Forerunner, a San Francisco, CA–based AI-powered platform transforming how governments manage their built environment, has secured a total of $39 million in funding.
Investors
The round includes a recently closed $26.3 million Series B led by Wellington Management and an unannounced $12.7 million Series A led by Union Square Ventures, with participation from Gutter Capital and Bright Ventures, while the Series B added SE Ventures and Citi Impact Fund, with all existing investors returning for both rounds.
Founded in 1928, Wellington Management is a private investment firm focusing on sectors such as climate tech, biotech, and AI. Headquartered in Boston, the firm manages over $1.1 trillion in assets for institutional clients across more than 60 countries.
Union Square Ventures (USV) is a premier New York–based venture capital firm renowned for its thesis-driven approach to early-stage investing. Founded in 2003, USV manages over $1 billion across specialized core, climate, and opportunity funds, prioritizing businesses that leverage network effects to broaden access to knowledge, capital, and well-being.
Forerunner Use of Funds
The company will use the funds to expand its platform capabilities, grow its team, and deepen partnerships with government agencies.
About Forerunner
Forerunner is an AI-powered geospatial platform that helps governments modernize operations and strengthen community resilience. By centralizing critical data, automating workflows, and improving communication, Forerunner provides the foundation agencies need to operate efficiently and serve their communities effectively. Forerunner supports critical functions like floodplain management, infrastructure management, code enforcement, and grant management. Headquartered in San Francisco, California, the company supports over 190 agencies across 26 U.S. states.
Funding Details
Company: Forerunner Industries, Inc.
Raised: $39.0M
Round: Series A, Series B
Funding Date: February 2026
Lead Investors: Wellington Management, Union Square Ventures
Additional Investors: SE Ventures, Citi Impact Fund, Gutter Capital, Bright Ventures
Company Website: https://www.withforerunner.com/
Software Category: Government Technology / GovTech / Climate Resilience Software
Source: https://www.prnewswire.com/news-releases/forerunner-secures-39-million-to-modernize-government-operations-and-build-the-system-of-record-for-the-built-environment-302679481.html