Key facts
- Formance’s last known valuation is $61.8M (Jan 2025).
- 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).
- ·Post-money valuations for all 2 rounds
- ·The complete investor list — 20 names
- ·Watchlist + deal alerts for Formance
Funding rounds
2 roundsAbout 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
- Website
- formance.com/
- Ownership
- Privately Held (backing)
Formance doesn't have a composite mark yet — a PA Mark is published once enough pricing inputs exist (trade prints, fund marks, round prices). The rest of the record below builds toward it.
Recorded secondary trades
No secondary trades in Formance shares have been recorded yet. When a print lands — third-party, direct report, or platform — it appears here with structure, source, and price.
Institutional fund marks
No SEC-registered fund has reported a fair-value mark on Formance in its N-PORT filings yet. We sweep new filings monthly.