Fundraising Fox

Forest Devices

Pittsburgh, US · Founded 2015 · Delaware corporation · 5 known investors

Biotech

Founders & leadership

Forest Devices was founded in 2015 by Matthew Kesinger.

MK
Matthew KesingerFounder
DW
Daniel WillisExecutive

Investors · 5

Dorm RoomBrooklyn · $90K – $250K
Liebenthal VenturesOld Westbury · $25K – $500K
Monozukuri VenturesKyoto · $100K – $300K
Black Tech Nation VenturesreportedPittsburgh · $250K – $1Mvia David Motley · board
Elevate CapitalreportedBeaverton · $2M – $25M

Reported raises · per SEC filings

Form D private placements

$7.6M disclosed across 11 rounds · 2015–2021

▶$550KraisedNov 2021 · 4 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Giovanni MagniDirector
  • Ashok RaoDirector
  • Stephen MorrowExecutive Officer
  • Tom BumgardnerExecutive Officer, Director
  • David MotleyDirector
  • Daniel WillisExecutive Officer
  • Carmelo MontalvoExecutive Officer
  • Ian ColrainDirector
Offering amount
$2.5M
Amount sold
$550K
Minimum investment
$25K
First sale
Nov 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$1.5MraisedJun 2021 · 21 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Daniel WillisExecutive Officer
  • Matthew KesingerExecutive Officer, Director
  • Stephen MorrowExecutive Officer
  • Ashok RaoDirector
  • Carmelo MontalvoExecutive Officer
  • Ian ColrainDirector
  • David MotleyDirector
Offering amount
$2.5M
Amount sold
$1.5M
Minimum investment
$25K
First sale
Jun 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$250KraisedMar 2021 · 4 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Ashok RaoDirector
  • Ian ColrainDirector
  • Stephen MorrowExecutive Officer
  • David MotleyDirector
  • Daniel WillisExecutive Officer
  • Matthew KesingerExecutive Officer, Director
  • Carmelo MontalvoExecutive Officer
Offering amount
$250K
Amount sold
$250K
Minimum investment
$10K
First sale
Mar 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$1.3MraisedDec 2020 · 9 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Daniel WillisExecutive Officer
  • Stephen MorrowExecutive Officer
  • David MotleyDirector
  • Matthew KesingerExecutive Officer, Director
  • Ashok RaoDirector
  • Ian ColrainDirector
  • Carmelo MontalvoExecutive Officer
Offering amount
$2M
Amount sold
$1.3M
Minimum investment
$25K
First sale
Oct 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$1.9MraisedOct 2020 · 34 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Ian ColrainDirector
  • Carmelo MontalvoExecutive Officer
  • David MotleyDirector
  • Matthew KesingerExecutive Officer, Director
  • Stephen MorrowExecutive Officer
  • Ashok RaoDirector
  • Daniel WillisExecutive Officer
Offering amount
$2M
Amount sold
$1.9M
Minimum investment
$25K
First sale
Aug 2019
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$440KraisedJan 2019 · 11 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Daniel WillisExecutive Officer
  • Matthew KesingerExecutive Officer, Director
  • Ian ColrainDirector
  • Ashok RaoDirector
  • David MotleyDirector
  • Stephen MorrowExecutive Officer
Offering amount
$940K
Amount sold
$440K
First sale
Nov 2018
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$1.3MraisedDec 2017 · 22 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Daniel WillisExecutive Officer
  • David MotleyDirector
  • Matthew KesingerExecutive Officer, Director
  • Steve FleckDirector
  • Stephen MorrowExecutive Officer
Offering amount
$3M
Amount sold
$1.3M
Minimum investment
$5K
First sale
Oct 2017
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$100KraisedMay 2017 · 1 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • David MotleyDirector
  • Stephen MorrowExecutive Officer
  • Daniel WillisExecutive Officer
  • Steve FleckDirector
  • Matthew KesingerExecutive Officer, Director
Offering amount
$100K
Amount sold
$100K
First sale
Apr 2017
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

In the news

Forest Devices raises convertible debt funding - Smart Business Dealmakerssmartbusinessdealmakers.com · Aug 2019

Frequently asked questions

Who founded Forest Devices?
Forest Devices was founded by Matthew Kesinger in 2015.
Who are Forest Devices's investors?
Forest Devices's investors include Dorm Room, Liebenthal Ventures, Monozukuri Ventures, Black Tech Nation Ventures, Elevate Capital.
How much funding has Forest Devices raised?
Forest Devices has disclosed $7.6M raised across 11 rounds.
Where is Forest Devices headquartered?
Forest Devices is headquartered in Pittsburgh, US.