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Forma

Forma

Private
Fremont, CaliforniaEnterprise Softwarehttps://www.joinforma.com/

Last Round

Series B

Mar 8, 2022

Total Funding Raised

$60.36M

Company Overview

Forma is a human capital services company that provides a flexible benefits management platform for businesses to design, scale, and manage global employee benefits programs.

Sector

Enterprise Software

Verticals

HR, Vertical SaaS, Digital Payments, Accounting & Expense

Business Model

B2B

Customer Profile

Subscription SaaS, Marketplace Commission

AI Layer

Application

Keywords

benefits administrationlifestyle spending accountLSAemployee perksperks platformtotal rewardsemployee wellnessbenefits managementflexible benefitsbenefits debit cardHR techbenefits marketplaceclaims automationB2B SaaSemployee stipends

Historical Pricing

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Caplight Momentum Score

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Forma Comparables

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

Forma comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Benepass
93%
Espresa
85%
ThrivePass
84%

Forma Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Series BMar 8, 2022
Series ANov 1, 2020
SeedSep 1, 2019

Key People

Founding team and executive leadership

Jason Fan

Founder CEO

Founding Team

Forma Investors

Notable investors and investment history

Forma investors
InvestorRounds
Upside PartnershipSeries B, Series A, Seed
AngelPadSeries B, Series A, Seed, Accelerator
Designer FundSeries B, Series A, Seed
Ribbit CapitalSeries B
Upside PartnershipSeries B, Seed
Emergence CapitalSeries B, Series A

Market signals

Structured signals derived from secondary market and firmographic data.

  • Sep 18, 2025

    Launched new Rewards & Recognition product.

  • Apr 6, 2025

    Added Garver, LLC, an engineering firm, as a customer.

Recent news

Latest coverage and updates

  • recognized_asJul 22, 2026

    Blair Swim at Forma Inc recognized as Best Employee Benefits Platform at 2026 Employee Benefits Awards on Jul 1st '26.

Forma Filings

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Forma filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

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

Is Forma a public or private company?

Forma is a private company.

What is the current stock price of Forma?

Forma is a private company with no public stock price. No recent secondary market data is available.

How much is Forma worth (valuation)?

Valuation information for Forma is not publicly available.

Can I buy Forma stock?

Forma shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.

When was Forma's last funding round?

Forma's most recent funding round was Series B on March 8, 2022.

Who are the main investors in Forma?

Key investors in Forma include AngelPad, Ribbit Capital, Emergence Capital.

Will Forma IPO soon?

No public IPO plans have been announced for Forma.

How can I track Forma secondary market activity?

Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor Forma's secondary market activity and sign up for updates.

Firmographic Details

HeadquartersFremont, California
Employee Range116
Year Founded2017
Last FundingMar 8, 2022

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