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

Who backs Formance?

20 investors
InvestorType
Y CombinatorOther
Sequoia CapitalVenture capital
Kima VenturesVenture capital
PortageVenture capital
PayPal VenturesOther
Night Capital—
Hoxton VenturesOther
Frst Capital—
SagardAsset manager
Aaron Epstein—
+ 10 more investors · a free account shows the complete list
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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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