# Forward Research

> Forward Research is a VC fund backing Web3, Blockchain and Apps. See 7 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 7
- Last investment: Nov 2024
- Lead investor: 14%
- Last updated: Aug 2026
- X (Twitter): https://twitter.com/fwdresearch
- Website: https://fwd.arweave.dev

Forward Research is a research and development incubator for the Arweave ecosystem.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Web3 | 3 | 43% |
| Blockchain | 3 | 43% |
| Apps | 2 | 29% |
| Internet | 1 | 14% |
| Software | 1 | 14% |

12 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Pre-Seed | 4 | 57% |
| Seed | 2 | 29% |
| Venture - Series Unknown | 1 | 14% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 3 | 43% |
| Australia | 1 | 14% |
| Singapore | 1 | 14% |
| United Kingdom | 1 | 14% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Embed | mbd is a Web3 social platform developer specializds in the research and development of machine learning recommendation systems as well as on-chain data pre-training, with the goal of providing dynamic, relevant material and activities to each user. | $3M | Pre-Seed | Nov 11, 2024 |  |
| ❜embed | ❜embed is an IT company that develops personalized APIs wallets, agents, and social apps. | $3M | Pre-Seed | Nov 02, 2024 |  |
| CipherPlay | Tomorrow’s Blockchain Infrastructure Today. | $150K | Pre-Seed | Sep 01, 2024 |  |
| Community Labs | Blockchain Development Company | $35M | Venture - Series Unknown | Apr 11, 2024 |  |
| 4Everland | 4Everland is a cloud computing platform that offers website and app design and development services. | $2M | Seed | Dec 20, 2023 |  |
| Dstor | Dstor.io is the ultimate tool for permanent, decentralized content discovery and AI-enhanced search. Powered by the Arweave blockchain, we provide exclusive access to a curated universe of NFTs, media, and digital assets from Arweave and various blockchains like Ethereum and Solana, all meeting the highest standards of decentralization andpermanence. Our platform specializes in indexing, querying and presenting content stored on the Permaweb, ensuring every asset you or your dApp need is both secure and enduring. Through advanced AI-driven search algorithms and tailored recommendations, we redefine content discoverability, all within an interactive framework engineered for unparalleled security for both end users and developers. |  | Pre-Seed | Oct 26, 2023 |  |
| Jokerace | jokedao is bottom-up, on-chain governance for communities to submit entries and vote on favorites. instead of central teams putting proposals to their community, communities vote on their own ideas. it's actual decentralized governance. | $2M | Seed | Aug 15, 2023 |  |

7 of 7 investments shown.

## Co-investors
- [Mask Network](https://shizune.co/investors/profile/dimension-293e) — VC Fund, 2 deals together
- [Polymorphic Capital](https://shizune.co/investors/profile/polymorphic-capital) — VC Fund, 2 deals together
- [Social Graph Ventures](https://shizune.co/investors/profile/social-graph-ventures) — VC Fund, 2 deals together
- [WAGMI Ventures](https://shizune.co/investors/profile/wagmi-ventures-3757) — VC Fund, 2 deals together
- [1kx](https://shizune.co/investors/profile/1kx) — VC Fund, 1 deal together
- [a16z crypto](https://shizune.co/investors/profile/a16z-crypto) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund
- [Everywhere Ventures](https://shizune.co/investors/profile/everywhere-ventures) — VC Fund

## FAQ

### What does Forward Research invest in?

Forward Research invests primarily in Web3, Blockchain and Apps startups, most often at Pre-Seed and Seed stage. Most of the 7 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Forward Research last invest?

The most recent investment recorded for Forward Research closed in Nov 2024. Shizune tracks 7 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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