Formulary Financial Emerges from Stealth to Reinvent Fund Administration
Summary
Formulary Financial emerged from stealth with a $4.6 million seed round led by Khosla Ventures and participation from several VC firms and strategic partners. The company offers an AI-native fund administration platform that centralizes data, automates accounting and reporting, and delivers real-time, auditable views for GPs and LPs. It positions its product as a replacement for fragmented spreadsheets and legacy processes that cause manual work, data errors, and slow reporting cycles. Early customers and design partners managing billions in AUM are already using the platform to reduce manual tasks and accelerate reporting.
Funding
Amount
$4.6M
Total raised
Date
January 20, 2026
Announcement date
Investors
Acrew Capital, Kholsa Ventures, Serena Ventures, Human Ventures
Lead investors
Company
formulary.co
Funded company
Classifications
industries
Fintech & Banking
applications
Data Management
AskAI Classifications
Labels
SaaS
Financial Software
Fund Administration Software
Linked Companies
Formulary Financial, Inc.
up to $1M