UK) Ltd, Tomahawk Holdings, Inc., Cornell Capital Special Situations Partners II LP, Liberty Resources II, LLC, Resolute Investment Holdings, LLC.
Peoplefiled
15 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
Broad sector classification weakens peer comparison.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.