Formstack

Indianapolis, United States Founded: 2006 • Age: 20 yrs
Cloud-based workflow automation is provided for enterprise productivity.
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About Formstack

Formstack is a company based in Indianapolis (United States) founded in 2006.. Formstack has raised $425 million across 1 funding round from investors including Silversmith, PSG Equity and Greater Sum Ventures. Formstack has completed 6 acquisitions, including Bedrock Data, Formsite and Formstack. Formstack offers products and services including Forms, Documents, and Sign. Formstack operates in a competitive market with competitors including Box, Acquia, Conga, Automattic and M-Files, among others.

  • Headquarter Indianapolis, United States
  • Sectors
    Technology
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Formstack, Llc
Operational Areas
Technology → Enterprise Software & Productivity Solutions
Technology → Enterprise Software & Productivity Solutions
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $425 M (USD)

    in 1 rounds

  • Latest Funding Round
    $425 M (USD), Series D

    Nov 18, 2021

  • Investors
    Silversmith

    & 2 more

  • Employee Count
    Employee Count
  • Investments & Acquisitions
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Products & Services of Formstack

Formstack offers a comprehensive portfolio of products and services, including Forms, Documents, and Sign. 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.

Primary

Tool for creating and managing online forms for data collection.

Automates creation of professional documents from data.

Platform for secure digital signature collection and management.

People of Formstack
Headcount 200-500
Employee Profiles 25
Board Members and Advisors 3
Employee Profiles
People
Richard Yu
Chief Product Officer
People
Tom Leh
Governance, Risk And Compliance Manager
People
Molly Lee
Billing Manager
People
Henry Choi
Principal Financial Analyst

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Board Members and Advisors
people
Ade Olonoh
Founder & Board Member
people
Tom Reardon
Board Member
people
Jim Quagliaroli
Board Member

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Funding Insights of Formstack

Formstack has successfully raised a total of $425M through 1 strategic funding round. The most recent funding activity was a Series D round of $425 million completed in November 2021. 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 Rounds 1
  • Last Round Series D — $425.0M
  • First Round

    (18 Nov 2021)

  • Investors Count 3
Date Amount Transaction Name Valuation Lead Investors Investors
Nov, 2021 Amount Series D - Formstack Valuation Silversmith , PSG
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Formstack

Formstack has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Silversmith, PSG Equity and Greater Sum Ventures. 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.

All
Venture Fund
Investor Description Founded Year Domain Location
Venture capital firm investing in technology and healthcare sectors
Founded Year Domain Location
Capital and operational support are provided to growth-stage software companies.
Founded Year Domain Location
Growth equity and operational support are provided by Greater Sum Ventures to technology companies.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Formstack

Formstack has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Bedrock Data, Formsite and Formstack. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
Data security software is provided to prevent cybercrime.
2019
Data Integration Platform
2012
Cloud-based platform enables document template creation and data integration.
2011
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - Formstack

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Formstack Comparisons

Employees
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Competitors of Formstack

Formstack 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 Box, Acquia, Conga, Automattic and M-Files, 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
AI-based platform for secure collaboration and content management is utilized.
domain founded_year HQ Location
AI powered digital experience and customer data management platform
domain founded_year HQ Location
Contract lifecycle management is facilitated via a cloud-based platform.
domain founded_year HQ Location
Automattic is engaged in developing web and messaging solutions.
domain founded_year HQ Location
Documents are managed and automated for enterprise knowledge work.
domain founded_year HQ Location
Offers cloud-based video solutions tailored for the media and entertainment industry.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Formstack

Frequently Asked Questions about Formstack

When was Formstack founded?

Formstack was founded in 2006 and raised its 1st funding round 15 years after it was founded.

Where is Formstack located?

Formstack is headquartered in Indianapolis, United States. It is registered at Indianapolis, Indiana, United States.

Who is the current CEO of Formstack?

Aled Miles is the current CEO of Formstack.

Is Formstack a funded company?

Formstack is a funded company, having raised a total of $425M across 1 funding round to date. The company's 1st funding round was a Series D of $425M, raised on Nov 18, 2021.

What does Formstack do?

Cloud-based workflow automation software for enterprises. It is a workplace productivity platform that offers tools to build form and workflows that allows businesses to collect information and automate processes. It provides features such as electronic signature and document automation, data and template management, task scheduling, etc. It can be integrated with CRMs, sales automation platforms, workspace, etc. The offering sectors include healthcare, IT, government, legal, real estate, etc. It is a tool available on the subscription based pricing model.

Who are the top competitors of Formstack?

Formstack's top competitors include Box, Acquia and Conga.

What products or services does Formstack offer?

Formstack offers Forms, Documents, and Sign.

How many acquisitions has Formstack made?

Formstack has made 6 acquisitions, including Bedrock Data, Formsite, and Formstack.

Who are Formstack's investors?

Formstack has 3 investors. Key investors include Silversmith, PSG Equity, and Greater Sum Ventures.

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