Formulate

Menlo Park, United States Founded: 2019 • Age: 7 yrs
Personalized hair care products are provided via an online platform.
Annual revenue - Latest available
Total funding $2.8M 3 rounds
Employees - Tracked headcount
Investors 2 Known backers
Products 1 Services tracked
Competitors 6 Brand Intelligence

About Formulate

Formulate is a company based in Menlo Park (United States) founded in 2019 by Tammy Lisi and Chris Schmich. It operates as a Direct-to-Consumer (D2C). Formulate has raised $2.84 million across 3 funding rounds from investors including Jason Calacanis and LAUNCH Accelerator. Formulate offers products and services including Formulate Experience. Formulate operates in a competitive market with competitors including Function of Beauty, SpoiledChild, The Mad Optimist, Mirai Clinical and Cynaglow, among others.

  • Headquarter Menlo Park, United States
  • Founders Tammy Lisi, Chris Schmich
  • Sectors
    Consumer
    Healthcare
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
Operational Areas
Consumer → Beauty, Personal & Household Care Unlock Sub-Sector Unlock Segment
Healthcare → Health Technology & Digital Health Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $2.84 M (USD)

    in 3 rounds

  • Latest Funding Round
    $1.39 M (USD), Seed

    Jun 27, 2025

  • Investors
  • Employee Count
    Not available
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Products & Services of Formulate

Formulate offers a comprehensive portfolio of products and services, including Formulate Experience.

Product name locked
Category locked
Primary

Personalized experience for him and her is offered.

People of Formulate

Headcount 10-50
Employee Profiles 4
Employee Profiles
People
Osmaan Shah
Co-founder, CEO
People
Chris Schmich
Co-founder, CTO
People
Tammy Lisi
Co-Founder and Chief Scientist
People
Caroline S.
Content Marketing Associate

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Funding Insights of Formulate

Formulate has successfully raised a total of $2.84M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.39 million completed in June 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.

Investors in Formulate

Formulate has secured backing from 2 investors, including angel and venture fund investors. Prominent investors backing the company include Jason Calacanis and LAUNCH Accelerator.

All
Venture Fund
Angel
Investor Description Founded Year Domain Location
A startup accelerator program is offered to early-stage founders.
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Jason Calacanis

American angel investor, entrepreneur, and podcaster, active in Indian startups
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Investor details for Formulate

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

Verified entity values are shown only after access is granted.

Investments & Acquisitions by Formulate

Investments
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Investment portfolio details for Formulate

Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.

  • Portfolio identities
  • Transaction dates
  • Round details
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Financial Statements - Formulate

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Detailed financials for Formulate

Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.

  • Historical revenue
  • Profit trends
  • Statement rows
  • Financial ratios

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Formulate Comparisons

Formulate Primary company
Description
Personalized hair care products are provided via an online p...
Location
Menlo Park, United States
Founded Year
2019
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
Premium access

Peer comparison for Formulate

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

  • Named peers
  • Headcount comparison
  • Funding comparison
  • Operating benchmarks

Verified entity values are shown only after access is granted.

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Competitors of Formulate

Formulate 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 Function of Beauty, SpoiledChild, The Mad Optimist, Mirai Clinical and Cynaglow, among others.

Company Name Domain Founded year HQ Location Description
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Customized skin and hair care products are provided online.
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Offers a direct-to-consumer brand with customized beauty products across multiple categories.
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Customized skincare and body care products are offered online.
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Offers a brand of natural skin and hair care products.
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Operates a direct-to-consumer brand offering a variety of beauty care products.
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Detailed competitors of Formulate

Competitor domains, locations, full profiles, and operating metrics require an active premium plan.

  • Domains and locations
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Latest news on Formulate

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Complete news archive for Formulate

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  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about Formulate

Formulate was founded in 2019 and raised its 1st funding round 1 year after it was founded.

Formulate is headquartered in Menlo Park, United States. It is registered at Menlo Park, California, United States.

Formulate is a funded company, having raised a total of $2.84M across 3 funding rounds to date.

Personalized personal care solutions for him and her are offered by Formulate. The company focuses on customized experiences in the consumer goods sector. Access to products is currently limited to an invitation-only basis. Interested customers can join a waitlist to be considered for future availability.

Formulate's top competitors include Function of Beauty, The Mad Optimist and SpoiledChild.

Formulate offers Formulate Experience.

Formulate has 2 investors. Key investors include Jason Calacanis, and LAUNCH Accelerator.

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