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Formulary Financial
Weston, US · Founded 2025 · Delaware corporation · 13 employees on LinkedIn · 6 known investors
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Formulary provides fund administration services for asset managers, combining a technology platform with human-led accounting to support general partners and limited partners. The company targets fund accounting, reporting, compliance, tax, audit, and investor services for private markets funds.
Founders & leadership
Investors · 6
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Funding
SEC filings, press & company announcements$8.8M disclosed across 2 rounds · 2025–2026
- $4.6MSeedJan 2026 · 2 sourcesSource ↗
▶$4.2MraisedApr 2025 · 10 investors · Other TechnologyRule 506(b)
- Alfia IlichevaExecutive Officer, Director
- Offering amount
- $4.7M
- Amount sold
- $4.2M
- First sale
- Mar 2025
- Incorporated
- Corporation, Delaware, 2025
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Formulary Financial, Inc. is a fund administration provider serving asset managers. Its service lines span fund accounting, fund reporting, GP services and treasury; investor services covering capital activity, LP inquiries and tailored reporting; technology solutions including self-administration tooling and office-of-the-CFO advisory; and regulatory and compliance work covering audit, compliance and tax.
The company positions fund administration as an operational function delivered through a combination of data infrastructure, fund operations workflows and reporting tailored to individual managers, with the stated aim of supporting managers across the investment lifecycle.
Business model
Formulary sells outsourced fund administration and related back- and middle-office services to asset management firms, supplemented by technology offerings that allow clients to self-administer, and by advisory services aimed at finance leadership at fund managers.
Traction
The company's website publishes anonymized client testimonials from heads of finance at asset management firms describing onboarding, ongoing support and financial statement review engagements.
▸Full profile — market position, technology, go-to-market
Market position
The company emphasizes rapid onboarding and data migration from incumbent administrators, proactive support functioning as an extension of a client's finance team, and detailed review of fund financials.
Technology
Formulary pairs its administration services with a technology platform covering fund data management, fund operations and reporting, including options for clients to self-administer and receive tailored reporting outputs.
Go-to-market
Direct engagement with asset management firms via a contact-based sales motion on the company's website, with onboarding and data migration from incumbent fund administrators presented as part of the client transition process.
Asset managers and their finance functions, including general partners and limited partners of private markets funds; client testimonials on the company's site are attributed to heads of finance at asset management firms.
Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Legal entities · 1
corporate structureIn the news
▸Research sources · 1
primary sources listed
- Formulary Financialformulary.co · web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Formulary Financial do?
- Formulary Financial provides fund administration services and technology for private-markets asset managers.
- Who are Formulary Financial's investors?
- Formulary Financial's investors include Alumni Ventures, Acrew Capital, Company Ventures, Human Ventures, Khosla Ventures, Serena Ventures.
- How much funding has Formulary Financial raised?
- Formulary Financial has disclosed $8.8M raised across 2 rounds.
- Where is Formulary Financial headquartered?
- Formulary Financial is headquartered in Weston, US.