Forage

Summary active Updated Jun 3, 2026

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Location San Francisco, CA
Founded 2020
Latest Stage Series B
Total Raised $75M
Website https://www.joinforage.com
Sector
fintech payments government-benefits

Investors

William Barnes Moving Capital era (2022)
Turner Novak ~2021 (2021)
Long Journey Ventures series-b (2026)
FJ Labs series-b (2026)
karman-ventures Moving Capital era (2022)
Banana Capital ~2021 (2021)

Founders

Ofek Lavian Co-Founder & CEO
Victor E. Fimbres Co-Founder & CTO

About

Forage is a mission-driven payments company that enables merchants to accept SNAP EBT (Electronic Benefits Transfer) payments online and in-store, helping over 42 million low-income Americans use food stamp benefits at grocery platforms and retailers 1. Founded in 2020 and headquartered in San Francisco, the company processes EBT payments at over 100,000 stores in all 50 states 2. Forage’s customers include Dollar General, Albertsons, Uber Eats, DoorDash, and Toast 13. In late 2025, Forage launched a consumer app that lets users check their EBT balance, find savings, and earn rewards on everyday purchases — surpassing 100,000 downloads since launch 2.

Funding History

Date Round Amount Lead Co-investors
2026-06-03 Series B $40M Mouro Capital Nyca Partners, PayPal Ventures, Long Journey Ventures, Intuit Ventures, NextLadder Ventures, Pivotal Ventures, FJ Labs 24
2022-08-08 Series A $22M Nyca Partners PayPal Ventures, EO Ventures, Apoorva Mehta 1

What Investors Say

No independently sourced investor commentary available at this time.

What Founders Say

No independently sourced founder testimonials found.

Sources

  1. “Forage Raises $22M From Nyca Partners, PayPal Ventures, and Instacart Founder to Make Online Grocery Accessible to America’s 42 Million SNAP Recipients,” GlobeNewswire, August 8, 2022, accessed June 2026. https://www.globenewswire.com/news-release/2022/08/08/2493943/0/en/Forage-Raises-22M-From-Nyca-Partners-PayPal-Ventures-and-Instacart-Founder-to-Make-Online-Grocery-Accessible-to-America-s-42-Million-SNAP-Recipients.html↩↩↩

  2. “Forage raises an additional $40M to help low-income families save on groceries,” Forage Newsroom, June 3, 2026, accessed June 2026. https://www.joinforage.com/newsroom/forage-series-b-40m-funding↩↩↩

  3. “Forage Is Now SNAP EBT Payment Processor for Toast Digital Platform,” Progressive Grocer, accessed June 2026. https://progressivegrocer.com/forage-now-snap-ebt-payment-processor-toast-digital-platform↩

  4. “Forage: SNAP EBT Payments for Retailers & Grocery Savings,” Forage homepage, accessed June 2026. https://www.joinforage.com/↩