What stage does Global Forward Capital invest at?

Global Forward Capital invests at the Seed, Series A, Series C, Growth stages.

Global Forward Capital

Private equity

Seed–Growth · 22 people tracked

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Investment thesis

Global Forward Capital invests in cybersecurity companies globally, combining venture capital and private equity approaches. Building on its earlier venture fund (Trend Forward Capital), the firm targets early-stage growth as well as more mature private equity opportunities in the cybersecurity industry. It leverages a team of operators, cybersecurity pioneers, and executives with deep industry, go-to-market, and international regulatory experience to create value across its multi-stage investments. The firm emphasizes 'creating value and doing good' at cybersecurity companies worldwide, supported by operating partners with expertise spanning global markets including North America, Europe, Japan, China, and the MENA region.

Invests inConsumer Cybersecurity Data & Infrastructure Enterprise Software Retail Tech SaaS Asia-Pacific Europe Global United States

Source: firm website, verified Sep 27, 2026.

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Stage

Seed–Growth

Instruments

Equity

Founded

2017

Tracked investments

Team · 22 people

from the firm's website & public directories

Partha Panda· Managing Partner

Co-founder and Managing General Partner of Global Forward Capital with 25+ years in IT and cybersecurity. Previously CEO and co-founder of Cysiv and a founding partner of Trend Forward Capital, and held corporate strategy and M&A roles at Trend Micro.

Wael Mohamed· Managing Partner· Greater Bostonin

Co-founder and Managing General Partner of Global Forward Capital and a veteran cybersecurity leader with over 30 years of experience. Formerly CEO of Forescout and President & COO of Trend Micro, he currently serves on the board of Rapid7.

Keith Foster· Managing Partner· Helsinki, Uusimaa, Finland

Managing Partner with 20+ years building teams and cultures in software and technology firms. Former Chief People Officer at Cysiv and interim CPO at Forescout, and previously a Partner at Trend Forward Capital.

Antonio Cano· Managing Partner and Chief Operating Officer

Managing Partner and COO leading firm operations, compliance, and investment strategy. Operations partner for the firm's Fund I since 2017, with 25+ years of international finance and operations experience at Trend Micro, Compuware, and Cargill.

antonio@globalforward.com

Abeer Swelam· Principal· Paris, Île-de-France, Francein

Principal with 10+ years across technology, sales, and marketing in cybersecurity. Previously led global expansion of SOC-as-a-Service at Cysiv and drove business growth at Trend Micro, including in the MENA region.

Alessandro Babini· Managing Director

Managing Director on the investment team. Previously a Venture Partner at DN Capital and co-founder/CEO of wearable technology company Humon (acquired by WHOOP in 2020); recognized on Forbes 30 Under 30.

Andrew Labib· Associate

Associate and cybersecurity technical engineer with 7+ years of experience. Began his career at Trend Micro, spent two years at Forescout, and worked as a security researcher at TELUS Labs Canada.

Antonio Cano Estrada· Associate· Chicago, Illinois, United Statesin

Associate who previously co-founded and led Heebe, Inc., an education startup, and interned at Trend Micro analyzing cloud startups for M&A. Holds a Business Administration degree from Baylor University.

Debbie Weinstein· General Counsel

General Counsel providing business law advice across the firm's investments. A co-founder of a leading Canadian corporate law firm with 30+ years of experience and a lead role in over 300 M&A transactions; she sits on the boards of OpenText and Ross Video.

Husam Kinawi· Senior Vice President, Technology & Innovation· Santa Clara, California, United Statesin

SVP of Technology and Innovation and a serial entrepreneur who co-founded Wedge Networks and ActiveIq.com. Holds a Ph.D. from the University of Calgary and multiple network security and machine learning patents.

Joachim Weber· Operating Partner· Luxembourg

Operating Partner and global technology executive with 20+ years in cybersecurity and global services. Former CTO of Paessler and holder of various global and EMEA leadership roles at Trend Micro and EMC.

Laura Maio· Senior Vice President, Communications & Growth Investments

SVP of Communications and Growth Investments with 25+ years in cybersecurity and technology marketing. Former Chief Communications Officer and Chief of Staff at Forescout and senior marketing leader at Trend Micro.

Mary Aradamis· Administration Manager, Global Forward Academy· Alexandria, Egypt

Administration Manager for Global Forward Academy with 24 years of office and project management experience. Previously Regional Offices Manager for Trend Micro in Cairo.

Mary Haggar-Lee· Executive Assistant· Ottawa, Canadain

Executive Assistant to Wael Mohamed, providing administrative support to the global team. Has worked alongside Wael since Third Brigade in 2005, with prior roles at Trend Micro, Cysiv, Forescout, and Celtic House Venture Partners.

Mohamad Kasem· Associate

Associate with cybersecurity and finance experience, completing a CFA at the American University in Cairo. Previously spent four years in finance and operations at Trend Micro and two years in audit and risk at KPMG Egypt.

Motofumi (Mike) Onishi· Operating Partner

Operating Partner focused on bridging Western and Japanese business cultures. Founder and CEO of Next Chapter Inc, with prior senior roles at Dell, Amazon, Trend Micro, and Johnson & Johnson.

Mustafa Kayer· Operating Partner

Operating Partner (joined 2025) and technologist with a background in computer science, physics, and deep technology including AI and cloud. Executive Chairman of MNK Consulting and former IBM engineer who built Turkiye's first 100G software-defined supercomputing network.

Paul Tsaparis· Senior Advisor

Senior Advisor and former President and CEO of Hewlett-Packard Canada for 12 years. Serves on numerous public, private, and not-for-profit boards, including as Chair of the Council of Ontario Universities.

Rita Evdokimova· Managing Director, Financial Operations and Compliance· Ottawa, Canadain

Managing Director leading finance, tax, and regulatory functions, including fund accounting and Singapore (MAS) compliance. Has 20+ years of experience including 13 years at Ernst & Young and is a CPA in Canada and the US.

Sam Morcos· Operating Partner

Operating Partner and global cybersecurity executive with 25+ years in security and high technology. Most recently SVP and General Manager at Entrust, with extensive field operations experience across Europe, Asia, and the Americas.

Steve Quane· Operating Partner

Operating Partner with 15 years in cybersecurity and 25+ years in product management. As a Trend Micro executive he helped grow the company from $250M to nearly $2B and led its Worry-Free product lines; previously at Intel and a US Air Force Air Battle Manager.

Zhengyu Liu· Operating Partner

Operating Partner with 30+ years focused on cross-cultural business expansion for multinational tech firms, especially China market entry. Former Chairman/GM of RIM Beijing and advisor to companies including Shopify on China strategy.

What they invest in

from 2 of 2 portfolio companies

AI & Machine Learning ×2Developer Tools ×2Enterprise Software ×2SaaS ×2Cloud Computing ×1Data & Infrastructure ×1

HQs:United States×2

Investments · 2 tracked

founders shown can be your intro path

Luciq (formerly Instabug)luciq.ai in 𝕏Seed

Luciq provides agentic AI-powered observability for mobile applications, automatically detecting, diagnosing, and resolving issues before users are impacted.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaSSan Francisco, US

Moataz Soliman(CEO)in Omar Gabr(President)in

Co-investorsAccel Felicis Ventures Y Combinator Agrolimen Ventures Endeavor Catalyst Enterprise Fund +4 more

Mezmomezmo.com in 𝕏Series C

Mezmo provides an intelligence layer for production AI that enables platform engineering and SRE teams to deploy reliable AI-powered workflows in production.

AI & Machine LearningCloud ComputingData & InfrastructureDeveloper ToolsEnterprise SoftwareSaaSMiami, US

Lee Liu(Founder)in Chris Nguyen(Founder)inTucker Callaway(Chief Executive Officer)inKevin Chan(Technical Recruiter)Peter Cho(Vice President of Product)Eva Ling(HR Coordinator)

Co-investorsEmergence Capital Partners Initialized Capital Kima Ventures Metaplanet NightDragon Point Reyes Management +12 more

Frequently asked questions

What stage does Global Forward Capital invest at?: Global Forward Capital invests at the Seed, Series A, Series C, Growth stages.
What sectors does Global Forward Capital focus on?: Global Forward Capital focuses on Consumer, Cybersecurity, Data & Infrastructure, Enterprise Software, Retail Tech, SaaS.

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