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
How much has Formance raised?
$30.9Macross 2 recorded rounds · Dec 2023 – Dec 2024

Most recently, Formance raised $18.5M in its Early Stage VC (Dec 2024).

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Formance round by round

2 rounds
Dec 2024Early Stage VC$18.5MSEC filing▮
4 investors participated
Dec 2023Early Stage VC$6.6MSEC filing▮
36 investors participated

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.

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Frequently asked about Formance

How much has Formance raised?
Formance has raised $30.9M in total across 2 recorded funding rounds.
When was Formance's last funding round?
Formance's most recent recorded round was Early Stage VC in Dec 2024, raising $18.5M.