About Formovie
Formovie is a company based in Beijing (China) founded in 2016.. Formovie has raised $28.82 million across 2 funding rounds from investors including Chongqing Liangjiang Financial Development and Shunwei Capital. Formovie operates in a competitive market with competitors including XREAL, Magic Leap, Vuzix, RealWear and DigiLens, among others.
- Headquarter Beijing, China
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Sectors
Technology
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Email
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Phone
*********
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Website
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$28.82 M (USD)
in 2 rounds
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Latest Funding Round
$28.82 M (USD), Series A
Aug 18, 2020
- Investors
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Employee Count
Employee Count
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Funding Insights of Formovie
Formovie has successfully raised a total of $28.82M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $28.82 million completed in August 2020. 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 2
- Last Round Series A — $28.8M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2020 | Amount | Series A - Formovie | Valuation | Chongqing Liangjiang Financial Development |
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| Aug, 2018 | Amount | Seed - Formovie | Valuation | Shunwei Capital |
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| 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 Formovie
Formovie has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Chongqing Liangjiang Financial Development and Shunwei 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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Founded Year | Domain | Location | |
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Venture capital fund focused on mobile, internet, deep technology, rural internet, AI, and multiple 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 Formovie
| 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 - Formovie
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Formovie Comparisons
Competitors of Formovie
Formovie 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 XREAL, Magic Leap, Vuzix, RealWear and DigiLens, 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 |
Augmented-reality smart eyewear is offered by XREAL for device compatibility.
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| domain | founded_year | HQ Location |
Head-mounted virtual retinal displays for augmented reality viewing are provided.
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| domain | founded_year | HQ Location |
Smart glasses are provided for remote support and teleconferencing.
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| domain | founded_year | HQ Location |
Provider of wearable heads-up display for industrial workers
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| domain | founded_year | HQ Location |
Designs optical waveguide technology for HUD, AR and biometric applications
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| domain | founded_year | HQ Location |
AR-based platforms for industrial remote assistance are provided.
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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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Latest news on Formovie
Frequently Asked Questions about Formovie
When was Formovie founded?
Formovie was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Formovie located?
Formovie is headquartered in Beijing, China.
Is Formovie a funded company?
Formovie is a funded company, having raised a total of $28.82M across 2 funding rounds to date.
What does Formovie do?
Formovie was founded in 2016 and is based in Beijing, China. 3D smart glasses are developed with 1080p resolution, automatic lens calibration via a left-frame button, up to 40 hours of battery life, and auto-shutdown after 5 minutes without synchronization. A series of smart laser projection TVs is also offered, focusing on consumer electronics in the wearables and display technology sectors.
Who are the top competitors of Formovie?
Formovie's top competitors include RealWear, XREAL and Magic Leap.
Who are Formovie's investors?
Formovie has 2 investors. Key investors include Chongqing Liangjiang Financial Development, and Shunwei Capital.