Forest
About Forest
Forest is a Mobility startup based in London, UK that has raised $77M in venture capital across 5 funding rounds since 2020. The company reached Series B stage in September 2020 with a $2.3M round led by institutional investors. Forest's investor base includes 11 institutional funds, with its lead investor leading the most recent equity round.
Forest (formerly HumanForest) is a London-based shared e-bike operator serving over 1.5 million users across 18 London boroughs, completing approximately two million rides per month. The company runs its fleet and service vehicles entirely on renewable energy, offering 30 free daily ride minutes and partnering with employers through cycle-to-work schemes. With more than 20,000 bicycles deployed, Forest is one of the three principal e-bike operators in London, competing with Santander Cycles and Lime.
Forest Funding Rounds Timeline
5 rounds · $77M raised · since 2020
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| Seed | September 2020 | $2.3M | — | — | Juan de Antonio, Vicente Pascual |
| Pre-Series A | August 2021 | $2.9M | — | — | — |
| Series A | April 2023 | $15M | — | — | LarrainVial, Santa Cecilia, TheVentureCity, Triodos Bank UK |
| Series A Extension | November 2023 | $6.3M | — | — | Güil Mobility Ventures, Fen Ventures |
| Series B | April 2026 | $50M | — | — | OKAI, B8 Venture Partners, Fen Ventures, Güil Mobility Ventures, Fintex Capital |
Investors in Forest
11 institutional investors across 5 rounds
Co-investors
Recent news about Forest
Questions about Forest
How much has Forest raised?
Forest has raised $77M across 5 funding rounds since 2020.
Who are the investors of Forest?
Forest's investors include OKAI, B8 Venture Partners, Fen Ventures, Güil Mobility Ventures, Fintex Capital, LarrainVial, Santa Cecilia, TheVentureCity, Triodos Bank UK, Juan de Antonio, Vicente Pascual.
When was Forest's last funding round?
Forest's most recent round was a $2.3M Seed in September 2020.
Where is Forest headquartered?
Forest is headquartered in London, UK, and was founded in 2020 by Agustin Guilisasti, Caroline Seton, Michael Stewart.