What is Formula?
Established in 1983, Formula Corp operates as a specialized manufacturer of custom blended chemicals, serving diverse sectors including personal care, sanitary maintenance, and industrial cleaning. The company distinguishes itself through a comprehensive service model that encompasses contract manufacturing, toll blending, and private label solutions. By catering to high-demand industries such as grocery, healthcare, and hospitality, Formula Corp has built a reputation for delivering salon-grade personal care items and eco-friendly cleaning solutions. Their commitment to sustainable innovation and rigorous quality control remains the cornerstone of their business model, allowing them to maintain long-term partnerships across various commercial landscapes.
How much funding has Formula raised?
Formula has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in Formula
PPP
Public-Private Partnership
What's next for Formula?
With the successful acquisition of this capital, Formula Corp is poised to enter a new phase of industrial scaling. The strategic allocation of these funds will likely focus on optimizing supply chain efficiencies and accelerating the development of sustainable chemical formulations. As the company navigates the complexities of the late-stage growth environment, the focus will shift toward increasing market share in the hospitality and healthcare segments. By leveraging its established infrastructure and private label expertise, Formula Corp aims to capitalize on the rising demand for eco-conscious industrial products, ensuring long-term value creation for stakeholders and clients alike.
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