What is Formco?
Formco, established in 1986, is a provider of specialized plastic solutions, leveraging decades of experience in design and engineering. The company caters to diverse markets including marine, HVAC, specialty vehicle, and general manufacturing. Formco excels in rapid prototyping and offers comprehensive thermoforming and CNC capabilities, with sheet sizes up to 66" x 120". Their commitment to a customer-driven approach aims to deliver effective engineered plastic solutions, from initial design concepts to final production and assembly.
How much funding has Formco raised?
Formco has raised a total of $410K across 2 funding rounds:
Debt
$150K
Debt
$260K
Debt (2020): $150K with participation from PPP
Debt (2021): $260K led by PPP
Key Investors in Formco
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Formco?
With its recent large-scale, late-stage funding, Formco is poised for significant expansion. The strategic investment suggests a focus on scaling operations, enhancing technological capabilities, and potentially broadening its market reach. This capital infusion will likely fuel further innovation in product development and manufacturing processes, reinforcing Formco's competitive edge in the engineered plastics sector. The company's trajectory indicates a strong emphasis on solidifying its market leadership and pursuing ambitious growth objectives.
See full Formco company page
