What is Formaloo?
Formaloo is recognized as a powerful no-code collaboration platform designed to accelerate the creation of custom business applications. Its core functionality revolves around enabling users to efficiently collect, organize, and derive insights from their data, thereby streamlining business operations and fostering innovation. The platform's ability to facilitate rapid, code-free development positions it as a key player in the evolving landscape of business productivity tools.
How much funding has Formaloo raised?
Formaloo has raised a total of $2.2M across 1 funding round:
Angel/Seed
$2.2M
Angel/Seed (2023): $2.2M with participation from Hyde Park Venture Partners, Change Ventures, Mana Ventures, and Startup Wise Guys
Key Investors in Formaloo
Hyde Park Venture Partners
Hyde Park Venture Partners is an early-stage venture capital firm focused on high-growth technology startups, particularly those in the mid-continent region. They specialize in investing in companies with strong founding teams and significant growth potential during their initial funding rounds.
Change Ventures
Change Ventures is a seed-stage venture capital fund based in the Baltic states, dedicated to supporting ambitious Baltic founders globally with initial investments and hands-on support to achieve product-market fit.
Mana Ventures
Mana Ventures invests in advanced technologies that redefine industries, including AI and software, supporting founders in scaling their businesses and securing further capital through their extensive network.
What's next for Formaloo?
The recent major strategic investment in Formaloo signals a pivotal growth phase for the company. This influx of capital is expected to fuel further development of its no-code platform, enhance its market reach, and potentially expand its enterprise-level offerings. Formaloo is poised to leverage this backing to solidify its position and continue its trajectory of empowering businesses with accessible, powerful application-building tools.
See full Formaloo company page
