Overview
Formulary Financial has secured $4.6 million in seed funding to establish an AI-native fund administration business that aims to modernize back-office operations for private market investors. The funding round was led by Khosla Ventures, with contributions from Acrew Capital, Company Ventures, Human Ventures, Serena Ventures, Alumni Ventures, and various strategic partners and industry executives.
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Investors: Khosla Ventures, Acrew Capital, Company Ventures, Human Ventures, Serena Ventures, Alumni Ventures
Formulary Financial has secured $4.6 million in seed funding to establish an AI-native fund administration business that aims to modernize back-office operations for private market investors. The funding round was led by Khosla Ventures, with contributions from Acrew Capital, Company Ventures, Human Ventures, Serena Ventures, Alumni Ventures, and various strategic partners and industry executives.