About formafina
formafina is a company based in Buenos Aires (Argentina) founded in 2012 by Nima Pourshasb. It operates as a B2C. formafina has raised $1.86 million across 7 funding rounds from investors including Plug and Play Tech Center, NXTP and Zenstone Venture Capital. formafina operates in a competitive market with competitors including Jelz and Iluminacion San Martin, among others.
- Headquarter Buenos Aires, Argentina
- Founders Nima Pourshasb
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.86 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
Plug and Play Tech Center
& 10 more
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Employee Count
Employee Count
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Funding Insights of formafina
formafina has successfully raised a total of $1.86M across 7 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Last Round
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First Round
First Round
(01 Mar 2012)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2014 | Amount | Seed - formafina | Valuation |
investors |
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| Jun, 2014 | Amount | Seed - formafina | Valuation |
investors |
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| Feb, 2014 | Amount | Seed - formafina | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in formafina
formafina has secured backing from 11 investors, including institutional and venture fund investors. Prominent investors backing the company include Plug and Play Tech Center, NXTP and Zenstone Venture Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Post-seed and early-stage investments are made in US tech companies.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Early-stage tech-focused VC firm investing primarily in Latin America and the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by formafina
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - formafina
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Formafina Comparisons
Competitors of formafina
formafina operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Jelz and Iluminacion San Martin, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides gate automation products, installations, and nationwide shipments in Argentina.
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| domain | founded_year | HQ Location |
Operates a direct-to-consumer brand for home decor products.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about formafina
When was formafina founded?
formafina was founded in 2012.
Where is formafina located?
formafina is headquartered in Buenos Aires, Argentina.
Is formafina a funded company?
formafina is a funded company, having raised a total of $1.86M across 7 funding rounds to date.
What does formafina do?
formafina, founded in 2012 in Buenos Aires, Argentina, focuses on producing consumer products, home furnishings, decor products, and selling products via the internet. Operates a direct-to-consumer brand specializing in home decor products. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Who are the top competitors of formafina?
formafina's top competitors include Jelz and Iluminacion San Martin.
Who are formafina's investors?
formafina has 11 investors. Key investors include Plug and Play Tech Center, NXTP, Zenstone Venture Capital, Velum Ventures, and Redpoint eventures.