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Formidium

Formidium

Private
Downers Grove, IllinoisFinTechhttps://formidium.com

Last Round

Convertible Debt

Nov 18, 2021

Momentum

Quiet

No recent growth signals

Company Overview

Formidium is a financial technology company that provides fund administration services for alternative investment funds.

Sector

FinTech

Verticals

Accounting & Expense, RegTech, Vertical SaaS, Crypto Tax

Business Model

B2B

Customer Profile

Services & Consulting, Subscription SaaS

AI Layer

Non-AI

Keywords

fund administrationfund accountingalternative investmentscrypto fund administrationNAV calculationcrypto taxfund techinvestor servicesinvestor onboardingknow your customerKYCK-1 preparationprivate equity servicesventure capital serviceshedge fund servicesRegTech

Historical Pricing

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Caplight Momentum Score

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Formidium Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Formidium Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Convertible DebtNov 18, 2021

Key People

Founding team and executive leadership

Manish Sudrania

Co-Founder, Co-Founder Chief Infra Officer

Founding Team

Nitin Somani

CEO

Executive Team

Formidium Investors

Notable investors and investment history

InvestorRounds
Woodstock FundConvertible Debt

Market signals

Structured signals derived from secondary market and firmographic data.

  • Feb 25, 2026

    Opened new offices in Europe with support from gunnercooke.

  • Sep 23, 2025

    Attended the HFM US Services Awards 2025.

Formidium Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Formidium Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Formidium's valuation, stock price, and market status.

Firmographic Details

HeadquartersDowners Grove, Illinois
Employee Range545
Year Founded2016
Last FundingNov 18, 2021

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Disclaimer All investments involve risk, including the risk of loss of principal. You should carefully consider your investment objectives, risks, transaction costs and other expenses before deciding to invest in options, swaps or other investments.This does not constitute an offer by Caplight Technologies, Inc. to sell, or a solicitation of an offer to buy, any securities and may not be used or relied upon in connection with any offer or sale of securities. An offer or solicitation can be made only through the delivery of final offering document(s) and purchase agreement(s), and will be subject to the terms and conditions and risks delivered in such documents. Any securities offered are offered through Caplight Markets LLC, member FINRA/SIPC.