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Formic Ventures

Founders Matt Shlosberg Michael Antonov Michael Antonov

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 42
Average round size
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The average size of a deal this fund participated in
$5M
Portfolio companies 31
Rounds per year 4.67
Lead investments 0
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.24
Exits 3
Key employees Soon
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Biotechnology
  • Health Care
  • Artificial Intelligence
  • Pharmaceutical
  • Biopharma

Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Formic Ventures:
Typical Co-investors
Formic Ventures is more likely to invest in rounds together with the following funds:
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Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Formic Ventures:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

SonoThera

Biopharma
Biotechnology
Genetics
Medical
$60M05 Dec 2022 San Francisco, California, United States

cheMastery

Chemical Engineering
Industrial Automation
Robotics
13 Nov 2022 London, England, United Kingdom

Arpeggio Bio

Biotechnology
Machine Learning
$17M07 Sep 2022 Boulder, Colorado, United States

resistanceBio

Biotechnology
Health Care
$12M04 Jul 2022 Menlo Park, California, United States

Sampling Human

Big Data
Bioinformatics
Biotechnology
Health Care
Health Diagnostics
$2M12 Apr 2022 San Diego, California, United States

Aviron

Fitness
Health Care
$18M27 Feb 2022 Atlanta, Georgia, United States

Aviron Interactive

Fitness
Health Care
Wellness
$18M23 Feb 2022 Old Toronto, Ontario, Canada

Multiomic Health

Artificial Intelligence
Biotechnology
Health Care
Life Science
Therapeutics
$1M07 Feb 2022 London, England, United Kingdom

Framework

Consumer Electronics
$18M01 Feb 2022 Burlingame, California, United States
News
Aviron Raises $4.5M in Funding

– Aviron, a Toronto, Canada-based experience-driven connected rowing machine built on an advanced gaming platform, raised $4.5M in funding.
– Backers included Samsung Next, Formic Ventures, GFC, Y Combinator and others.
– The company intends to use the funds to accelerate expand operations and its business reach internationally.

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Total investments 42
Average round size 5M
Rounds per year 4.67
Peak activity year 2022
Lead investments 0
Follow on index 0.24
Exits 3
Group Appearance index 0.60

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

SonoThera

Biopharma
Biotechnology
Genetics
Medical
$60M05 Dec 2022 San Francisco, California, United States

cheMastery

Chemical Engineering
Industrial Automation
Robotics
13 Nov 2022 London, England, United Kingdom

Arpeggio Bio

Biotechnology
Machine Learning
$17M07 Sep 2022 Boulder, Colorado, United States

resistanceBio

Biotechnology
Health Care
$12M04 Jul 2022 Menlo Park, California, United States

Sampling Human

Big Data
Bioinformatics
Biotechnology
Health Care
Health Diagnostics
$2M12 Apr 2022 San Diego, California, United States

Aviron

Fitness
Health Care
$18M27 Feb 2022 Atlanta, Georgia, United States

Aviron Interactive

Fitness
Health Care
Wellness
$18M23 Feb 2022 Old Toronto, Ontario, Canada

Multiomic Health

Artificial Intelligence
Biotechnology
Health Care
Life Science
Therapeutics
$1M07 Feb 2022 London, England, United Kingdom

Framework

Consumer Electronics
$18M01 Feb 2022 Burlingame, California, United States
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