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Formidium

Formidium

Private
Downers Grove, IllinoisFinTechhttps://www.formidium.com/

Last Round

Convertible Debt

Nov 18, 2021

Total Funding Raised

$3.5M

Company Overview

Formidium is a financial technology company that provides fund administration services and proprietary back-office technology for alternative investment funds.

Sector

FinTech

Verticals

Wealth Management, Accounting & Expense, Compliance & Risk, Document Management

Business Model

B2B

Customer Profile

Services & Consulting, Subscription SaaS

AI Layer

Application

Keywords

fund administrationfund accountingback-office softwareinvestor onboardingNAV reportingassets under administrationAUAfund admin techautomated reconciliationregulatory reportingvertical SaaSinvestment operationsfintech back-officesubscription managementAI-powered accounting

Historical Pricing

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Caplight Momentum Score

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Formidium Comparables

Compare Formidium with similar companies based on industry and business-model similarity.

Formidium comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Opus Fund Services
86%
NAV Fund Services
82%
Petra Funds Group
81%

Formidium Funding Rounds

Historical fundraising activity

Data table
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

Formidium investors
InvestorRounds
Woodstock FundConvertible Debt
Bodhi Tree Asset ManagementConvertible 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.

Data table
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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