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§ Private Profile · Portland, ME, USA
Organic dairy-free creamery producing plant-based yogurts, milks, creamers, and juices for the plant-based food market.
Forager Project is a San Francisco, California-based organic food manufacturer that produces plant-based, dairy-free yogurts, milks, creamers, juices, and tortilla chips for the broader alternative dairy market. Operating as a family-owned enterprise without external venture funding, the consumer goods company generates approximately $20.2 million in annual revenue and carries an estimated business valuation of $64.7 million. The organization maintains a dedicated workforce of 21 to 50 employees and manages its own proprietary manufacturing plant rather than utilizing third-party co-packers for its daily production requirements. Through an extensive direct sales distribution model, the creamery supplies its cashew and coconut-based product portfolio to more than 10,000 retail store locations across the national consumer grocery market. Forager Project was officially established in the year 2013 by executive co-founders Stephen Williamson, JC Hanley, and Ted Leaman.
Forager has raised $13.0M across 2 funding rounds.
Forager has raised $13.0M in total across 2 funding rounds.
Forager has raised $13.0M across 2 funding rounds. Most recently, it raised $10.0M Series A in March 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2020 | $10M Series A | U.S. Venture Partners | Altari Ventures, Grace Beauty Capital, Harrison Metal, Homebrew, Proeza Ventures, Chicago Ventures, Soma Capital | Announced |
| Sep 1, 2019 | $3M Seed | Stuart Larkins, Alain Bedard | Brand Foundry Ventures, Starting Line, Paul Hedrick | Announced |
Forager Technologies, LLC is a technology company specializing in network infrastructure solutions and services for data centers, small businesses, commercial projects, and residential new construction.[1][2][4] Headquartered in Franklin, Tennessee, it provides network strategy, design, installation, security, and support, enabling clients without in-house IT teams to focus on their core operations while serving the Southeast USA and Data Center Alley in Loudoun County, Virginia.[1][4] With under 25 employees and revenue below $5 million, it partners with major tech firms and offers a 10% installation discount for new customers, emphasizing reliable IT infrastructure for sectors like government contractors, dental offices, and attorneys.[2][4]
The company builds tailored network solutions, serving small businesses, data center users, and residential clients lacking local IT presence.[1][2] It solves challenges in network setup, security, and maintenance, particularly for remote data center operations, with growth evidenced by expanded client bases and regional presence.[1][4]
Forager Technologies traces its roots to AIC Incorporated, founded by Mario and Peter, who provided computer, network infrastructure, and electronics services in the New York City area.[1] After Mario's sudden death in 1999, Peter maintained the company on a back burner while upholding certifications and clients.[1] In 2011, Peter refocused full-time, relocating to Loudoun County, Virginia, to rebuild with new clients and services centered on enabling business goals through technology.[1]
A pivotal moment came in 2015 when AIC was a finalist in the Technology category for the Loudoun County Chamber of Commerce Small Business Awards.[1][2] In 2016, it rebranded to Forager Technologies, LLC, expanding to serve the Southeast USA from its Franklin, Tennessee headquarters, including Nashville metro, Kentucky, Alabama, and data centers.[1][4]
Forager Technologies rides the trend of decentralized data center expansion and hybrid work, where businesses increasingly rely on robust, secure networks without building internal IT capabilities.[1][4] Timing aligns with "Data Center Alley" growth in Virginia and Southeast USA infrastructure booms, fueled by cloud adoption and remote operations post-pandemic.[1] Market forces like rising cybersecurity threats and data sovereignty favor its security-focused installations for government contractors and small enterprises.[1][4]
It influences the ecosystem by bridging IT gaps for non-tech firms, enabling focus on core activities amid talent shortages in network engineering, and supporting regional economic hubs through reliable infrastructure.[1][2]
Forager Technologies is poised for steady expansion by deepening data center partnerships and residential smart network demand in growing U.S. regions.[1][4] Trends like AI-driven edge computing and 5G/6G rollouts will amplify needs for its installation and security services, potentially scaling via acquisitions or tech stack integrations (e.g., Google, Oracle).[4] Its influence may evolve toward managed services models, solidifying as a niche leader in underserved Southeast and Virginia markets, much like its post-rebrand trajectory from local finalist to multi-state provider.[1][2]
Forager has raised $13.0M in total across 2 funding rounds.
Forager's investors include U.S. Venture Partners, Altari Ventures, Grace Beauty Capital, Harrison Metal, Homebrew, Proeza Ventures, Chicago Ventures, Soma Capital, Stuart Larkins, Alain Bedard, Brand Foundry Ventures, Starting Line.