Launch Blue Announces New Partnership with Forecastr to Advance Innovation in Kentucky Startup Ecosystem

October 15, 2024

Launch Blue is announcing a new partnership with Forecastr, an online financial model for startups that aims to help startups grow in their financial endeavors. This collaboration aims to provide Launch Blue’s program alumni with access to expert financial modeling resources designed to accelerate growth, attract investors, and raise capital. The partnership also allows Forecastr to get to work with successful and fresh startups in the Lexington area which will help to fuel the Lexington startup community even more.  As Launch Blue continues to mentor startups, additional support from Forecastr will create even more opportunity and room for success for growing startups.

Founded by Steven Plappert and Logan Burchett, Forecastr seeks to help startups in raising capital, hitting their growth targets, using the power of a great financial model to create a healthy runway, and teaching startups how to impress investors. Since its founding in 2020, Forecastr has 600+ customers using Forecastr as their financial model. The company has also raised $14M and $2.7M in ARR and is an alumni of the 2020 Techstars Anywhere program.

Forecastr offers all of its partner's deep expertise in subject matter related to financial modeling for startups. The company works with its participating partners to provide assistance and education through webinars, recorded videos, written blog content, as well as financial modeling templates. Their area of work is extremely helpful to the capital growth of startups as they teach not only fundraising strategies for success but also how to better understand what investors are looking for. Some of their current partners include Techstars, Gust, Hubspot, Microsoft, and Founder Institute. 

When asked about the partnership between the two organizations, Launch Blue’s Executive Director, Laura Halligan, says, “Steven and the Forecastr team have been highly impactful in their support of our accelerator program over the last few years by sharing their impressive expertise and real-world experience with our founders. This new partnership with Forecastr will give our founders access to tools and resources that set them up for success as they look to build and fund their startup.” 

Co-Founder of Forecastr, Steven Plappert, says, “I’m absolutely thrilled to be working with Launch Blue in support of the founders that go through their programs. As a graduate of UK myself, it’s a true honor for me to be working with my alma mater like this, and I think Launch Blue is a beacon of light in the Kentucky startup scene. Love what these guys are doing, just excited to be a part of it and help founders level up their finance game!”

Launch Blue is thrilled to be partnering with the incredible team at Forecastr and cannot wait to embark on this exciting journey. Together, they will continue to build the tech and startup community in Kentucky and beyond.

By: Abby Brady