Formus Capital — Full Portfolio

Alto Pharmacy is a full-service pharmacy that offers patients medication delivery, cost transparency, and pharmacist access.

ConsumerDigital HealthHealthtechSan Francisco, US

James Karraker(Executive Officer, Director)Mattieu Gamache-Asselin(Founder & CEO)inNichola Eliovits(Director)Nathaniel Kan(Director)Robert Spinner(Director)

BoardNeil Shah(Director)in

Co-investorsAvego BioScience CapitalBantam GroupCalm VenturesCSC UpshotEvolution VC PartnersFlucas Ventures+8 more

Arch operates an automated crypto lending platform that offers Bitcoin-backed loans, allowing investors to configure and receive funding within minutes.

Crypto & Web3FintechNew York, US

Dhruv Patel(CEO & Co-founder)inHimanshu Sahay(CTO & Co-founder)in

Co-investorsCastle Island VenturesFour Acres CapitalPICUS CAPITAL

Avoca provides AI-powered customer service agents for service-based businesses that handle incoming calls, text messages, and chats to book appointments and re-engage customers.

AI & Machine LearningEnterprise SoftwareSaaSNew York City, US

Apurva Shrivastava(Founder)inTyson Chen(Founder)inSissi Li Zhou(Founder)in

Co-investorsAmplify PartnersAudaciousBoxGroupCitta CapitalKleiner PerkinsOUTBOUND CAPITAL+8 more

Brainbase is a cloud platform for building, hosting, and scaling AI agents across any model or harness, handling orchestration, evaluations, observability, and deployment.

AI & Machine LearningCloud ComputingDeveloper Tools

Gokhan Egri(Founder)in

Co-investors500 Emerging EuropeBessemer Venture PartnersNosara CapitalStruck Capital

Co-investorsFikaInspired CapitalTwine Ventures

Dataland operates a platform that combines online learning resources and data repositories to showcase AI-generated art, focusing on nature-themed datasets presented through machine learning and advanced visualization technologies.

AgTechAI & Machine LearningConsumerDeep TechMedia & EntertainmentSector Agnostic

Refik Anadolin

Co-investorsBlack Forest LabsAnais Ventures

Deel is a global HR platform that enables businesses to hire, onboard, and manage employees and contractors across borders.

Enterprise SoftwareFintechFuture of WorkHR TechSaaSSan Francisco, US

Alex Bouaziz(Founder/CEO)inShuo Wang(Founder/CRO)inAlexandre Bouaziz(Executive Officer, Director, Promoter)Ofer Simon(Former Co-Founder)Philippe Bouaziz(Executive Officer, Director, Promoter)in

BoardAnish Acharya(Director)

Co-investorsAlpha Square GroupAltaIR CapitalAmplo VenturesAndreessen HorowitzCoatue ManagementElad Gil+34 more

Dill provides a software platform for construction wholesalers and distributors to automate credit applications, accounts receivable management, and online payment processing.

Construction TechEnterprise SoftwareFintechSaaSSan Francisco, US

Catherine Jiang(Founder)in

Co-investorsY Combinator

Draftwise provides AI-powered contract review and automation software for in-house legal teams and investment funds.

AI & Machine LearningEnterprise SoftwareLegalTechSaaSNew York City, US

James Ding(Founder/CEO)inEmre Ozen(Founder/CTO)inOzan Yalti(Founder/CSO)in

Co-investorsY CombinatorCerity Partners VenturesIndex Ventures

Dynamo provides automated AI risk evaluation and red-teaming tools designed to assess the privacy, safety, and compliance of AI systems.

AI & Machine LearningCybersecurityEnterprise SoftwareSan Francisco, US

Christian Lau(Founder)inVaikkunth Mugunthan(Founder)in

Co-investorsCathexis VenturesSamsung NextY Combinator

Dynamo provides end-to-end automated AI risk evaluation and guardrails for generative and agentic AI systems, measuring privacy, safety, and compliance.

AI & Machine LearningCybersecuritySaaSSan Francisco, US

Vaikkunth Mugunthan(Executive Officer, Director, Promoter)inChristian Lau(Executive Officer, Director, Promoter)inEmile Indik(Executive Officer, Director, Promoter)

Co-investorsCanapi VenturesKickstart InnovationMerus CapitalNexus Venture PartnersSoma Capital

Every.io is a financial technology company that enables businesses to invest in U.S.

Enterprise SoftwareFintechFuture of WorkSaaSSan Francisco, US

Rajeev Behera(Founder)inBarry Peterson(Founder)in

Co-investorsRedpoint VenturesY CombinatorOlive Tree CapitalWayfinder VenturesCamber CreekCambrian Ventures+3 more

Fasset operates a mobile banking and investing app offering multi-currency accounts, cross-border transfers, instant settlements, a global debit card, and interest-free investment access across crypto, stocks, funds, and commodities, all powered by its Own Network (L2) blockchain.

ConsumerCrypto & Web3Fintech

Co-investorsAEF Greater Bay Area FundGobi Partners

Gauss provides a credit line product designed to help consumers manage and pay down credit card debt at lower interest rates (14%-18% APR) compared to traditional credit cards.

FintechNew York City, US

Alex Matsenov(Founder)inAbdullo Akhadov(Founder)in

Co-investorsSamsung NextY CombinatorOlive Tree Capital

GoWit operates a commerce and retail media network serving retailers, advertisers, and agencies across EMEA, enabling them to unlock new revenue streams and enhance advertising capabilities.

AdTechAI & Machine LearningB2B MarketplacesRetail Tech

Co-investorsNuwa Capital

Kalder provides a loyalty program platform that enables brands to manage partner rewards, automatically onboard reward partners, and engage customers through gamified offers and member portals.

FintechMarketing TechRetail TechSaaS

Co-investors500 Emerging Europe500 Global8VCAlumni VenturesEmergence CapitalGingerbread Capital+2 more

Kalshi operates a federally regulated futures exchange that allows users to trade contracts based on the outcomes of real-world events, creating a new market for event-based financial derivatives.

FintechNew York City, US

Luana Lopes Lara(Founder)inTarek Mansour(Co-founder & CEO)in

BoardAlfred Lin(Director)inMichael Seibel(Director)inMatt Huang(Director)in

Co-investorsa16z cryptoAlpha PartnersAndreessen HorowitzCapitalGCoatue ManagementConductive Ventures+27 more

Letter AI provides an AI-native revenue enablement platform for sales and GTM teams, delivering personalized content, training, coaching, and buyer engagement tools.

AI & Machine LearningEnterprise SoftwareFuture of WorkSaaSSales TechChicago, US

Ali Akhtar(Founder)inArmen Forget(Founder)in

Co-investorsBattery VenturesStage 2 CapitalY CombinatorLightbank

Magnetic provides software that automatically converts scanned client tax documents—including handwritten notes, spreadsheets, and multi-state forms—into tax software entries, reducing manual data entry work for accounting firms.

Enterprise SoftwareFuture of WorkSan Francisco, US

Thomas Shelley(Founder)inPatrick Fay(Founder)in

Co-investorsTranspose Platform ManagementY Combinator

Marblism provides AI employees that handle specialized business tasks like SEO, executive assistance, lead generation, and community management for small businesses.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareFuture of WorkSaaSLondon, GB

Ulric Musset(Founder)in

Co-investorsDraper AssociatesTRAC (Third Round Analytics Capital)Y Combinator

Moon Valley develops Marey, an AI video generation model that creates image-to-video and text-to-video content with cinematic quality, trained on licensed footage and designed for professional filmmaking and screen production.

AI & Machine LearningConsumerCreator EconomyMedia & EntertainmentToronto, CA

Naeem T(Founder)inJohn Thomas(Co-founder & Chief Operating Officer)inMateusz Malinowski(Co-founder & Chief Scientific Officer)inMikołaj Bińkowski(Co-founder & VP of Research)Naeem Talukdar(Co-founder & Chief Executive Officer)inJohn T.(Founder)in

Co-investors2.12 AngelsAdapt VenturesBessemer Venture PartnersBrave CapitalComcast VenturesSpacecadet Ventures+4 more

Mottu is a motorcycle rental service that allows users to rent motorbikes for short-term urban mobility.

B2B MarketplacesLogistics & Supply ChainMarketplacesMobility & Transportation

Co-investorsAllievo CapitalLinkinFirmQED Investors

Mstack builds an AI platform for chemical synthesis that reduces development timelines from 18+ months to days by learning reaction mechanisms and predicting optimal synthesis routes.

Advanced ManufacturingAI & Machine LearningDeep TechNew MaterialsSan Francisco, US

Co-investorsAlpha Wave Global

Nectar builds a utility intelligence platform that aggregates energy consumption data from utility bills and online portals to help companies optimize their energy usage and costs.

Advanced ManufacturingCleantechClimate TechData & InfrastructureEnergyEnterprise SoftwareSaaSSan Francisco, US

Allen Wang(Founder)inKatherine He(Founder)in

Co-investorsTwine VenturesY CombinatorMenloMenlo VenturesTrue Ventures

Noah is building a cross-border payments platform aimed at making international payments faster and more accessible.

Crypto & Web3FintechSaaSRiverton, US

Shah Ramezani(CEO and Founder)inThijn Lamers(Co-Founder and President)inWILLIAM J BOWSER(Executive Officer, Director)STEVE TRUMBO(Director)CHERYL WILDE(Executive Officer)RONALD NEIL(Director)

Co-investorsFELIX CAPITALFJ LabsLocalGlobeWintermute10x Founders

OLX operates a peer-to-peer marketplace where users buy and sell goods from each other in local communities across 30+ countries.

Marketplaces

Amarjit Singh Batrain

Co-investorsBessemer Venture PartnersDN CapitalEvolution VC PartnersEchoVC Partners

PostHog is a product analytics and data platform offering multiple integrated tools for product engineers, including analytics, experimentation, and customer data management.

Data & InfrastructureDeveloper ToolsEnterprise SoftwareSaaSSan Francisco, US

James Hawkins(Founder)inTim Glaser(Founder)in

Co-investors1984 Ventures Management, LlcPeak XV PartnersStandard CapitalUnusual VenturesValkyrie Ventures Management, LlcY Combinator+4 more

Praso operates an e-commerce platform selling consumer goods such as snacks and chocolates, offering next-day delivery in metropolitan regions of northeastern Brazil including Recife, João Pessoa, and Fortaleza.

B2B MarketplacesE-commerceFoodTechLogistics & Supply ChainRecife, BR

Samuel Carvalho(Founder)in

Co-investorsBase PartnersNFXValor Capital GroupEndeavor Scale-UpIporanga Ventures

River is a bitcoin bank providing full-reserve custody and financial services built on sound money principles.

Crypto & Web3FintechSan Francisco, US

Alex Leishman(Founder, CEO & CTO)inAndrew Benson(Executive Officer, Director)in

Co-investorsDG Daiwa VenturesHivemind Ventures, LlcIDEO CoLab VenturesSlow VenturesSummit Peak Ventures

Rove Miles is a travel rewards program that lets consumers earn a flexible miles currency from everyday spending and travel bookings, then redeem them for flights and hotel stays across airlines, hotels, and loyalty programs.

ConsumerFintechTravel & Hospitality

Co-investorsMyAsiaVCPeak XV Partners

Sapiom provides an execution engine and access network that lets AI agents use external capabilities — such as authentication, LLM inference, web search, voice, image and video generation, compute, databases, and messaging — through a single API key, with metered pay-per-use billing.

AI & Machine LearningData & InfrastructureDeveloper ToolsSan Francisco, US

Ilan Zerbib(Founder)in

Co-investorsAccelAngel InvestGradient VenturesOperator CollectiveArray Ventures Management LlcDragonfly

Seso offers HR, payroll, and H-2A visa filing and compliance software plus managed worker services for U.S. agricultural employers to hire, onboard, and retain farm labor.

AgTechHR TechSaaSSan Francisco, US

Michael Guirguis(Co-founder & CEO)inJordan Taylor(Co-founder)in

Co-investorsIndex VenturesNFXBONDFounders Fund137 VenturesHOF Capital+8 more

Synthetic Society provides AI-driven user simulations for software development, enabling teams to test products and catch UX issues during the development phase rather than after release.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareNew York City, US

Kavan Doctor(Founder)inAaron Chew(Founder)in

Co-investorsLink VenturesMento vcTranspose Platform ManagementY Combinator

Taptap Send is a money transfer application that enables users to send remittances to over 70 destinations across Africa, Asia, the Caribbean, and Latin America at lower costs and faster speeds than traditional services.

FintechImpact & Social GoodNew York, GB

Michael Faye(Executive Officer, Director, Promoter)inMitchell Riley(Executive Officer)

BoardBrendan Dickinson(Director)inChristopher Schroeder(Director)

Co-investorsOmidyar NetworkBalderton CapitalBlue CollectiveBreyer CapitalCanaan PartnersFinberg+5 more

Tempo is a personal assistant platform that combines an AI assistant with human support, operated through WhatsApp, to handle everyday personal tasks such as scheduling appointments, booking travel and restaurants, buying gifts, renewing documents, and paying bills.

AI & Machine LearningConsumerFuture of Work

Eduardo Latache(Founder)in

Co-investorsAllievo CapitalNorte VenturesGeneral CatalystGolden VenturesGreenoaksMAYA Capital Ventures+7 more

VectorShift provides an institutional intelligence platform for investment firms to analyze and track deal data, portfolio companies, and contracts in centralized workflows with real-time visibility and risk flagging.

AI & Machine LearningEnterprise SoftwareFintechNew York City, US

Alexander Leonardi(Founder)inAlbert Mao(Founder)in

Co-investorsXG VenturesY Combinator1984 Ventures Management, Llc468 CapitalSoma Capital

Viam provides a software platform and programmable infrastructure for building and deploying robots and autonomous systems.

Developer ToolsHardwareRoboticsSaaSNew York, US

Eliot Horowitz(Co-founder)in

BoardAlbert Wenger(Director)in

Co-investorsAlleyCorpBattery VenturesUnion Square Ventures (USV)Alley Robotics VenturesTiger Global ManagementUSV 2024

Zetwerk is a global digital manufacturing platform that connects customers with a network of manufacturers offering CNC machining, die casting, 3D printing, and related services across industries.

Advanced ManufacturingB2B MarketplacesBengaluru, IN

Co-investorsAccelAvenir Growth CapitalKae CapitalKhosla VenturesLiquidity CapitalPeak XV Partners+2 more

Zingly provides an AI platform combining voice and digital channels for customer experience (CX), aimed at enterprises in regulated and high-touch industries.

AI & Machine LearningEnterprise SoftwareSaaSSan Ramon, US

Gaurav Passi(CEO, Co-Founder)inPiotrek Chojnowski(Head of CX & Design, Co-Founder)inDavid Milam(Executive Officer)inJohn D'Amour(Head of Product, Co-Founder)inJafar Adibi(Head of AI & Technology)inBrian Schnack(Head of Success)in

Co-investorsWestWave CapitalArray Ventures Management LlcScribble VenturesBurst CapitalDell Technologies Capital