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Formulate Ventures

Venture capital

San Francisco · Pre-Seed–Seed · 1 people tracked

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Investment thesis

Formulate Ventures is an early-stage, people-first venture capital firm focused on supporting founders from inception (0 to 1).

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Seed
HQ
San Francisco, CA, US
Instruments
Equity
Founded
2020
Tracked investments
11

Team · 1 people

from the firm's website

What they invest in

from 10 of 11 portfolio companies

AI & Machine Learning ×6Fintech ×6SaaS ×5Developer Tools ×4Enterprise Software ×4Crypto & Web3 ×2Cybersecurity ×1E-commerce ×1

HQs:United States×9

Investments · 11 tracked

founders shown can be your intro path

By year:2023 · 12022 · 12021 · 12016 · 14 dated

0xPass0xpass.ioSep 2023 · $1.8MDefunct

Passport Protocol is an MPC-based distributed key management network that distributes key shares among network nodes rather than between users and backends.

Crypto & Web3CybersecurityDeveloper Tools

Keon Kim(Founder)

Co-investorsAlliance DAO (ex DeFi Alliance)Signum CapitalBalaji SrinivasanBlockchain BuildersCory LevyKommune+1 more

Accendwithaccend.comin𝕏Seed · Mar 2016

Accend is an AI platform for financial institutions to automate business underwriting, onboarding, and risk assessment.

AI & Machine LearningFintechSaaSSilicon Valley, US

Pranjal Daga(Founder)inYutong Pei(Founder)inJoseph Zhou(Founder)inMario F. Spinella(Executive Officer)inJeffrey Scott Szorik(Executive Officer)

Co-investors645 VenturesAdverb VenturesY CombinatorAndreessen HorowitzGeneral CatalystOrange Collective+2 more

Algofialgofi.org𝕏Seed · Nov 2021 · $2.8MDefunct

Algofi develops financial infrastructure designed to lower entry barriers and increase accessibility in financial services.

Crypto & Web3Fintech

Owen ColegroveJohn ClarkePaul Colella(Founding Engineer)

Co-investorsArrington CapitalY CombinatorAlgorand FoundationArrington XRP CapitalBorderless VentureBrevan Howard Digital+10 more

Canopy (was Encarte)heycanopy.comSeed

Canopy is a fundraising management platform that helps founders track investor interactions, manage SAFE notes for e-signature, receive fundraising funds, and consolidate investors into SPVs.

E-commerceFintechSaaSSan Francisco, US

George Fang(Founder)inJohn Ling(Founder)inAlex Danilowicz(Software Engineer)inTeddy Ni(Software / Product)in

Co-investors500 GlobalFeld VenturesLotus Venture PartnersRoot and Shoot VenturesSoma CapitalY Combinator+8 more

Paperplanepaperplane.aiin𝕏SeedDefunct

Paperplane provides credit risk prediction for building supplies merchants using transaction data and sales representative input to identify customers at risk of default weeks before traditional credit assessment methods.

AI & Machine LearningFintechSaaSNew York City, US

Daniel Kwak(Founder)inJack Hopkins(Founder)inBen Magolan(Founder)in

Co-investorsAfore CapitalBloomberg BetaY Combinator1984 Ventures Management, LlcCornerstone Venture PartnersCreator Fund+5 more

Slashslash.comin𝕏Seed

Slash provides enterprise-grade cash management and deposit insurance services for businesses, offering FDIC coverage expanded across a network of partner banks with real-time transaction controls and approval workflows.

AI & Machine LearningEnterprise SoftwareFintechSaaSSan Francisco, US

Victor Cardenas(Founder)inKevin Bai(Founder)inVictor Cardenas Codriansky(Founder)inVictor Cardenas Bincaz(Founder)Scarlett deVries(Operations Manager)Noah Fichter(Software Engineer)in

Co-investorsNew Enterprise Associates (NEA)Y CombinatorGoodwater CapitalAzure Ventures GroupEpakon CapitalGarage Capital+11 more

Vapivapi.aiin𝕏Seed

Vapi is a platform for building, deploying, and monitoring voice AI agents at enterprise scale, with APIs and integrations for customer support and inbound communications.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSan Francisco, US

Jordan Dearsley(Founder)inNikhil Gupta(Founder)inJordan D.(Founder)inJordan Dearsley Nikhil Gupta(Founder)David Suniga(Technical Recruiter)Nancy Tran(Chief of Staff)

Co-investorsAbstract VenturesavraBessemer Venture PartnersGarage CapitalNew York Life VenturesNotable Capital+11 more

Vellumvellum.aiin𝕏Seed

Vellum builds AI development tools and platforms for teams building AI applications.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareFuture of WorkNew York City, US

Akash Sharma(Founder)inSidd Seethepalli(Founder)inNoa Flaherty(Founder)inJohn Cappiello(Founder)Julianna Muir(Founder)

Co-investorsEastlink Capital PartnersInvest In DataPioneerRebel FundTwenty Two VenturesY Combinator+10 more

Wild Moosewildmoose.aiinSeed

Wild Moose builds an AI-powered on-call copilot that automates root cause analysis for production incidents, designed for engineering teams in fast-moving environments.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaSNew York City, US

Yasmin Dunsky(Founder)inRoei Schuster(Founder)inTom Tytunovich(Founder)in

Co-investorsMaterialized View CapitalPioneerY CombinatorF2 Venture CapitaliAngelsiAngels Capital+4 more

Zagetryzage.comin𝕏SeedDefunct

Zage lets users make payments through bank transfers while accumulating rewards for their transactions.

FintechSan Francisco, US

Arsh Shah Dilbagi(Founder)inCole Bransford(Founder)inRyan Ozminkowski(Founder)inKathryn Rungrueng(Head of Operations)

Co-investorsMPG FundY CombinatorAdditionAPOLLO PROJECTSContraryCrystal Towers Capital+5 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Graft

Portfolio news

latest coverage across their companies
Vapi Raises $50M in Series B | The SaaS News

Vapi · thesaasnews.com · May 13, 2026

Accend For Banking

Accend · ycombinator.com · Mar 25, 2026

Vellum for Agents

Vellum · ycombinator.com · Jan 14, 2026

Frequently asked questions

How many investments has Formulate Ventures made?
Formulate Ventures has 11 tracked investments.
What stage does Formulate Ventures invest at?
Formulate Ventures invests at the Pre-Seed, Seed stages.
What sectors does Formulate Ventures focus on?
Formulate Ventures focuses on Crypto & Web3.
Where is Formulate Ventures located?
Formulate Ventures is headquartered in San Francisco, US.

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