Foreword Ventures is an early-stage fund supporting mission-driven founders throughout their initial chapters. It focuses on adding value beyond financial investment through community and expertise.

Foreword Ventures

Accell Group is involved in the design and manufacture of bicycles, including a focus on e-bikes. The company is self-described as a leader in the European market for e-bikes.

Accell Group

Amadeus Capital Partners is a global venture capital firm that invests in high-growth technology companies. The firm supports entrepreneurs in various sectors, including software, hardware, medical devices, and mobile technologies. Amadeus has a strong focus on innovation and has been instrumental in the success of numerous startups and scale-ups.

Anne Glover

Hermann Hauser

Amadeus Capital Partners

Anthemis Group is a venture studio and investment platform that cultivates change in financial services by building, investing in, and scaling technology companies. They focus on the transformation of the financial services industry through technology and innovation.

Metric
Company Name	Foreword Ventures	Accell Group	Amadeus Capital Partners	Anthemis Group
Symbol
MSH ID	VC:FOREWORD	COM:ACCELL-GROUP	COM:AMADEUSCAPITAL	COM:ANTHEMIS
Market	PRIVATE	PRIVATE	PRIVATE	PRIVATE
Sector	Financial Services & Finance	Consumer Goods	Financial Services & Finance	Financial Services & Finance
Industry	Venture Capital	Bicycles and E-bike Manufacturing	Venture Capital & Private Equity	Financial Services
Country	US	NL	GB	US
Stage
Employee Count			51	67
Website	foreword.vc	accell-group.com	amadeuscapital.com	anthemis.com
LinkedIn			amadeus-capital-partners	anthemis-group-sa
Founders

Metric
Market Cap
Enterprise Value
Monthly Web Traffic	92	3.72K	6.93K
Web Traffic Growth	-0.56	-0.34	0.46
Valuation
Raised Capital

Metric
Revenue
Revenue (LTM)
Revenue (NTM)
Gross Profit
EBITDA
Operating Income
Net Income
EPS
Diluted EPS
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin
Operating Profit Margin
EBITDA Margin
Net Profit Margin
Return on Equity
Return on Assets
Return on Capital Employed

FORE

VC:FOREWORD

Foreword Ventures

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio
P/B Ratio
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio
EV Multiple

Metric
Days Sales Outstanding
Days Payables Outstanding
Days Inventory Outstanding
Operating Cycle
Cash Conversion Cycle
Asset Turnover

Metric
Operating Cash Flow
Free Cash Flow
Cash Flow to Debt
Operating Cash Flow/Sales
Free Cash Flow Yield

Metric
Cash & Equivalents
Accounts Receivable
Inventory
Goodwill
Debt to Capitalization
Debt to Assets
Current Ratio
Quick Ratio

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue
R&D to Revenue
SG&A to Revenue