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)MGMattieu Gamache-Asselin(Founder)inNENichola Eliovits(Director)inNathaniel Kan(Director)Robert Spinner(Director)Jamie Karraker(Founder)

Co-investorsAIAidenlair CapitalAVAvego BioScience CapitalBABantam GroupCACalm VenturesCSCSC UpshotEVEvolution VC Partners+17 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

DPDhruv Patel(CEO & Co-founder)inHSHimanshu Sahay(CTO & Co-founder)in

Co-investorsALAlumni VenturesBBBBQ CapitalCACastle Island VenturesFOFour Acres CapitalPIPICUS CAPITALRARaido Venture Holdings

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 SoftwareSaaSSales TechNew York City, US

ASApurva Shrivastava(Founder)inTCTyson Chen(Founder)inSissi Li Zhou(Founder)in

Co-investorsALAlumni VenturesAMAmino CapitalAMAmplify PartnersAUAudaciousBOBoxGroupCACapital 49+26 more

Brainbase provides an AI agent cloud platform that enables companies to build and deploy AI agents in production across any model or infrastructure.

AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise SoftwareSaaSSan Francisco, US

GEGokhan Egri(Founder)inMichael Liu(Chief of Staff)Abhinav Tumu(Founding Software Engineer)Matthew Koen(Founding Software Engineer)

Co-investors50500 Emerging EuropePIPioneerY Y CombinatorALAlpha EdisonBEBessemer Venture PartnersBOBonfire Ventures+10 more

Compliance software for food and agriculture

BHBen Harms(Co-founder)inMMMatt Meisner(Co-founder)in

Co-investorsFIFikaINInspired CapitalTWTwine 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

RARefik Anadolin

Co-investorsBLBlack Forest LabsANAnais Ventures

Datoric sources and licenses ethically obtained voice, video, and multimodal training data for frontier AI development, working directly with consented, compensated contributors such as native speakers and domain experts.

AI & Machine LearningData & InfrastructureEnterprise SoftwareRoboticsSan Francisco, US

NRNikhil Reddy(CEO)inJLJeffrey Lin(CTO)in

Co-investorsRERedbud Trail GroupVEVela PartnersWSWSSY Y CombinatorACActive CapitalBLBlast.Club+11 more

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

ABAlex Bouaziz(CEO)inSWShuo Wang(CRO)inAlexandre Bouaziz(Executive Officer, Director, Promoter)Ofer Simon(Founder)PBPhilippe Bouaziz(Executive Officer, Director, Promoter)inDan Westgarth(Founder)

Co-investors51515 VenturesADAdventure FundALAlpha Square GroupALAltaclub VCALAltaIR CapitalAMAmplo Ventures+73 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

CJCatherine Jiang(Founder)inTim Hsu(Head of Sales)

Co-investorsPUPunch CapitalY Y CombinatorAIAidenlair CapitalCACapitalize VCRORomulus CapitalTWTwenty Two Ventures+2 more

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

AI & Machine LearningEnterprise SoftwareLegalTechSaaSNew York City, US

JDJames Ding(CEO)inEOEmre Ozen(CTO)inOYOzan Yalti(CSO)inNathan Cemenska(Founder)Niall Grogan(Lead, Product)Michael Stych(Head of Sales)

Co-investorsY Y CombinatorCECerity Partners VenturesINIndex VenturesSOSoma CapitalBEBek VenturesESEsas Ventures+5 more

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

AI & Machine LearningCybersecurityEnterprise SoftwareSaaSSan Francisco, US

CLChristian Lau(Co-Founder)inVMVaikkunth Mugunthan(Co-Founder)inEmile Indik(Executive Officer, Director, Promoter)Oliver Liu(Director of Engineering)

Co-investorsCACanapi VenturesCACathexis VenturesKIKickstart InnovationMEMerus CapitalSASamsung NextSOSoma Capital+5 more

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

Enterprise SoftwareFintechFuture of WorkSaaSSan Francisco, US

RBRajeev Behera(Founder)inBPBarry Peterson(Founder)inMichael Edwards(Head of Sales)Yasmin Acevedo(Recruiter)

Co-investorsRERedpoint VenturesY Y CombinatorMAMaiora Rebel VenturesOLOlive Tree CapitalPIPioneerRERebel Fund+16 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 & Web3FintechDubai, AE

Co-investorsAEAEF Greater Bay Area FundFAFatima Gobi VenturesGOGobi PartnersSOSoma Capital

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

AMAlex Matsenov(Founder)inAAAbdullo Akhadov(Founder)inAlina Arshakian(HRD)Sergey Cherepanov(CTO)Andrew Koz(Head of Growth)

Co-investorsCOCorewell Health VenturesSASamsung NextSOSoma CapitalY Y CombinatorDGDG Daiwa VenturesOLOlive 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-investorsAPAPY VenturesNUNuwa 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-investors50500 Emerging EuropeSOSoma Capital50500 Global8V8VCALAlumni VenturesEMEmergence Capital Partners+3 more

Kalder provides a platform that turns loyalty and rewards programs into a revenue-generating "Rewards Media Network," offering card-linking technology, an aggregated network of 35,000+ brand-funded offers, and a white-labeled rewards app.

FintechMarketing TechSaaS

Co-investorsALAlumni Ventures50500 Global8V8VCEMEmergence Capital PartnersGIGingerbread CapitalHUHuman Capital+1 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

LLLuana Lopes Lara(Founder)inTMTarek Mansour(Founder)inLuana Lara Lopes(Founder)Samantha Braun(Vice President Business Development)Dwayne Nonales(Recruiting)Rhea Sanger(CoS)

Co-investorsA1a16z cryptoALAliya Capital PartnersALAlpha PartnersANAndreessen HorowitzBOBond Capital ManagementCACapitalG+56 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

AAAli Akhtar(Founder)inAFArmen Forget(Founder)in

Co-investorsBABattery VenturesPIPioneerSOSoma CapitalSTStage 2 CapitalTETechNexus Venture CollaborativeY Y Combinator+4 more

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

TSThomas Shelley(CEO)inPFPatrick Fay(CTO)inSarah York(Tax Manager)Matt Singer(Lead Recruiter)Quinn Li O'Shea(Head of Growth)

Co-investorsOROrange CollectiveTRTranspose Platform ManagementY Y CombinatorACAcquisition.comAMAmino CapitalBLBlast.Club+6 more

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

UMUlric Musset(CEO)inCyril Pluche

Co-investorsDRDraper AssociatesKIKima VenturesLILitquidity VenturesPIPioneerTRTRAC (Third Round Analytics Capital)Y 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

NTNaeem T(Founder)inJTJohn Thomas(Founder)inMMMateusz Malinowski(Founder)inMBMikołaj Bińkowski(Co-founder & VP of Research)Bryn Mooser(Founder)Mik Binkowski(Founder)

Co-investors2.2.12 AngelsADAdapt VenturesBABastien Family OfficeBEBessemer Venture PartnersBRBrave CapitalCOComcast Ventures+17 more

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

B2B MarketplacesLogistics & Supply ChainMarketplacesMobility & Transportation

Caetano Minuzzo(Founder)Rubens Zanelatto(Founder)

Co-investorsALAllievo CapitalCACaravela CapitalFJFJ LabsLILinkinFirmPRPractical Venture CapitalQEQED Investors+1 more

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-investorsALAlpha Wave GlobalLILightspeed India PartnersLILightspeed Venture Partners

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

AWAllen Wang(Founder)inKHKatherine He(Founder)inAndrew Hollis(Founder)Jackson Horne(Founder)Trevor Larson(Founder)Jesse Cheng(Account Executive)

Co-investorsCOCollaborative FundEIEight CapitalSOSoma CapitalTWTwine VenturesY Y CombinatorCHChinaRock Capital Management+12 more

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

Crypto & Web3FintechSaaSRiverton, US

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

Co-investorsFEFELIX CAPITALFJFJ LabsLOLocalGlobeUNUnion Square Ventures (USV)WIWintermute1010x Founders+6 more

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-investorsBEBessemer Venture PartnersDNDN CapitalEVEvolution VC PartnersFJFJ LabsECEchoVC 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

JHJames Hawkins(Founder)inTGTim Glaser(Founder)inPaolo D'Amico(Product)Luke Harries(Head of Product)Charles Cook(Ops Manager)Eltje Lange(People \u0026 Talent Lead)

Co-investors191984 Ventures Management, LlcGVGV (Google Ventures)PEPeak XV PartnersRURuna CapitalSTStandard CapitalSUSunflower Capital Management Fund+16 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

SCSamuel Carvalho(Founder)in

Co-investorsBABase PartnersNFNFXVAValor Capital GroupENEndeavor Scale-UpIPIporanga Ventures

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

Crypto & Web3FintechSan Francisco, US

ALAlex Leishman(Founder, CEO & CTO)inABAndrew Benson(Founder)inJMJames M Stubbs(Executive Officer, Director)inGerald Ray Smith, Jr.(Executive Officer, Director)Kenneth H Givens(Executive Officer)Alexander Leishman(Founder)

Co-investorsBLBlockchain CoinvestorsDGDG Daiwa VenturesHIHivemind Ventures, LlcIDIDEO CoLab VenturesM1M13SLSlow Ventures+4 more

Rove is a travel rewards platform that allows users to earn and redeem miles on flights and hotel bookings through shopping at partner stores and booking travel directly.

AI & Machine LearningConsumerFintechTravel & HospitalityNew York City, US

MMMax Morganroth(CEO)inACArhan Chhabra(Founder)inElon Rubin(Senior Software Engineer)Kevin Faisal(Founding Engineer)

Co-investorsDAData TechY Y CombinatorATAtland VenturesBOBOND STCOCory LevyGEGeneral Catalyst+3 more

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-investorsMYMyAsiaVCPEPeak XV PartnersGEGeneral CatalystSOSoma CapitalY Y Combinator

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

IZIlan Zerbib(Founder)in

Co-investorsACAccelANAngel InvestARArray Ventures Management LlcGRGradient VenturesOPOperator CollectiveACAccel-KKR+7 more

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

MGMichael Guirguis(Founder)inJTJordan Taylor(Founder)inDuring Zhang(Founder)

Co-investorsINIndex VenturesNFNFXFOFounders Fund13137 VenturesBOBond Capital ManagementHOHOF Capital+10 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

KDKavan Doctor(CTO)inACAaron Chew(CEO)in

Co-investorsEIEight CapitalLILink VenturesMEMento vcPIPioneerSOSoma CapitalTRTranspose Platform Management+2 more

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

MFMichael Faye(Founder)inMitchell Riley(Executive Officer)Paul Niehaus(Founder)

BoardBDBrendan Dickinson(Director)inChristopher Schroeder(Director)

Co-investorsOMOmidyar NetworkBABalderton CapitalBLBlue CollectiveBRBreyer CapitalCACanaan PartnersFIFinberg+10 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

ELEduardo Latache(Founder)in

Co-investorsALAllievo CapitalCACaravela CapitalMAMAYA Capital VenturesNONorte VenturesGEGeneral CatalystGOGolden Ventures+8 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

ALAlexander Leonardi(Founder)inAMAlbert Mao(Founder)in

Co-investorsPIPioneerXGXG VenturesY Y Combinator191984 Ventures Management, Llc46468 CapitalDEDefy Partners+3 more

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

Developer ToolsHardwareRoboticsSaaSNew York, US

EHEliot Horowitz(Founder)in

BoardAWAlbert Wenger(Director)in

Co-investorsALAlleyCorpBABattery VenturesUNUnion Square Ventures (USV)ALAlley Robotics VenturesTITiger Global Management

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

Amrit Acharya(Founder)Amrit Acharya (CEO)(Founder)Ankit Fatehpuria(Founder)Rahul Sharma(Founder)inSrinath Ramakkrushnan(Founder)Vishal Chaudhary(Founder)

Co-investorsACAccelALAlexander Geza Marcus PejacsevichARAroa Venture PartnersAVAvenir Growth CapitalKAKae CapitalKHKhosla Ventures+11 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

GPGaurav Passi(CEO, Co-Founder)inPCPiotrek Chojnowski(Head of CX & Design, Co-Founder)inDMDavid Milam(Executive Officer)inJohn D'Amour(Head of Product, Co-Founder)inJAJafar Adibi(Head of AI & Technology)inBSBrian Schnack(Head of Success)in

Co-investorsWEWestWave CapitalARArray Ventures Management LlcDEDell Technologies CapitalSCScribble VenturesBUBurst Capital