Investors / Formation
Formation
Venture capital
Formation is an early-stage investment firm that leads pre-seed rounds and participates in seed rounds. It describes itself as building a firm around the "Formation Stage" of company building, working with founders both one-on-one and in cohorts.
Invests inAI & Machine LearningFintechHealthcare & Biotech
In its own wordspre-seedseedearly-stagefounder development
Your fit with Formation
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Or find every investor that fitsFormation lists 6 checked portfolio companies on its own site and is named in 6 funding rounds. Its most frequent entry is Seed, 50% of the companies with a known first round. Its largest themes are AI & Machine Learning (27%), Fintech (18%) and Healthcare & Biotech (18%). 100% of its companies are based in United States. It invests most often alongside Nebular, ARCH Venture Partners and Andreessen Horowitz.
Counts come from funding rounds that name Formation, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Entry stage
share of companies by the stage of its first roundShow as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 50% |
| Series A | 33% |
| Series B | 0% |
| Growth | 17% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 3 | 0 |
| '26 | 3 | 0 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 8th | 6 companies |
| Recent activity | 82th | 4 rounds in 12 months |
| Early stage | 73th | 50% of entries at pre-seed or seed |
| Evidence | 52th | 0% of companies confirmed by a round |
| Sector focus | 43th | 27% in its largest sector |
| Reach | 19th | 1 country |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Nebular | 2 |
| ARCH Venture Partners | 1 |
| Andreessen Horowitz | 1 |
| Bain Capital Ventures | 1 |
| BoxGroup | 1 |
| Castle Island Ventures | 1 |
| Commonweal Ventures | 1 |
| Fin Capital | 1 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers6100%
- No longer answers00%
- Points to another company00%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 27% | 18% |
| Fintech | 18% | 12% |
| Healthcare & Biotech | 18% | 15% |
| Cybersecurity | 18% | 4% |
| Food & Agriculture | 9% | 3% |
| Education | 9% | 7% |
Co-investor network
who it backs companies with, and who they back togetherCompare Formation head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with Formation| Date | Company | Stage |
|---|---|---|
| 7 Jul 2026 | Series A | |
| 16 Apr 2026 | Seed | |
| 14 Jan 2026 | Series A | |
| 17 Dec 2025 | Series C+ | |
| 26 Sept 2025 | Seed | |
| 9 Sept 2025 | Seed |
Round details for Formation
Amounts, full round histories and every co-investor in Formation's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
6 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Balerion AI provides AI-powered building intelligence for mortgage underwriting | FintechAI & Machine Learning | Apr 2026Seed | Funding round | |
| Cosan provides virtual care management solutions to healthcare providers | Healthcare & Biotech | Dec 2025Series C+ | Funding round | |
| The company provides AI agents to automate tasks for foodservice distributors, including order intake, sales workflows, procurement, and credit control. | Food & AgricultureAI & Machine Learning | Sept 2025Seed | Funding round | |
| Oratomic builds fault-tolerant quantum computers | AI & Machine LearningCybersecurity | Jul 2026Series A | Funding round | |
| Project Eleven provides digital asset custody and blockchain infrastructure security solutions | FintechCybersecurity | Jan 2026Series A | Funding round | |
| Sharp provides performance coaching for first responders, including police officers, firefighters, and EMS personnel. | Healthcare & BiotechEducation | Sept 2025Seed | Funding round |
About this data
site last read 5 Nov 2026- Site
- formationvc.com
- Last read
- 5 Nov 2026
- Watching since
- 6 Nov 2026
- Rounds since
- 9 Sept 2025
- Companies checked
- 6
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
Get Formation's profile as data
Pull Formation's portfolio, co-investors and changes through one API key or MCP, open every portfolio row, compare it with other firms, and get an email when it adds a company or files a fund.
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- Full listsEvery portfolio row and two-firm overlap
- API and MCP100 REST or MCP calls a month, one key
- AlertsFollow 5 investors for portfolio and fund changes
$ curl -H "X-API-Key: YOUR_KEY" \
https://api.vcinfo.io/v1/firms/formationvc.com
# also
GET /v1/firms/formationvc.com/portfolio
GET /v1/firms/formationvc.com/coinvestors
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