Forage Raises $40 Million Series B to Expand Grocery Access for 40 Million SNAP Users
Updated
Updated · PR Newswire · Jun 3
Forage Raises $40 Million Series B to Expand Grocery Access for 40 Million SNAP Users
3 articles · Updated · PR Newswire · Jun 3
Summary
$40 million in Series B funding will help Forage scale its consumer app and broaden the payments infrastructure it uses to process government benefits for grocery purchases.
Mouro Capital led the round as Forage pushed deeper into a market where nearly 40 million Americans rely on SNAP and many still lack real-time balance checks or broad online shopping access.
100,000 stores across all 50 states already use Forage's technology, including Dollar General, Gopuff, DoorDash and Uber Eats, while the company says payment volume grew 13-fold over the past year.
100,000 app downloads since late 2025 give Forage an early consumer foothold; it aims to reach 1 million low-income families by the end of 2026 as grocery costs remain a top financial stressor.
When a tech startup manages America's food benefits, are the most vulnerable families being served or being sold?
Can AI designed to stop billions in SNAP fraud do so without blocking millions of families who need food?
Forage Secures $40M Series B to Scale Dual Platform for SNAP EBT Payments and Consumer App
Overview
Forage, a financial infrastructure platform focused on expanding access for low-income families, has secured $40 million in Series B funding led by Mouro Capital, bringing its total funding to $75 million. This investment will accelerate Forage’s growth and help modernize the acceptance of government benefits like SNAP. The new capital will be used to scale Forage’s consumer app and expand its payments infrastructure, making it easier for retailers to accept benefits and for families to access essential resources. This strategic funding supports Forage’s mission to improve financial access and drive innovation in government payments.