# Forward Analytics

> Forward Analytics is a VC fund backing Gaming, Blockchain and Video Games. See 3 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 3
- Last investment: Apr 2022
- Lead investor: 0%
- Last updated: Aug 2026

Forward Analytics is a Wisconsin-based research company that provides unbiased analysis of state and local policy issues to state and local politicians. Forward Analytics' aim is to use the greatest data available to expose state concerns and to help policymakers comprehend that data so they can make educated policy decisions.Dale Knapp, thefounder of Forward Analytics, has over two decades of research expertise in economics and public policy. Prior to joining Forward Analytics, Mr. Knapp worked for the nonpartisan wisconsin taxpayers alliance for 18 years, the last 15 as Research Director. Forward Analytics, a branch of the Wisconsin Counties Association, was founded in 2018.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $3M–$5M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Gaming | 3 | 100% |
| Blockchain | 2 | 67% |
| Video Games | 1 | 33% |
| Cryptocurrency | 1 | 33% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Thailand | 1 | 33% |
| United States | 1 | 33% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Elumia | Elumia is a cash based game development company. Their games allow players to themselves in world zones, engaging in multiplayer adventures, quests, and fierce player battles with in game enemies and against other real time players. Their legends of elumia is a multiplayer online role playing game that allows players to gain full ownership of theirin game assets using revolutionary new mechanics. | $5M | Seed | Apr 14, 2022 |  |
| Worldspark Studios | Workdspark Studios is focused on making the world a little brighter through immersive experiences that fill our audiences with optimism and empower everyone to find and utilize the unique spark inside themOur team of AAA vets played major roles in creating titles like Destiny 2, Halo, League of Legends, Legends of Runeterra, Valorant, Heroes ofthe Storm, and many others! We’re dedicated to creating fun, gripping gameplay experiences backed by a deep, player-owned economy and a mind-bending story to sustain engagement. Fun. Strategy. Fantasy. From hour 1 to hour 10,000, WorldSpark aims to ignite wonder. | $3M | Seed | Feb 24, 2022 |  |
| StarSharks | StarSharks is a NFT-GameFi ecosystem based on the BSC chain developed by game players, governance committees, and game developers. | $4.8M | Seed | Dec 24, 2021 |  |

3 of 3 investments shown.

## Co-investors
- [IVC](https://shizune.co/investors/profile/infinity-ventures-crypto) — VC Fund, 3 deals together
- [LD Capital](https://shizune.co/investors/profile/ld-capital) — VC Fund, 2 deals together
- [SL2 Capital](https://shizune.co/investors/profile/sl2-capital) — VC Fund, 2 deals together
- [UniX](https://shizune.co/investors/profile/unix-5b23) — VC Fund, 2 deals together
- [Yield Guild Games Southeast Asia](https://shizune.co/investors/profile/yield-guild-games-southeast-asia) — VC Fund, 2 deals together
- [3Commas](https://shizune.co/investors/profile/3-commas) — VC Fund, 1 deal together

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### Similar country
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## FAQ

### What does Forward Analytics invest in?

Forward Analytics invests primarily in Gaming, Blockchain and Video Games startups, most often at Seed stage. Most of the 3 investments tracked by Shizune back companies in Thailand. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Forward Analytics's check size?

Forward Analytics typically joins rounds of $3M–$5M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Forward Analytics participates in.

### When did Forward Analytics last invest?

The most recent investment recorded for Forward Analytics closed in Apr 2022. Shizune tracks 3 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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