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Formation 8

Founders Bon Woong Koo Brian Koo Jim Kim

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Investments

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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 144
Average round size
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The average size of a deal this fund participated in
$20M
Portfolio companies 95
Rounds per year 12.00
Lead investments 29
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.34
Exits 24
Key employees 10
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Software
  • SaaS
  • Analytics
  • Enterprise Software
  • Big Data
Summary

Formation 8 appeared to be the VC, which was created in 2011. The fund was located in North America if to be more exact in United States. The main department of described VC is located in the San Francisco.

Among the most successful fund investment fields, there are SaaS, Machine Learning. Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund. The fund has no specific favorite in a number of founders of portfolio startups. In case when startup counts 4 of the founder, the chance for it to get the investment is meager. Among the most popular portfolio startups of the fund, we may highlight Yello Mobile, Oscar Health Insurance Co., ContextLogic (dba. Wish). For fund there is a match between the location of its establishment and the land of its numerous investments - United States.

The top activity for fund was in 2015. Despite it in 2019 the fund had an activity. Considering the real fund results, this VC is 14 percentage points more often commits exit comparing to other organizations. The fund is constantly included in 13-24 deals per year. Comparing to the other companies, this Formation 8 performs on 16 percentage points less the average number of lead investments. The higher amount of exits for fund were in 2018. The typical startup value when the investment from Formation 8 is 500 millions - 1 billion dollars. The usual things for fund are deals in the range of 10 - 50 millions dollars.

The usual cause for the fund is to invest in rounds with 5-6 partakers. Despite the Formation 8, startups are often financed by ff Venture Capital, Andreessen Horowitz, Y Combinator. The meaningful sponsors for the fund in investment in the same round are Khosla Ventures, General Catalyst, Samsung Ventures. In the next rounds fund is usually obtained by Samsung Ventures, LeFrak, Sway Ventures.

The fund was created by Brian Koo, Joe Lonsdale. Besides them, we counted 21 critical employees of this fund in our database.

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Related Funds

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Typical Co-investors
Formation 8 is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Formation 8:

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
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Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Cape Analytics

Analytics
Artificial Intelligence
Information Technology
InsurTech
Machine Learning
Property Insurance
Real Estate
$44M14 Jul 2021 Mountain View, California, United States

Biotechnology
Life Science
$46M27 May 2020 San Diego, California, United States

Aviatrix Systems

Enterprise Software
Information Technology
Software
$40M28 Oct 2019 San Jose, California, United States

Fieldwire

Collaboration
Construction
Enterprise Software
Mobile
Project Management
SaaS
Software
$33M16 Sep 2019 San Francisco, California, United States

Branch International

Apps
Finance
Financial Services
FinTech
$170M07 Apr 2019 San Francisco, California, United States

Betterworks

Enterprise Software
Human Resources
Information Technology
SaaS
Software
$51M07 Mar 2019 New York, New York, United States

Joy

Apps
Web Design
Wedding
$13M17 Sep 2018 San Francisco, California, United States

Lunit

Artificial Intelligence
Computer Vision
Health Diagnostics
Image Recognition
Machine Learning
Medical Device
Software
$15M13 Jul 2018 South Korea, Gyeonggi-do, South Korea

Imagene Labs

Beauty
Fitness
Genetics
Health Care
Nutrition
Personal Health
Wellness
07 Jun 2018 Central
News
Aviatrix Raises $200M in Series E Funding

– Aviatrix from Santa Clara provides cloud networking and security software for enterprises.
– The company raised $200m in Series E funding.
– The round was led by TCV with participation from new investors Insight Partners and Tiger Global, and existing investors CRV, Formation 8, General Catalyst, Greenspring Associates, Ignition, Liberty Global Ventures, Meritech Capital and TrueBridge Capital Partners.
– The new investment will be aimed at scaling the worldwide sales and support operations.

CAPE Analytics Raises $44 Million, Led by Pivot Investment Partners

– CAPE Analytics announced $44m in Series C financing, led by Pivot Investment Partners.
Aquiline Technology Growth and HSCM Bermuda also joined the Series C round, with across-the-board participation from existing investors, including Formation8 and Brewer Lane Ventures.
– The infusion of capital will be used to accelerate the creation of new property insights, powered by machine learning, for CAPE’s growing client base.
– CAPE Analytics serves over 50 subscription customers across insurance and real estate markets, such as Hippo Insurance, Amica Insurance, and State Auto Insurance.
– The Series C funding will allow CAPE Analytics to diversify its suite of data sources and partnerships, expand its coverage footprint in the U.S., Canada, and beyond, and grow its team of machine learning, data science, and risk experts.

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Total investments 144
Average round size 20M
Rounds per year 12.00
Peak activity year 2015
Lead investments 29
Follow on index 0.34
Exits 24
Group Appearance index 0.95

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Cape Analytics

Analytics
Artificial Intelligence
Information Technology
InsurTech
Machine Learning
Property Insurance
Real Estate
$44M14 Jul 2021 Mountain View, California, United States

Biotechnology
Life Science
$46M27 May 2020 San Diego, California, United States

Aviatrix Systems

Enterprise Software
Information Technology
Software
$40M28 Oct 2019 San Jose, California, United States

Fieldwire

Collaboration
Construction
Enterprise Software
Mobile
Project Management
SaaS
Software
$33M16 Sep 2019 San Francisco, California, United States

Branch International

Apps
Finance
Financial Services
FinTech
$170M07 Apr 2019 San Francisco, California, United States

Betterworks

Enterprise Software
Human Resources
Information Technology
SaaS
Software
$51M07 Mar 2019 New York, New York, United States

Joy

Apps
Web Design
Wedding
$13M17 Sep 2018 San Francisco, California, United States

Lunit

Artificial Intelligence
Computer Vision
Health Diagnostics
Image Recognition
Machine Learning
Medical Device
Software
$15M13 Jul 2018 South Korea, Gyeonggi-do, South Korea

Imagene Labs

Beauty
Fitness
Genetics
Health Care
Nutrition
Personal Health
Wellness
07 Jun 2018 Central
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