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
Team — not yet on record
No current team members for Formance are on record yet. People surface from round filings, company disclosures, and coverage sessions.
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·The complete investor list: 20 names
·Watch Formance: the Monday email on marks, rounds and moves
