Formally
PrivateLast Round
Pre Seed
May 16, 2022
Total Funding Raised
$2.3M
Momentum
Top 25%
of companies Caplight tracks
Company Overview
Formally operates in Enterprise Software and is based in Palo Alto, California. Its latest recorded funding round was a Pre Seed round in May 2022.
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, Document Management, Compliance & Risk, NLP & Conversational AI
Business Model
B2B
Customer Profile
Subscription SaaS
AI Layer
Application
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Formally Comparables
Compare Formally with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Imagility | 86% | |
| LegalBridge | 86% | |
| Parley | 85% |
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Formally Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Pre Seed | May 16, 2022 | ||||
| Accelerator | Aug 23, 2019 |
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Key People
Founding team and executive leadership
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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 |
Market signals
Structured signals derived from secondary market and firmographic data.
- Aug 22, 2026
Monthly visitors increased 52% MoM to 57.6K.
- Jul 25, 2026
Monthly visitors increased 31% MoM, reaching 38K.
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Formally Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about Formally's valuation, stock price, and market status.
Is Formally a public or private company?
Formally is a private company.
What is the current stock price of Formally?
Formally is a private company, so its shares have no public market price. Caplight tracks Formally's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Formally worth (valuation)?
Valuation information for Formally is not publicly available.
Can I buy Formally stock?
Formally shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Formally's last funding round?
Formally's most recent funding round was Pre Seed on May 16, 2022.
Who are the main investors in Formally?
Key investors in Formally include Bessemer Venture Partners.
Will Formally IPO soon?
No public IPO plans have been announced for Formally.
How can I track Formally secondary market activity?
Caplight tracks bids, offers, and trades in Formally's shares on secondary markets.