About Formo
Formo is a company based in Berlin (Germany) founded in 2019.. Formo has raised $115.49 million across 4 funding rounds from investors including Merck, REWE Group and European Investment Bank. Formo offers products and services including Frischhain Plain, Frischhain Herbs, and Frischhain Tomato. Formo operates in a competitive market with competitors including Oatly, GREEN EDGE and There is a bee on the roof, among others.
- Headquarter Berlin, Germany
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Sectors
Consumer
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Email
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Phone
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Website
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Social
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- Legal Name Formo Bio
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$115.49 M (USD)
in 4 rounds
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Latest Funding Round
$35.76 M (USD), Debt – Venture
Jan 14, 2025
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Investors
Merck
& 19 more
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Employee Count
Employee Count
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Products & Services of Formo
Formo offers a comprehensive portfolio of products and services, including Frischhain Plain, Frischhain Herbs, and Frischhain Tomato. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Rich, creamy animal-free cream cheese for everyday culinary use.
Herbed alternative providing flavorful options for recipes and meals.
Tomato-flavored cheese substitute for diverse and sustainable cooking.
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Funding Insights of Formo
Formo has successfully raised a total of $115.49M across 4 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $35.76 million completed in January 2025. 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 4
- Last Round Debt – Venture — $35.8M
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First Round
First Round
(20 Dec 2019)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Debt – Venture - Formo | Valuation |
investors |
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| Sep, 2024 | Amount | Series B - Formo | Valuation | FoodLabs , EQT Ventures | |
| Sep, 2021 | Amount | Series A - Formo | Valuation | EQT Ventures , Elevat3 Capital |
| 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 Formo
Formo has secured backing from 20 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Merck, REWE Group and European Investment Bank. 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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Finance and advisory services for infrastructure projects are provided.
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Founded Year | Domain | Location | |
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FoodLabs is engaged in supporting food innovation startups.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and innovation sectors.
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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 Formo
| 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 - Formo
| 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 |
Formo Comparisons
Competitors of Formo
Formo 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 Oatly, GREEN EDGE and There is a bee on the roof, 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 |
Plant-based dairy alternatives from oats are provided by Oatly.
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| domain | founded_year | HQ Location |
Platform for signing up to receive updates on an upcoming service.
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| domain | founded_year | HQ Location |
Operates as a brand offering high-quality plant-based products.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Formo
Frequently Asked Questions about Formo
When was Formo founded?
Formo was founded in 2019.
Where is Formo located?
Formo is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Is Formo a funded company?
Formo is a funded company, having raised a total of $115.49M across 4 funding rounds to date. The company's 1st funding round was a Series A of $50M, raised on Dec 20, 2019.
What does Formo do?
Formo was founded in 2019 in Berlin, Germany, and operates in the food technology sector focused on dairy alternatives. Animal-free milk proteins are created through precision fermentation, which are then combined with plant-based fats, carbohydrates, and salt to form a base for cheese recipes. This approach enables the production of dairy-like products without animal involvement, targeting sustainable food options in the European market.
Who are the top competitors of Formo?
Formo's top competitors include Oatly, GREEN EDGE and There is a bee on the roof.
What products or services does Formo offer?
Formo offers Frischhain Plain, Frischhain Herbs, and Frischhain Tomato.
Who are Formo's investors?
Formo has 20 investors. Key investors include Merck, REWE Group, European Investment Bank, The Nature Conservancy, and Agronomics.