Formaloo: Funding, Investors & Team (Sep 2026)
Formaloo is a platform that allows businesses to create customized software applications, automate their processes, and engage with their audience without the need for coding. It helps businesses collect, organize, and comprehend their data efficiently. With easy-to-use drag-and-drop tools, businesses can quickly develop software and design powerful applications. Formaloo is specifically designed for businesses, and it does not require expertise in development or data analysis. With Formaloo CDP, users can analyze their customer data, predict future trends, and gain a deeper understanding of their business and customers. This AI-powered platform enhances loyalty, customer experience, and overall business growth for small and medium-sized businesses.
Formaloo has raised $2.3M across 2 funding rounds on record, the most recent a Seed of $2.3M announced in Jul 2023.
That round is below the $5.3M median round size for Data and Analytics companies tracked on FundedIQ over the last two years.
Formaloo Company Profile and Key Stats
Latest funding round on record: Jul 2023.
Formaloo Funding Rounds
Formaloo raised $30k in an undisclosed round announced in Nov 2022.
8 months later, a Seed of $2.3M was announced in Jul 2023.
Formaloo Founders and Leadership Team
Contact details for the Formaloo team: 2 of 2 have an email address on file.
Start 14-day free trial →Formaloo Funding Compared to Other Data and Analytics Startups
Formaloo's latest round of $2.3M is below the median round in Data and Analytics. Medians cover the last 24 months of disclosed rounds.
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Formaloo Funding FAQs
What does Formaloo do?
Formaloo is a platform that allows businesses to create customized software applications, automate their processes, and engage with their audience without the need for coding. It helps businesses collect, organize, and comprehend their data efficiently. With easy-to-use drag-and-drop tools, businesses can quickly develop software and design powerful applications. Formaloo is specifically designed for businesses, and it does not require expertise in development or data analysis. With Formaloo CDP, users can analyze their customer data, predict future trends, and gain a deeper understanding of their business and customers. This AI-powered platform enhances loyalty, customer experience, and overall business growth for small and medium-sized businesses.
How much funding has Formaloo raised?
Formaloo has raised $2.3M across 2 rounds on record. The most recent is a Seed of $2.3M announced in Jul 2023.
When did Formaloo last raise funding?
Formaloo's most recent funding round on record is a Seed of $2.3M, announced in Jul 2023.
Who is the CEO of Formaloo?
Farokh Shahabi is listed as CEO at Formaloo.
Where is Formaloo headquartered?
Formaloo is based in Tallinn, Harjumaa, Estonia.
How many employees does Formaloo have?
Formaloo is in the 11-50 employee band.
How does Formaloo's funding compare to other Data and Analytics startups?
Formaloo's latest round of $2.3M is below the $5.3M median round size for Data and Analytics companies on FundedIQ across 1,842 tracked companies over the last two years.
About FundedIQ's Formaloo Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Formaloo is left off this page rather than filled in.
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