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Formance

Paris, France · Founded 2021 · Privately Held (backing)

Developer of an open-source financial ledger designed to build and scale money flows. Formance is based in Paris, France and was founded in 2021. It was valued at $61.8 million at its early-stage round in Jan 2025, the last priced event on record. It has raised $30.9 million across 2 recorded rounds; the latest was an $18.5 million early-stage round in Dec 2024.

PMV mark · valuation
$61.8M
Oct 2026
Priced at
its early-stage round
Jan 2025
Total raised
$30.9M
Last round
Early Stage VC
Dec 2024

Formance key facts

as of Oct 2026
  • Developer of an open-source financial ledger designed to build and scale money flows.
  • Formance is valued at approximately $61.8M as of Oct 2026, set at its early-stage round, Jan 2025; nothing has traded since, per PrivateMarketView’s mark.
  • It has raised $30.9M across 2 recorded rounds; the latest was Early Stage VC ($18.5M) in Dec 2024.
  • Notable investors include Y Combinator, Sequoia Capital, Kima Ventures, Portage, PayPal Ventures — 20 tracked in total.
  • Formance has filed 2 Form Ds with the SEC since 2023, most recently Dec 2024 ($18.5M sold to 4 investors).
  • Status: Privately Held (backing).
PrivateMarketView mark
LOW confidence
$61.8M

Valued at $61.8M at its early-stage round, Jan 2025. Nothing has traded since.

set by its last priced roundas of Oct 2026question about this number?
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Formance funding rounds

2 rounds
Dec 2024Early Stage VC$18.5MSEC filing▮
Dec 2023Early Stage VC$6.6MSEC filing▮
Full funding history →

Formance valuation

Formance was valued at $61.8 million at its early-stage round in Jan 2025. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has Formance raised?

Formance has raised $30.9 million across 2 recorded rounds since 2023. The largest was a $6.6 million early-stage round in Dec 2023; the most recent was an $18.5 million early-stage round in Dec 2024.

Formance has filed 2 Form Ds with the SEC since 2023, most recently in Dec 2024 ($18.5 million sold to 4 investors).

Formance investors

20 investors are on record for Formance, including Y Combinator, Sequoia Capital, Kima Ventures and Portage. The early-stage round in Dec 2024 drew 4 investors.

About Formance

Developer of an open-source financial ledger designed to build and scale money flows. The company's platform allows it to track fund movements between buyers and sellers, build currency, engage players in a meta-game, and reconcile payments between multiple providers, enabling developers to build complex money flows while saving engineering time and reducing risk.

Sector
Financial Services
HQ
Paris, France
Founded
2021
Employees
46
Ownership
Privately Held (backing)

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