Formally
PrivateLast Round
Pre Seed
May 16, 2022
Total Funding Raised
$2.3M
Company Overview
Formally is a legal technology company that develops an AI-driven software-as-a-service platform to streamline immigration and legal collaboration workflows for law firms, corporate legal departments, and individual applicants.
Sector
Enterprise Software
Verticals
Legal Tech, Workflow Automation, Compliance, Document Management, NLP & Conversational AI
Business Model
B2B
Customer Profile
Subscription SaaS
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Formally Comps
Public and private peers based on sector, stage, and business model.
| Company | Status | Est. Valuation | Rev Multiple |
|---|---|---|---|
| OpenAI | Private | $86.0B | ~40x |
| Cohere | Private | $5.0B | -- |
| Competitor 1 | Public | $XX.XB | XXx |
| Competitor 2 | Public | $XX.XB | XXx |
Formally Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Pre Seed | May 16, 2022 | ||||
| Accelerator | Aug 23, 2019 |
Key People
Founding team and executive leadership
Formally Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| BBG Ventures | Pre Seed |
| Unshackled Ventures | Pre Seed |
| LexLab | Accelerator |
| Dorm Room Fund | Pre Seed |
| Ulu Ventures | Pre Seed |
| Bessemer Venture Partners | Pre Seed |
| Graph Ventures | Pre Seed |
Formally Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Formally's valuation, stock price, and market status.