Forum Ventures (formerly Acceleprise)[1] is a North American early-stage venture capital firm headquartered in New York, with additional offices in San Francisco and Toronto.[2] Their accelerator and pre-seed fund has invested in a portfolio of 400+ companies, focusing on B2B SaaS and AI startups across all industries.[3] The firm operates a 4-month accelerator program that offers investor introductions, go-to-market and fundraising support, and a US$100,000 initial investment; as well as a Pre-Seed Fund and AI-focused Venture Studio.[4]
Forum Ventures was founded in 2014 as Acceleprise[1] by Michael Cardamone who previously worked at Box and AcademixDirect.[5] The new firm licensed the Acceleprise brand, previously owned by a separate company incorporated in 2012 that had raised and deployed one fund in Washington DC.[5] After receiving early buy ins from Nick Mehta, Karen Page, and Rowan Trollope, Cardamone left his job to establish one of the few B2B SaaS-focused accelerators in the United States.[5]
Operating as a one-person angel team, Cardamone successfully raised $1M after 9 months, with an initial batch of 8 companies entering the Acceleprise San Francisco Accelerator.[6] By the second quarter of 2015, the new Acceleprise started by Cardamone closed their first fund with a total of $3.5M.[2]
In 2017, Acceleprise raised a $7M fund,[7] and Whitney Sales took on a managing director position in the San Francisco location.[8] At the time, Acceleprise had 64 portfolio companies and was looking to invest $50,000 checks in 80 more companies over 3 years.[8] Cardamone later moved to New York City where he expanded the accelerator.[8][5]
Between August 2018 and March 2019, Cardamone brought on James Murphy, co-founder of Robly, a marketing automation platform that had an 8-figure exit, and Jonah Midanik, an Acceleprise portfolio alumni and former CEO of Limelight Platform, as managing directors for the Acceleprise accelerator program.[5] Cardamone noted that "the SaaS ecosystem was expanding globally," and he expanded Acceleprise to Toronto in 2019.[4]
In 2021, the firm was rebranded from Acceleprise to Forum Ventures, raising $30M consisting of a $17M pre-seed accelerator fund and a $13.2M seed fund.[9] Notable investors included CEO of Appify Jen Grant, CMO of Gainsight Anthony Kennada, Atlassian's Global Head of EDR Sales Kristen Habacht, CEO of Five9 Rowan Trollope, and CEO of Sendbird John Kim.[10] Cardamone remarked that during the COVID-19 pandemic, Forum Ventures' accelerator cohorts raised faster Seed and Series A rounds.[9]
In 2023, despite what Cardamone described as "one of the hardest fundraising environments he's seen in the last 10 years."[11] Forum Ventures invested in 100+ B2B SaaS companies from their accelerator and seed fund.[12] Around the same time, First Resonance co-founder Neal Sarraf joined as a managing director.[13]
In 2024, former Head of Platform Olivia O'Sullivan was promoted to Partner and Chief Operating Officer. As a former Dow Jones marketing executive who joined Forum Ventures in 2019, O'Sullivan was featured as one of the 5 Women to Watch in Venture and won the Women in Platform award.[14] In the same year, CEO and Founder of Roots (acquired by Deel) Kevin Corliss joined the firm as a managing director.[13]
In 2025, Forum Ventures' assets under management totaled approximately $100M, focusing on B2BSaaS investments in health tech, applied AI, fintech, marketplaces, supply chain, and future of work.[7] Jonah Midanik referenced these verticals as harbouring "large amounts of data" that allow for value generation using artificial intelligence, such as opportunities to optimize supply chain efficiency with smarter, data-backed AI systems.[15]
In the same year, Forum Ventures reopened their San Francisco location, led by former Chief Operating Officer of Rightfoot Deirdre Clute, who joined the firm as a managing director.[13] Forum Ventures is now run by Managing Partners Cardamone, Midanik, and Murphy.
AI Venture Studio
In 2022, Forum Ventures launched an AI Venture Studio to build their own AI companies with founders.[16] The program builds with founders with Forum's in-house venture building team to build a startup from ideation, validation, MVP, launch, key hires, to fundraising.[2]
In the same year, Alice Krenitski and Sid Bharath were promoted to Head of Studio.[14] Bharath initially joined Forum Ventures in 2019 as an accelerator mentor before joining the fund's portfolio as a founder in 2020.[14]
In 2024, Forum's venture studio company Amoeba AI announced a partnership with Nvidia, with Midanik acknowledging the company for its use of agentic AI to support go-to-market operations.[17]
Every year, the studio launches 8 new companies led by Midanik and Krenitsk.[15]
Accelerator
Forum Ventures operates a remote accelerator with co-working spaces in New York, San Francisco, and Toronto.[3] Companies receive US$100,000 in funding on a post-money SAFE in return for 7.5% equity, each receiving a managing director that acts as a fractional co-founder to guide the startup growth and fundraising process throughout the early stage.[3]
The accelerator consists of a 4-month program designed to support founders through validation, go-to-market, sales, fundraising, and facilitating customer introductions to Fortune 500 and Fortune 1000 enterprises.[4] The program culminates in "Founder Showcase", where startups are connected to Forum Ventures' network of seed and series A investors.[18]
Seed fund
In 2021, Forum Ventures raised their first seed fund to invest in companies beyond the accelerator stage and to make additional follow-on investments in their accelerator alumni companies.[9] The pre-seed fund is distinct from their accelerator program and accelerator fund and invests in about 8–10 companies per year.
Forum Ventures is known for doubling down on accelerator portfolio company investments through their pre-seed fund, joining Bloom AI's $1.1M Seed round, VendorPM's $6M Seed round, and Private AI's $3.15M Seed round, co-led with Microsoft's venture fund M12 in 2021.[19][20]
In 2014, when Cardamone operated Acceleprise individually, People Data Labs co-founders Sean Thorne and Henry Nevue applied to the accelerator.[7] Cardamone noted that Thorne and Nevue were "young, unproven founders who had just shut down their previous company that didn't work," and was "on the fence about investing."[7] However, after he engaged with them further, Cardamone felt that Thorne had "a special quality that would serve him well as a founder," accepting People Data Labs into the accelerator and joining their pre-seed fundraise.[7] In 2021, People Data Labs raised $45M in Series B funding.[22]
In 2020, Forum Ventures invested for a second time in Bbot founder Steve Simoni. Simoni previously joined Acceleprise in 2015 as the CTO of another startup which eventually closed down.[23] In 2017, Simoni founded Bbot, a white-label, at-table ordering system for the hospitality industry that allows consumers to pull up a menu at their table or from their room, order food and drinks and pay without having to sign up for anything or download any applications. Despite the initial setback with Simoni's first company, Cardamone was "really impressed" with him and invested in Bbot in 2020.[23] In early 2022, Bbot was acquired by DoorDash.[23][24]
In 2024, Forum Ventures invested in Simoni again for his third company, Allen Control Systems, as part of their $12M Seed round.[25] A year later, Allen Control Systems raised a Series A round totaling $30M.[26][27]
In 2022, a boom in remote work led to another portfolio company, Firstbase, to raise $50M in a Series B round.[28] Over the next few months, a series of Forum backed startups raised late stage funding, including Shabodi's $14M CAD Series A round,[29] and Courier's $35M Series B round funded by Y Combinator, Bessemer Venture Partners, Twilio Ventures, Slack Fund, and [[Matrix Partners]].[30]
In 2025, Subscript, another Forum Ventures portfolio company, raised $15M in Series A funding.[31][32] In the same year, Arkestro (formerly BidOps) raised a $36M Series B, led by Altira Group and Aramco Ventures, with participation from previous existing NEA.[33] The company went through the Forum Ventures accelerator in 2018 in New York City as part of their first program outside of San Francisco.[34] Other notable investments include and Silq, who raised $17.6M,[35] and Private AI, who raised a $10.7M CAD Series A in 2022.[36]
Notable exits
In 2019, insurance technology firm Applied Systems acquired Forum Ventures portfolio company Indio Technologies and their digitized commercial insurance application and renewal process.[37]
In 2021, e-signature firm PactSafe, another Forum Ventures portfolio company, was acquired by legal tech "Ironclad" at an undisclosed amount. The acquisition was Ironclad's first acquisition in history.[38]
Research
Forum Ventures regularly conducts research and releases market reports on the venture capital landscape. In 2023, they discovered 75% of funds noted a decrease in valuations since 2022, a 10% decrease from the previous year.[39][40] During the same year, Cardamone reported that mean valuations at pre-seed were $9 million for companies from pre-revenue to $250,000 ARR.[39][40]
In 2024, Forum Ventures released their research in 2024: The Rise in Agentic AI in the Enterprise, covering "the nuanced landscape of AI agents and the enterprise."[41] They found that 48% of information technology executives are beginning to adopt AI Agents, and 33% are actively exploring them.[42]
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