US-based Beroe Acquires London-based Startup Forestreet

The deal strengthens Beroe’s AI-first strategy, integrating Forestreet’s proprietary AI models and LLM expertise to build a more innovative more unified procurement platform.

"Through our partnership with Beroe we are building the smartest and most integrated supplier intelligence ecosystem in the world," said Alex Miller, CEO and Founder of Forestreet. "Our customers want speed, accuracy, and autonomy. Bringing our AI expertise and talented teams of experts much closer together is how we will deliver it."

Forestreet developed a SaaS Market and Vendor Discovery platform that leverages AI to map every company in any market, down to product features. Its analytics are trusted by three of the Big Four consultancies, global corporates, and private equity funds.

Read Also - Swedish Aonic Acquires US-based Research Firm Prime Insights For More Than €214 Million

Beroe combines deep expertise, AI tools, and vast data to help organisations make smarter, faster procurement decisions. By cutting through data noise, reducing risk, and minimising surprises, Beroe enables its clients to gain a strong competitive edge.

"Beroe and Forestreet have both delivered on their missions to disrupt market intelligence, and we see tremendous potential in combining forces to deliver smarter, more integrated procurement solutions," said Vel Dhinagaravel, Founder and CEO of Beroe. "Over the past eight years the Forestreet team has built something truly unique. They’ve been ahead of the curve in AI development, and we’re excited to bring this wealth of talent and market knowhow into Beroe."

Beroe and Forestreet share a common mission: disrupting traditional market and supplier intelligence with advanced technology. This alignment began with Beroe’s strategic investment in Forestreet last year and now deepens through full integration.

Forestreet’s AI already powers Beroe’s Supplier Discovery module within the Beroe Live.ai platform. With the acquisition, Beroe will elevate this into a market-leading capability, enabling users to identify, assess and connect with suppliers faster and more precisely than ever.

Customers of both companies will gain access to enhanced, AI-driven solutions that unify supplier discovery and category intelligence into a single procurement stack. Forestreet’s entire team, including seasoned AI and LLM specialists, will join Beroe, strengthening its talent pool. The Forestreet leadership will also step into broader roles across product development, AI strategy, and go-to-market execution.

"We are delighted to be joining Beroe, to enable us both to scale our AI innovations and to deliver even greater impact for our clients," said David Doyle, Chairman and Founder of Forestreet. "It's a fascinating new chapter for our team."

This marks Beroe’s second acquisition in less than six months, following its March 2025 purchase of Berlin-based nnamu, a pioneer in autonomous negotiations. Together, the two deals strengthen Beroe’s European footprint and expand its capabilities across the procurement intelligence landscape.

About Beroe

Since 2006, Beroe has led procurement innovation with deep expertise, advanced AI tools, and reliable data. Its solutions empower organizations to make smarter, faster decisions, reduce risk, and cut through data noise. Serving thousands globally, Beroe delivers actionable insights that provide clarity, confidence, and a lasting competitive edge.

About Forestreet

Forestreet, founded in 2017, offers a SaaS Market and Vendor Discovery platform powered by AI to map every company in any market at product-feature level. Its analytics support three of the Big Four consultancies, global corporates, and PE funds, driving precise insights for more intelligent, data-driven market and supplier decisions.