Overview
Formulary, founded by Alfia Ilicheva, has secured a $4.6 million seed round led by Khosla Ventures, with participation from Human Ventures and Serena Williams's venture firm. The company aims to revolutionize fund administration in private equity and venture capital by leveraging AI to provide real-time, accurate data, addressing the inefficiencies of existing options. The funding round was three times oversubscribed, highlighting strong investor interest in this innovative solution.
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Investors: Khosla Ventures, Human Ventures, Serena Williams's venture firm
Formulary, founded by Alfia Ilicheva, has secured a $4.6 million seed round led by Khosla Ventures, with participation from Human Ventures and Serena Williams's venture firm. The company aims to revolutionize fund administration in private equity and venture capital by leveraging AI to provide real-time, accurate data, addressing the inefficiencies of existing options. The funding round was three times oversubscribed, highlighting strong investor interest in this innovative solution.